ADNA, a prominent legal firm, provided advisory services to Pertamina, the Indonesian state oil company, in their recent collaboration with Sonatrach Group and Repsol in Algeria. The collaboration involved the signing of a production-sharing contract governed by Algeria’s new hydrocarbons law for the development of an oil field. Pertamina, operating through its subsidiary PT Pertamina Internasional EP (PIEP), entered into the contract alongside Sonatrach and Repsol Exploracion 405A, a subsidiary of Spanish energy company Repsol.
The production sharing contract focuses on the Menzel Lejmat Nord perimeter (block 405a) and builds upon an existing partnership in the region. Pertamina’s involvement in the project dates back to 2014 when it acquired ConocoPhillips Algeria’s interest.
The project encompasses various components, including plans for drilling 12 oil wells, constructing a liquefied petroleum gas extraction plant, and implementing a solar energy project. The estimated investment for the entire venture exceeds USD 800 million.
Algeria’s new hydrocarbons law has sparked significant interest from major international oil and gas companies, further highlighting the growing attraction towards investment opportunities in the country.
The ADNA team was led by founding partner Algeria Foued Bourabiat (pictured) and associate Fayçal Zedek (Algeria).
De Brauw Blackstone Westbroek acted as international counsel to Pertamina.