State oil and gas firm Pertamina and Sonatrach signed Memorandum of Understanding (MoU) on oil and gas block in Algeria. The two companies will cooperate to produce oil and gas a number of blocks in Algeria. This new agreement, will give an opportunity for Pertamina to explore new oil and gas potential in Algeria, includes the development of existing assets as well as the development of new assets with potential production of up to 30,000 barrels per day with a total reserve of more than 100 million barrels of oil (MMBO).
