France’s TotalEnergies has become the latest firm to secure new and improved upstream terms in Algeria.

“Sonatrach and TotalEnergies have agreed to convert the production contracts for the Tin Fouyé Tabankort II (TFT II) and Tin Fouyé Tabankort Sud (TFT sud) fields in southern Algeria (Sonatrach 51%, TotalEnergies 49%) to the framework established by the new Algerian Petroleum Law enacted on December 11, 2019,” the French major says. (CONTINUED - 1462 WORDS)