The National Oil Corporation (NOC) has signed a Memorandum of Understanding (MoU) with the Algerian Sonatrach Company to provide drilling and well intervention equipment, as well as maintenance and training services.
The MoU was signed by the CEO of the National Petroleum Works Corporation (ENTP) and his counterpart from the NOC branch specializing in drilling and well maintenance, during a visit to Algeria at the invitation of the General Directorate of Sonatrach.
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 Corporation in the fields of drilling, geophysics, well intervention, stimulation and construction.
Sonatrach indicated that the annex signed with the National Oil Corporation “strengthens the axes of the partnership 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.
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.
