Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Gazprom Discovers Commercial Gas in Algeria

Source: Reuters 11/3/2010, Location: Africa

Share |

Gazprom International has made its first commercial gas discovery on the African continent in Algeria and is scanning other countries in search of opportunities, a senior official said on Wednesday.

Boris Ivanov, head of the international arm of the Russian gas export monopoly, said the discovery was Gazprom's first commercial gas find outside of Russia.

"We have an excellent well. We tested it on the 30th of October," he told reporters on the sidelines of an African oil conference.

"It was 75,000 cubic meters of gas per day and 420 barrels per day of associated liquids," he said. Gazprom is the operator of the project in partnership with Algeria's state-owned Sonatrach. Gazprom holds 49 percent, while Sonatrach owns the other 51 percent.

The El Assel license area where the first prospecting well, Rhourde Sayah-2, is located, lies in the oil- and gas-bearing Berkine Basin and is comprised of three blocks spanning over 3,250 square km, according to Gazprom's website.

Ivanov said Gazprom was also looking at partnering with an indigenous company in Nigeria to buy one of the oil assets owned by Royal Dutch Shell.

"We met Shell. We are investigating the issue right now, looking into the available data in cooperation with this partner and Shell," he said.

"Nothing has been agreed on, but we are interested."

Gazprom is also looking at opportunities across Africa, including in east Africa and Libya.

"We are interested in a lot of places. We are scanning for specific opportunities, and rather actively," he said. Gazprom is also involved in developing the Kudu gas field in Namibia, which will lead to the construction of a 800 MW gas-to-power plant to supply electricity to both Namibia and South Africa.

Exploration News in Algeria >>

Sonatrach Makes 18 Hydrocarbon Finds in 2014
  Algeria >>  9/2/2014 - Thirteen finds were made during the six first months of 2014, seven of which are relating to oil and six to gas, in the basins of Berkine, Illizi, and...
Oil and Gas Exploration in the Northwestern Coast
  Egypt >>  9/1/2014 - Three international companies won the international tender raised by the Egyptian Natural Gas Holding Co. (EGAS) last month. This tender is to conduct...

Algeria Delays Oil Bids to September 30
  Algeria >>  8/28/2014 - Algeria has accepted a request by foreign energy companies to push back the opening of bids for its new oil and gas round to the end of September, the...
Ivanhoe Energy to Terminate Ecuador Contract
  Ecuador >>  8/26/2014 - Petroamazonas oil company is in the process of terminating a contract with Canada's Ivanhoe Energy, officials said. Ivanhoe has held a 30-year oil exp...

Shell Announces Marjoram-1 Gas Discovery in Malaysia
  Malaysia >>  8/26/2014 - Shell announces further exploration success in Malaysia with another gas discovery at the Shell-operated deep-water Marjoram-1 well. ...
Circle Oil Finds Discovery on EMD-1 Well
  Tunisia >>  8/26/2014 - Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to announce the preliminary...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

Oil & Gas Projects in Algeria >>

Oil & Gas Companies in Algeria >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO TD TN TZ UG ZA ZM
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us