One-Page Deal Sheet
Algerian State Oil Pre-Empts Petroceltic JV Sale
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Petroceltic International plc , the independent oil and gas exploration company focussed on the Middle East, North Africa, Mediterranean and Black Sea regions, is pleased to announce the agreed sale of an 18.375% interest in the Isarene Production Sharing Contract, which includes the world class Ain Tsila gas condensate discovery, onshore Algeria, to Sonatrach, the Algerian National Company for Hydrocarbons.
The assignment has been effected by way of a sale and purchase agreement, under which Sonatrach will acquire an 18.375% interest in the Isarene PSC covering…
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