Petroceltic Appoints Director for Algerian Wet Gas Project

North Africa and Middle East-focused Petroceltic International announced Tuesday that it has appointed a new project director for its Ain Tsila wet gas development in Algeria.

Petroceltic said its new director, Geoff Stevenson, has more than 25 years experience of project management on major oil and gas developments in Europe, North Africa, North America, the Middle East and the Far East. He previously worked for Hess Corporation, where he was recently the deliver manager for topsides on the $3 billion Valhall Redevelopment Project in Norway.

The firm said that its Ain Tsila project, which entered its 30-year development period in December, will involve the production of gross reserves of 2.1 trillion cubic feet of gas, 67 million barrels of condensate and 108 million barrels of liquefied petroleum gas. Development planning will begin in 2013 and first gas is scheduled for late 2017.



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