GDF Suez Awards Algerian Touat Field Contract to Spain's Tecnicas Reunidas
PARIS, Aug 8 (Reuters) – French utility GDF Suez and Algerian state energy group Sonatrach said on Thursday they had awarded an engineering contract to Spanish company Tecnicas Reunidas for the development of the Touat field in southwestern Algeria.
Production at the much-delayed Touat field, with reserves estimated at 445 million barrels of petrol equivalent, is scheduled to start in late 2016. The project will produce 4.5 billion cubic metres of gas annually and 630,000 barrels of condensate, GDF said in a statement.
The statement did not disclose the value of the contract awarded to the Spanish company, which consists mainly in the construction of an industrial natural gas treatment plant and collection system.
(Reporting by Christian Plumb, writing by Michel Rose; editing by Gus Trompiz)
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