Algeria Awards First Offshore Drilling Job to CGG-Veritas, APS

France’s CGG-Veritas will carry out the first offshore drilling for oil in Algeria, the state-run APS news agency reported, citing the chief executive officer of the state-run Sonatrach.

“The first offshore drilling contract was awarded Sunday to the French CGC Veritas,” Abdelhamid Zerguine was cited as saying by APS today, adding that the French group would also carry out seismic studies.

Sonatrach had said in November it would undertake the offshore project alone if it could not find a suitable and experienced partner.

To contact the reporter on this story: Saleh Slimani via Cairo at sslimani2@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden in Dubai at barden@bloomberg.net

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