USD 88.2824

+0.47

EUR 96.2637

+0.48

Brent 83.98

+0.28

Natural gas 2.186

0

3926

Gazprom and Sonatrach will start development & construction of its El Assel field in 2025

In 2008, Gazprom won a hydrocarbon exploration and development bid, receiving a 49% stake in the joint project

Gazprom and Sonatrach will start development & construction of its El Assel field in 2025

Algiers, February 4 - Neftegaz.RU. Russian Gazprom and Algerian oil company Sonatrach announced the beginning of the construction and development phase at the El Assel gas field in eastern Algeria, with the gas production at the site expected to begin in 2025.

The companies have completed works on drilling 24 new wells in El Assel and built a gas processing plant.

The El Assel licensed area is located in the oil- and gas-bearing Berkine Basin, 500 km south of Algeria's capital city Algiers and 150 km away from the oil production center's town Hassi Messaoud.
It comprises 3 blocks with a total area of 3 250 sq. km.
The underlying geology is Triassic and Cambrian-Ordovician sandstone.

Gazprom and Sonatrach hold 49 and 51 % in the project, respectively.
Algeria's Sonatrach is the largest oil & gas company in Africa.

Algeria's proven natural gas reserves account for 4.5 trillion m3 (2nd-largest in Africa after Nigeria- 5.25 trillion m3 ).
The bulk of natural gas reserves are concentrated in the central and eastern parts of the country.
The country's proven oil reserves stand at 1.5 billion tons (3rd-largest in Africa after Libya and Nigeria).

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru