On May 26, the regular twenty-fifth meeting of the Operating Committee of the El Assel project took place at the Algerian branch office of Gazprom International, Gazprom’s specialized enterprise for implementation of international upstream projects. It was the last meeting within the framework of the exploration phase.
The meeting was attended by representatives of the project participants – Algerian State Oil and Gas Corporation Sonatrach and Gazprom International, which is acting as the operator during the exploration phase.
During the meeting the parties discussed the results of the exploration phase and the results of preparation of development plans of Zemlet Er-Rekkeb, Zemlet Er-Rekkeb North, Rhourde Sayah and Rhourde Sayah North fields. In addition, the parties approved the 2016 budget of the Sonatrach / Gazprom Association.
It was noted that over the exploration phase a large volume of 2D and 3D seismic data acquisition was carried out at the El Assel Perimeter; the information acquired as well as the seismic data gathered over the previous years was processed and interpreted; nine exploration and delineation wells were built.
During the exploration phase, three new fields were discovered as the result of drilling the RSH-2, ZERN-1 and RSHN-1 exploration wells. There is also a previously discovered field in the area – Zemlet Er-Rekkeb.
In 2016, the drilling and testing of the last delineation well RSH-3 were completed as part of the exploration phase. In addition, a 3D seismic acquisition in the volume of 350 km2 at the Rhourde Sayah North field was carried out and evaluation reports for the discovered fields as well as field development plans were prepared.
Since 2009, Gazprom International has been working in Algeria on the project for exploration and development of hydrocarbons at the El Assel perimeter in the Eastern part of the country. The company has a 49% share in the project. A 51% share belongs to the Algerian State Oil and Gas Corporation Sonatrach.
Algeria (4.58 tn m3) is rated second in Africa in terms of natural gas reserves after Nigeria (5.15 tn m3). The hydrocarbon reserves are mainly concentrated in the central and Eastern parts of the country.