Gazprom Wins Hydrocarbon Exploration, Development Tender in Algeria


Algeria, Africa
(Click to Enlarge)

On December 13, Gazprom was announced the winner of the hydrocarbon exploration and development tender for the onshore area El Assel located in the Berkine Basin of the People's Democratic Republic of Algeria.

The first open national and international tender for the hydrocarbon exploration and development was held by the National Agency for the Valorisation of Hydrocarbons Resources (ALNAFT). A total of 16 licensed areas were offered in the tender and more than 50 companies wished to participate.

Gazprom is planning to invest some US $120 million in the geological exploration as part of the project (2,500 km2 of 3D seismic data and drilling of four exploratory wells). Pursuant to provisional estimates the recoverable oil reserves in the El Assel area average 30 mln t.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Chloride Sales Manager
Expertise: Business Development|Customer Service|Sales
Location: The Woodlands, TX
 
Rigs Contract Specialist
Expertise: Contracts Administration
Location: Houston, TX
 
Regulatory Site Advisor
Expertise: Regulatory Compliance
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours