LE BRIEF

Algeria: Moeve agrees to sell its Berkine Basin oil interests to Pertamina

LE BRIEF • 2026-11-05

The agreement covers Rhourde el Khrouf, Bir el Msana and Ourhoud. Transfers remain subject to closing conditions and Algerian approvals; the Timimoun gas transaction is separate.

Original source : Original source

LE BRIEF — Thursday, 5 November 2026, enriched consolidated edition By the LE BRIEF newsroom Country or region : Algeria Source publication : 4 November 2026 Event : Agreement announced on 4 November; transfers not presented as completed Supplied photograph: oil facilities in a desert setting, proposed as an Ourhoud illustration. Exact identification and date are uncertified; it is not a photograph of the transaction. Photograph supplied to the newsroom; provenance and reproduction rights are undocumented. Moeve is continuing to reorganise its energy portfolio. On 4 November, the Spanish group, formerly Cepsa, announced an agreement to sell its interests in three onshore fields in Algeria's Berkine Basin to a Pertamina subsidiary. The official scope comprises Rhourde el Khrouf, Bir el Msana and Ourhoud. These are the relevant Moeve subsidiaries' non-operated interests, not the sale of the entire fields or Algeria's petroleum resources. Transfers require Algerian authorisation The named buyer is PT Pertamina Algeria Eksplorasi Produksi, part of the Indonesian state group's international operations. Completion of each transfer remains subject to customary conditions, including approvals from the relevant Algerian authorities. Financial terms were not made public in the information reviewed. The announcement does not establish immediate changes to production volumes, facility op...