Moeve to sell stakes in three Algerian oil fields to Pertamina
Moeve has agreed to sell its entire interests in three non-operated onshore hydrocarbon fields in Algeria’s Berkine Basin to PAEP.
Spanish energy company Moeve has agreed to sell its entire interests in three non-operated onshore hydrocarbon fields in Algeria’s Berkine Basin to Pertamina Algeria Eksplorasi Produksi (PAEP).
The proposed sale covers the company’s minority interests in the Rhourde el Khrouf, Bir el Msana and Ourhoud fields.
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Moeve entered the agreement through its wholly controlled affiliates Cepsa Algérie and Cepsa (Rhourde El Rouni). The financial terms of the deal were not disclosed.
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