(WO) – TotalEnergies and SONATRACH have signed a Memorandum of Understanding to conclude an oil and gas contract in the north-east Timimoun region, under the aegis of Law n°19-13 governing oil and gas activities.
Source: TotalEnergies
This Memorandum of Understanding outlines the realization of a work program for the appraisal and development of gas resources in the North-East Timimoun region, in synergy with existing processing facilities for production from the Timimoun natural gas field, to reduce costs and emissions.
"This Memorandum of Understanding reflects our shared willingness to expand our strategic partnership with SONATRACH", said Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies.
Earlier this year, TotalEnergies and SONATRACH extended their cooperation in the field of liquefied natural gas (LNG) by extending their contractual relationship until 2025. In 2025, SONATRACH will thus be delivering two million tonnes of LNG to TotalEnergies at the port of Fos-Cavaou, near Marseille, which will contribute directly to the security of energy supply in France and Europe.
TotalEnergies is active in oil and gas exploration and production through its interests in the Tin Fouyé Tabankort and Timimoun gas fields, the Berkine Basin oil fields (Blocks 404a and 208) and liquefied natural gas via supply contracts with Sonatrach.
In 2023, TotalEnergies produced 51,000 boed (group share) in Algeria through its interests in the TFT II and Timimoun natural gas fields and in the Berkine Basin oil fields (blocks 404a and 208).
