Algeria Plans Incentives For Unconventional O&G

PARIS - Algeria plans to offer incentives for the exploration of unconventional hydrocarbons under a current proposal, an oil-ministry adviser said Thursday.

Speaking at a Paris energy conference, Ali Hached, an adviser to Algeria's oil minister Youcef Yousfi, said that for non-conventional, "there will be incentives, tax and others."

He cited tight gas--stuck in a very tight, impermeable formations--and shale gas--which is trapped in porous rock structures.

He said the incentives were part of a proposed amendment to Algeria's hydrocarbons law which is still being examined by the government.

Hached said the amendement would offer improved terms for future contracts be they conventional or unconventional. It would be "in proportion of the difficulty" of each acreage, Hached said. 

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Specialist
Expertise: Contracts Administration|Contracts Engineer
Location: New Jersey, United States, NJ
 
Operations Manager - Fabrication and Field Crew
Expertise: Construction Manager|Logistics Management|Materials Management
Location: Houston, TX
 
Right of Way (ROW) Engineers
Expertise: Landman|Lease Analyst|Planner / Scheduler
Location: 78232, TX
 
search for more jobs

Brent Crude Oil : $33.88/BBL 0.52%
Light Crude Oil : $29.69/BBL 3.88%
Natural Gas : $2.14/MMBtu 3.88%
Updated in last 24 hours