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  • Gazprom confirms productivity of hydrocarbon deposits for El Assel area in Algeria
    édité le 20/02/2015 - Plus de news de "GAZPROM" - Voir la fiche entreprise de "GAZPROM"


Gazprom confirms productivity of hydrocarbon deposits for El Assel area in Algeria
The Gazprom headquarters hosted a working meeting among Alexey Miller, Chairman of the Company's Management Committee, Said Sahnoun, President and CEO of Algerian state-owned company Sonatrach 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 the 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.

About Gazprom and Sonatrach in Algeria

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 as well as controls 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 of Hassi Messaoud. Gazprom is implementing the El Assel project in partnership with Algeria's Sonatrach with the following shareholding structure: 49 and 51 per cent respectively. Gazprom EP International (Company's wholly-owned subsidiary) is the project's operator.

About Gazprom

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.

Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 72 per cent respectively. Gazprom accounts for 14 and 74 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad.

Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 168 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.

About Sonatrach

Sonatrach is the largest oil and gas company in Algeria and Africa. The company operates in exploration, production, pipeline transportation and marketing of hydrocarbons and by products.
As part of a diversification strategy, Sonatrach stepped up investments in power generation, new and renewable energies, water desalination, and mining exploration and exploitation. The international strategy of the company includes operations in several parts of the world namely: in Africa (Mali, Niger, Libya, Egypt), in Europe (Spain, Italy, Portugal, Great Britain), in Latin America (Peru) and in the USA.
With a turnover nearing $56,1 billion in 2010, Sonatrach is ranked first company in Africa and 12th in the world. It is also 4th world LNG exporter, 3rd world LPG exporter and 5th World Natural gas exporter.


Origine : Communiqué GAZPROM

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