The Gazprom headquarters hosted today a working meeting among Alexey Miller, Chairman of the Company's Management Committee and Said Sahnoun, President and CEO of Algerian state-owned company Sonatrach. Other attendees were Valery Gulev, the Managing Director of Gazprom International, integrated Gazprom Company involved in international projects implementation, and Ali Hashed, Advisor to the Energy Minister of the People's Democratic Republic of Algeria.
The parties looked at the current status of and the outlook for cooperation in the gas sector, among other things, as part of the joint development of hydrocarbon fields in Algeria. It was highlighted that starting from 2010, a great scope of 2D and 3D seismic survey operations had been conducted and six exploratory wells had been drilled as part of the project for exploration and development of the El Assel oil- and gas-bearing area in Algeria. The well survey has proven the availability of hydrocarbons pay zones. At present, the delineation of deposits is underway at the field. The meeting also considered joint actions within new oil and gas projects, while giving particular attention to potential LNG supplies.
Since 2009, Gazprom International has been operating El Assel field exploration project in the eastern part of Algeria. The company’s share in the project is 49%, with Sonatrach, an Algerian state-owned oil company, owning 51%.
Algeria’s Sonatrach is the largest oil and gas company in Africa. It is engaged in exploration, transportation and marketing of oil and natural gas and is in control of most of gas production and wholesale trade.
The El Assel licensed area is located in the Berkine Basin, 500 kilometers south of Algeria’s capital city Algiers and 150 kilometers away from the oil production center – town Hassi Messaoud.
Based on proven natural gas reserves (~4.5 trillion cubic metres), Algeria ranks second in Africa after Nigeria (5.15 trillion cubic metres). Hydrocarbon reserves are mainly concentrated in the central and eastern parts of the country.
Photo: OAO Gazprom