Algerian and US Oil Companies Explore Cooperation in Berkine Basin
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On October 16, 2026, Sonatrach and Occidental Petroleum explored opportunities to enhance their collaboration in the Berkine Basin, Algeria. The discussions focused on developing unconventional resources and employing innovative technologies to improve oil extraction.
The meeting took place in Houston, Texas, during a working visit by a Sonatrach delegation to the United States from October 12 to 16. The delegation was led by Sonatrach's CEO, Noureddine Daouadi, who met with Occidental Petroleum's CEO, Richard Jackson, along with other officials from both companies.
The talks centered on potential technical cooperation, including the development of unconventional resources and the application of advanced technologies to boost oil recovery in the Berkine Basin. The basin, located in eastern Algeria, is a significant oil and gas producing region.
Both companies acknowledged the importance of their existing partnership and expressed interest in further strengthening it. They highlighted the potential for joint efforts in exploring and developing the basin's resources, as well as the benefits of sharing technical expertise and innovative technologies.
Sonatrach, Algeria's state-owned oil and gas company, has been actively seeking to expand its partnerships and investments, both domestically and internationally. The company has been focusing on enhancing its production capabilities and exploring new opportunities for growth. Occidental Petroleum, a major American oil and gas company, has been increasing its presence in Algeria and other international markets.
This meeting comes at a time when both companies are looking to diversify their portfolios and explore new opportunities for growth. The discussions reflect a broader trend in the oil and gas industry, where companies are increasingly seeking partnerships to share risks and resources, and to leverage each other's strengths.
Context/Background: The Berkine Basin is a critical region for Algeria's oil and gas industry, accounting for a significant portion of the country's hydrocarbon production. Enhancing cooperation in this basin could have substantial implications for Algeria's energy sector, contributing to economic growth and energy security. For Occidental Petroleum, expanding its presence in Algeria aligns with its global strategy to increase production and diversify its asset base. The partnership between Sonatrach and Occidental Petroleum is part of a broader effort to foster international collaboration in the energy sector, which is crucial for addressing global energy challenges and promoting sustainable development.
