{"id":78786,"date":"2023-06-20T12:30:39","date_gmt":"2023-06-20T11:30:39","guid":{"rendered":"https:\/\/jazairhope.org\/?p=78786"},"modified":"2023-06-20T12:30:39","modified_gmt":"2023-06-20T11:30:39","slug":"pertamina-signs-35-year-extension-for-algeria-oil-and-gas-block","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/fr\/pertamina-signs-35-year-extension-for-algeria-oil-and-gas-block\/","title":{"rendered":"Pertamina signs 35-year extension for Algeria oil and gas block"},"content":{"rendered":"

The MLN block has a capacity of 35,000 barrels of oil per day and also comprises 58 solar panels generating 1,141kWh per year.<\/strong><\/h4>\n
\n
<\/figcaption><\/figure>\n<\/div>\n

Indonesian Government-backed energy company Pertamina\u00a0has secured a long-term extension<\/a>\u00a0to its contract to develop the Menzel Ledjmet Nord (MLN) oil and gas block in Algeria.<\/p>\n

Under the 35-year contract, Pertamina will develop the MLN oil field in the Sahara Desert.<\/p>\n

The MLN block has a capacity of 35,000 barrels of oil per day and also comprises 58 solar panels generating 1,141 kilowatt-hours per year.<\/p>\n

<\/div>\n

PT Pertamina (Persero) president director Nicke Widyawati said the MLN block is one of the main contributors to Algeria\u2019s foreign oil production.<\/p>\n

Nicke said: \u201cAcquiring oil and gas blocks overseas with the concept of \u2018bring the barrel home\u2019 is a strategic step for Pertamina to maintain national energy security.\u201d<\/p>\n

This latest contract is an extension of a current one for the development of the field that the Indonesian company entered in 2014 following acquisition of the participating stake of US oil company\u00a0ConocoPhillips<\/a>, reported\u00a0Nikkei Asia<\/a>.<\/p>\n

In addition, the company has secured permission to build an LPG plant with a capacity of one million metric tonnes per year.<\/p>\n

\u201cWith this breakthrough, we hope to reduce LPG imports and strengthen Indonesia\u2019s trade balance,\u201d Nicke added.<\/p>\n

<\/div>\n

In February this year, the\u00a0Wall Street Journal<\/em>\u00a0reported that\u00a0Chevron<\/a>\u00a0was holding talks to sign a deal with Algeria<\/a>\u00a0to undertake gas exploration work as the North African country looks to replace gas supplies from Russia due to Western sanctions on Moscow.<\/p>\n

Source : https:\/\/www.offshore-technology.com\/news\/pertamina-extension-contract-algerian\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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