Africa > North Africa > Algeria > Energy: Algeria, contracts for Schlumberger and Halliburton

Algeria: Energy: Algeria, contracts for Schlumberger and Halliburton

2012/09/18

 

 

Energy: Algeria, contracts for Schlumberger and Halliburton

Algerian energy giant Sonatrach announced it has signed four contracts with the French-US group Schlumberger and with HESP; an Algerian-American conglomerate including Halliburton; for test bores in hydrocarbon camps in Algeria.

The contracts are worth overall 573 million dollars. The contracts with Schlumberger total 341 million dollars while those with HESP (Halliburton Entreprise de services aux Puits) have a value of 232 million dollars.

HESP is a services company: 51% of its capital is owned by Algeria's Entreprise Nationale de Services aux Puits while the remaining 49% belongs to Halliburton. 

Related Articles
  • Data can fuel Africa's economic growth

    2016/11/30 Africa is home to some of the world’s fastest-growing economies and one of the majority promising regions for international investment . This increase could be accelerated by addressing a fixable problem: lack of good data. Reliable, accessible data plays a critical role in any economy. Investors require data before making decisions, and the additional complete and up-to-date the data, the better their willingness to invest. Data as well helps public officials make sound decisions that promote increase and innovation, and enables citizens to hold government and business accountable.
  • Pan African University Council Convenes in Second Ordinary Session

    2016/11/11 The Pan African University Council has concluded its Second Ordinary Session at the AUC Headquarters in Addis Ababa, Ethiopia. The Council is the highest governing body of the PAU, an African Union flagship programme established to address quality, relevance and excellence in accordance with the Aspiration 1 of Schedule 2063. The conference deliberated on a inventory of significant policy questions bordering on the implementation of a full-fledged university structure and network, inclunding budgetary, financial and administrative issues.
  • Africans View China’s Presence on the Continent as Positive

    2016/11/04 The majority of Africans are in favor of Chinese development on the continent, according to a new statement titled “China’s Growing Presence in Africa Wins Largely Positive Popular Reviews” by the Afrobarometer Research Network. “Almost two-thirds or 63 % of Africans say China’s influence in the continent is “somewhat” or “very” positive, while only 15 % see it as somewhat or very negative,” the statement states. Trade between Africa and China has increased from $10 billion in 2000 to $220 billion in 2014. In 2000, China established the Forum on China-Africa Co-operation to drive its strategic engagement with sub-Saharan Africa. Since again, the communist country has been the go-to world economic resource for African nations in need of products and services ranging from infrastructure and telecommunication development, to food outlets, retail shops, and textiles.
  • Revolutionizing health care systems through innovative digital technology

    2016/11/03 Africa is home to some of the world’s greatest digital innovations. From medical applications to inventions aimed at enabling the continent’s educational system, the continent is not just experiencing a digital revolution, but it’s as well solidifying its place as world leader in science and technology. The number of young people creating life-changing digital applications in Africa continues to grow. In Mozambique, counselors are using Short Message Services to spread awareness about HIV/AIDS, while in Nigeria a Do It Yourself generator that can produce six hours of power just from a liter of urine was invented by a group of 15-year-old girls. And in Zimbabwe, a 24-year-old engineering student has managed approaching up with a machine that turns plastic into diesel.
  • Algeria awards 4G licences to boost digital economy

    2016/11/03 In September Algeria’s government published an executive decree authorising deployment of 4G LTE services, a significant step in boosting internet penetration and data usage in the country’s telecoms sector. Iman Houda Feraoun, minister of post and ICT, told media in mid-September that the final concessions would be awarded shortly, with the launch of 4G services expected to take place in the fourth quarter of 2016. The decree follows the award of provisional 15-year 4G licenses to the country’s three mobile operators in May.