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  • Repsol makes new gas discovery in Algeria
    édité le 20/04/2015 - Plus de news de "REPSOL" - Voir la fiche entreprise de "REPSOL"


Repsol makes new gas discovery in Algeria
Repsol has made its third gas discovery in the Illizi basin, in the southeast of Algeria. The discovery in Tan Emellel Sud-Ouest-2 (TESO-2) exploration well in the Sud-Est Illizi block is the continuation of an already very successful exploration campaign in the high-potential area.

Repsol is the operator of the consortium with a 52.5% stake in partnership with Enel (27.5%) and GDF-SUEZ (20%). Sonatrach will hold a 51% stake in the development and production phases, with the existing members maintaining their existing proportions in the remaining 49%.

The gas discovery was made at a depth of 1,307 metres (4,288 feet) and well testing delivered a gas flow rate of 175,000 cubic metres per day (m³/day) and 90 barrels per day (bbl/d) of condensate with a 32/64” choke.

Repsol aims to drill at least four more additional wells in order to appraise the previous discoveries within the Sud-Est Illizi block.

About Repsol in Algeria

Repsol is present in Algeria since 1973. Repsol has progressively increased its presence in Algeria through active participation in successive exploration bidding rounds that have taken place in recent years.

Currently, Repsol’s activities in Algeria comprise one producing project (Tin Fouyé Tabankort), one development project (Reggane Nord) and two exploration perimeters, Sud-Est Illizi awarded in December 2009 and Boughezoul awarded in October 2014.

Repsol currently produces approximately 8,000 barrels of oil equivalent per day in the country.

About Repsol

Repsol is an integrated global energy company with vast sector experience. It carries out Upstream and Downstream activities throughout the entire world.
Repsol has great experience in offshore exploration. The company’s reserve replacement ratio (the amount of reserves added by the company compared to the production) was 204% in 2012 and 275% in 2013, among the highest in the industry.

About GDF SUEZ

GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services. GDF SUEZ employs 152,900 people worldwide and achieved revenues of EUR 74.7 billion in 2014. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Euronext Vigeo Eurozone 120, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.

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 REPSOL

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