Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Gulf Keystone Transfer of Algeria Permit to BG Group Advances

Gulf Keystone Petroleum Ltd., a London-listed oil and natural gas explorer, said that the transfer of the company’s interest in the Hassi Ba Hamou permit in Algeria has advanced.

All required documentation has been executed and all government approvals obtained for the transfer of the right, title and interest for no consideration, Gulf Keystone said in a statement. The company is giving the interest to the BG Group Plc, the operator, and Sonatrach Group, Algeria’s state-run energy company.

Gulf Keystone is pulling out of the north African nation to focus on the Kurdistan region of Iraq, home to about 40 percent of the country’s 115 billion barrels of reserves. Gulf Keystone has announced the discovery of as much as 10 billion barrels of oil in the Shaikan field.

“We are pleased that with the HBH transfer we have made good progress towards achieving our goal of a gradual strategic exit from Algeria,” Gulf Keystone chief executive officer Todd Kozel said in the statement. “ We are firmly focused on our operations spanning four exploration blocks in the Kurdistan region of Iraq.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.