Anadarko to Drill in Algerian Desert
Anadarko Petroleum Corp. has announced that its wholly owned subsidiary, Anadarko Algeria Corp., has signed a contract with an Algerian drilling contractor to drill the first well of a multiwell program.
The contract is with Enterprise Nationale des Travaux aux Puits. Plans call for the drilling to start in May, 1991.
The agreement with ENTP is Anadarko’s latest step in its 10-year joint venture with Sonatrach to find and develop crude oil reserves in the Algerian Sahara Desert.
“The contract with ENTP is significant in that it represents the results of competitive bidding and the commitment of a national public sector company to seek new deals with foreign competitors under new and more wide-open commercial and hydrocarbon regulations,” said Robert J. Allison Jr., Anadarko chairman and chief executive officer.
Anadarko Algeria teamed up with Sonatrach under a production-sharing agreement signed in October 1989, and opened its subsidiary headquarters office in Algiers in July, 1990.
In September, 1990, Anadarko Algeria began full-scale operations of a seismic processing center 25 miles east of Algiers.
The exploration license in Algeria covers an area of 5.1 million acres in the Grand Erg Oriental of the Sahara Desert.
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