2024-08-01 01:47:16
The National Oil Corporation signed a memorandum of understanding with the Algerian company Sonatrach to provide drilling and well intervention equipment, as well as maintenance and training services.
The memorandum was signed by the CEO of the National Petroleum Works Corporation (ENTP) and his counterpart from the branch of the National Oil Corporation specializing in drilling and well maintenance, during a visit to Algeria at the invitation of the General Directorate of Sonatrach, during the period from July 29 to 31, 2024.
According to Sonatrach, the meeting of the two parties discussed developing a plan for the work to be carried out regarding the various topics specified in the agreement protocol signed between the two parties in February 2022 and its annex signed in January 2024.
According to the Algerian company, the technical committee formed by the two parties will study the possibility of cooperation between the branches of Sonatrach and the branches of the Libyan National Oil Company in the fields of drilling, geophysics, intervention at the well level, stimulation and construction.
The company indicated that the annex signed between the National Corporation and Sonatrach strengthens the partnership axes agreed upon between the two institutions, by including new areas of cooperation, particularly with regard to exploration and development of oil and gas resources, renewable energy projects, oil services, and areas of training, exchange of expertise, and transfer of knowledge.
It is noteworthy that the first meeting was held remotely between teams from Sonatrach and the National Oil Company with the aim of forming a supervisory committee and technical sub-committees concerned with each topic.
Source: Algerian Sonatrach Company + Libya Al-Ahrar Channel
2024-08-01 01:47:16