Norwegian oil and gas company Statoil will operate for the Hassi Mouina gas block in Algeria
Norwegian oil and gas company Statoil will operate for the Hassi Mouina gas block in Algeria, since the company has won the tender for it. The group gets a 75 percent share of the block. Sonatrach, Algerian national oil and gas company gets a 25 per cent share.
The block covers an area of 22,993 square kilometers of the Timimoun Basin. Sonatrach has already drilled one well in the block and made a gas discovery which Statoil will be allowed to develop.
The work program in the three-year mandatory exploration phase covers two wells and 400 kilometers of 2D-seismic.
Moreover, Statoil will agree with Sonatrach on an appraisal program for the discovery. The optional exploration phase is two years and covers one well and 100 kilometers of 2D-seismic.
