STAVANGER, Norway -- Statoil and Shell have been awarded the Timissit Permit license in the Illizi-Ghadames basin onshore Algeria. The license is located in southeastern Algeria and covers an area of 2,730 sq km. Statoil bid in partnership with Shell, where Statoil will be the operator with 30% equity, Shell will hold 19% equity and the remaining 51% will be held by Sonatrach.
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