The company expects it and partners Sonatrach and Enel will secure a 30-year exploration licence at the Isarene concession field in about two months’ time, chief executive Brian O’Cathain told Upstream.
O’Cathain said that unlike farmouts which can be subject to approval delays, Algerian regulator Alnaft is required to make a decision within 60 days on a declaration of commerciality, subject to clarifications.
“The
