Embassy of Algeria in Sofia | Bulgaria > News > Economy & Business > Sonatrach, BP and Statoil sign $ 500 million amendment to Amenas gas contract
Sonatrach, BP and Statoil sign $ 500 million amendment to Amenas gas contract
December 21, 2017 ambalg Economy & Business
APS : Wednesday, 20 December 2017
ALGIERS- Sonatrach Group and the UK firm British Petroleum and Norwegian Statoil signed Wednesday in Algiers an amendment to the In Amenas gas contract, amounting to over $ 500 million
to increase the reserves of the In Amenas perimeter.
These reserves will be increased through an additional potential of 11 billion m3 of gas through an additional investment plan of more than $500 million.
This plan will maintain a level of commercial production of the Tiguentourine deposit beyond 2035.