arabic French Oil and Gas

Non conventional gas: Sonatrach, BP and Equinor seal agreement

Non conventional gas: Sonatrach, BP and Equinor seal agreement

ALGIERS- The Sonatrach Group signed an agreement Monday in Algiers with the oil companies BP (United Kingdom) and Equinor (Norway), for the exploration and development of unconventional resources in the basins of southwestern Algeria, said the group in a statement.

This “important” agreement, signed on the sidelines of the work of the Algeria Future Energy Summit, “concretises the will of the parties to explore and develop the associated gas resources of the area of ​​interest on the basis of the results of the study carried out in 2013 by Sonatrach and BP “, according to the same source.

The program of research proposed by BP and Equinor, considered “promising” by Sonatrach, provides for a new 3D seismic acquisition and the drilling of several exploratory and appraisal wells. In the medium term, the development of this project will make it possible to replace gas production in existing deposits and extend the operating life of surface installations, the statement said.

 

Source: APS Monday, 29 October

 

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