Algiers, March 14 -- A joint oil exploration and extraction project in Algeria, involving Vietnam's Petrovietnam Exploration Production Corporation (PVEP), Algeria's state-owned Sonatrach, and Thailand's PTTEP, has entered its second phase, building on a track record of success. The project, managed by Groupment Bir Seba (GBRS) - a company formed by the three partners under a production-sharing contract, features an ownership split of 40% for PVEP, 35% for PTTEP, and 25% for Sonatrach. From March 9-12, Vietnamese Ambassador to Algeria Tran Quoc Khanh led a delegation to the site, discussing with GBRS's General Director, Vietnamese staff, and local officials to size up progress and plot next steps.

The project stands as the most successfu...