The National Oil Corporation (NOC) has signed a Memorandum of Understanding (MoU) with the Algerian company Sonatrach to provide drilling and well intervention equipment, 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, which extends from July 29 to 31, 2024.
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.
Sonatrach also clarified that the technical committee formed by the two parties will study the possibility of cooperation between the branches of Sonatrach and the branches of the NOC in the fields of drilling, geophysics, well intervention, stimulation and construction.
A preparatory meeting was previously held remotely between the teams of Sonatrach and the NOC to form a supervisory committee and technical sub-committees concerned with each topic.
