• Moeve has agreed to sell its entire interests in Rhourde el Khrouf, Bir el Msana and Ourhoud to Pertamina Algeria Eksplorasi Produksi, per Offshore Technology on 4 November 2026.
• Neither the price nor the stake percentages have been disclosed, so the production affected cannot be sized.
• Each asset transfer is subject to customary conditions, including approvals from the relevant Algerian authorities, so the sale is not yet closed.
• A Moeve release from 2018 pointed to a 75 percent Bir el Msana holding, while the new report calls all three stakes minority interests; neither report explains the gap.
• Moeve says it will leave exploration and production but keep looking at Algerian renewables, green hydrogen and cooperation with Sonatrach.

Moeve, the former Cepsa, has agreed to sell its entire interests in three non-operated onshore fields in Algeria's Berkine Basin to Pertamina Algeria Eksplorasi Produksi, according to Offshore Technology on 4 November 2026. The fields are Rhourde el Khrouf, Bir el Msana and Ourhoud. Price and stake sizes were not disclosed, and the sale still needs Algerian approvals.

What is being sold

Moeve is selling its minority, non-operated interests in the three fields through its affiliates Cepsa Algérie and Cepsa (Rhourde El Rouni), per Offshore Technology. The report describes Rhourde el Khrouf as a producing field in Block 406a, Ourhoud as a producing field across Blocks 404, 405a and 406a run by Organisation Ourhoud, and Bir el Msana as a Block 401c asset with four production wells, three water injection wells and one gas storage well. No production figures were given.

Why stake sizes are the missing number

The stake sizes are the decisive missing figure, and the public record does not settle them. Offshore Technology calls all three holdings minority interests, yet a Moeve release from its Cepsa era, headlined as a stake increase at Bir el Msana, points to a 75 percent holding there in 2018. Neither report says whether that share changed since, so the barrels moving between owners cannot be sized from the material available.

What the buyer already holds

The buyer is not new to Algeria. Offshore Technology says Pertamina Algeria Eksplorasi Produksi has managed Pertamina's upstream operations and investments there since 2014. Hart Energy reported that Pertamina's purchase of ConocoPhillips' Algerian business included a 3.7 percent non-operated stake in Ourhoud, among other holdings, so the Moeve sale could add to an existing Ourhoud position. Neither source gives the buyer's post-deal share, so any consolidation reading remains inference, not confirmed fact.

What Moeve says it keeps

Moeve says the sale means it will complete its exit from exploration and production, but not from Algeria. Offshore Technology reports that it intends to keep exploring Algerian opportunities in renewable energy, green hydrogen and derivatives, and is considering industrial, petrochemical, chemical and commercial cooperation with Sonatrach. The same article gives Moeve's ownership as 62 percent Mubadala Investment and 38 percent Carlyle Group. It reports no stated reason for the sale.

What to watch next

Three things will show how much this deal matters. First, whether the relevant Algerian authorities approve each transfer, since completion depends on it. Second, whether stake sizes or a price emerge. Third, whether the Reuters report, relayed by Offshore Technology and citing an undisclosed source, that Moeve will also divest its minority Timimoun gas stake is confirmed. Until then this is an agreement, not a closed sale. This is analysis, not advice.