Pertamina Acquires Stakes in Three Algerian Oil Fields as Indonesia Expands Upstream Footprint
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The Arab Post
- . November 5, 2026
- . Update: November 5, 2026 7:42 pm
A significant change in the North African energy industry, the Indonesian State-owned energy company has acquired a large expansion in North Africa. Pertamina acquires Algerian oil fields, The company, called PT Pertamina Algeria Eksplorasi Produksi (PAEP), is a dedicated subsidiary of Pertamina Internasional EP, who has agreed to buy all its petroleum interests from Spain’s Moeve.
The big deal includes non-operated working stakes across three big onshore production fields—Rhourde el Khrouf, Bir el Msana and Ourhoud oil fields. All three assets are strategically located in the very productive Berkine Basin.
It is considered to be a significant step for Indonesia Pertamina Algeria activities, as they have been active in the upstream of the country since 2014. Financial conditions of the deal have been kept confidential on both sides of the ‘corporate deal.
Restructuring Assets in the Berkine Basin – Pertamina acquires Algerian oil fields
This sale is a point on the continuum of the company’s evolution for the seller. Majorly owned by Abu Dhabi’s Mubadala Investment Company, Moeve (previously Cepsa) is fast closing its old upstream oil and gas portfolio.
The company is shifting its investment to a multi-billion-euro transition plan that is exclusively dedicated to the green hydrogen, biofuels and the infrastructure for low carbon. However, Moeve confirmed that it will still make local investments in projects for renewable energy and green chemistry in Algeria, said Moene.
These transfer of core production assets are governed by the typical closing conditions. Most crucially, the final execution needs to be approved and cleared by state hydrocarbon company Sonatrach and the Algerian government.
Oil & Gas Middle east regional economic reports noted a smooth regulatory process that would be expected to move forward given Pertamina’s experience in operations in the region.
Strengthening Algerian Energy Sector Investment
The successful absorption of these overcome mature and productive fields is in perfect harmony with Indonesia’s national plan for acquiring foreign equity oil in Jakarta. The return of these barrels to domestic refineries ensures the region’s biggest economy’s energy security in the long run.
The Berkine Basin oil production network is famous for its quality crude and infrastructure of pipelines. Pertamina instantly expands its daily production base for international production, without exploration risk, by controlling Moeve’s stake in Rhourde el Khrouf, Ourhoud and Rhourde el Msana.
International companies are still seeing a good outlook in Algeria’s changing legal landscape, Offshore Energy reports. Investment laws in the country have recently been revised in order to simplify investment procedures, allowing foreign state companies to have a wider presence.
In the end, with Moeve’s sale of Algerian oil assets to put out the final fires of the fossil fuel industry, Pertamina’s bold gamble has highlighted the long-term importance of North African hydrocarbons. The deal across continents reinforces the emerging status of Indonesia as one of the key players of the investment landscape in the Algerian energy sector.
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