Gulf Oil and Gas accountACCOUNT

Quadra Invited to Participate in Algerian International Licensing Round

Source: www.gulfoilandgas.com 12/12/2004, Location: Africa

CALGARY, ALBERTA- Quadra Resources Corp. is pleased to announce that it received an invitation from SONATRACH (the National Oil Company of the Republic of Algeria), to participate in the 6th International Licensing Round for Exploration of Hydrocarbons; which is being held by SONATRACH and the Ministry of Energy and Mines of Algeria, on 19 March 2005. The invitation process allowing companies the right to participate directly in this Licensing Round has now closed.

The representatives of the Corporation have visited Algiers during the past months, and are currently in country evaluating several Blocks..

Algeria is an important member of OPEC ("Organization for Petroleum Exporting Countries") and a founding member of GECF ("Gas Exporting Countries Forum"). Algeria has 11.3 GBO of proven oil reserves and its recoverable oil reserves may be as high as 43 GBO. Its daily production of liquids in 2003 averaged 1.86 million barrels. Algeria also has 160 TCF in proven natural gas reserves and its recoverable gas reserves may be as high as 282 TCF. Its current annual gas export is about 2 TCF. Algeria supplies 20% of the total natural gas consumption in western Europe, and it exports 90% of its oil production to Italy, Germany, France, Netherlands, Spain, Great Britain and the USA. The Algerian export grade crude oil, the Saharan Blend, is amongst the world's highest quality crude oils..

Michael Nugent, President states "We are very pleased to be invited to this licensing round and are hopeful that we can have equal success as was accomplished in Egypt earlier this year where the Company wassuccessful in securing rights to the 7,500,000 acre NUQRA Concession.".


Exploration News in Algeria >>

South Africa >>  1/20/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to provide an operational update on ...
Angola >>  1/16/2020 - Eni and Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year. Eni and Tota...

Lebanon >>  1/16/2020 - Lebanonís Ministry of Energy and Water and the Lebanese Petroleum Administration have announced an extension of the application deadline. Companies in...
Norway >>  1/16/2020 - PGS has GeoStreamer data library coverage over the 2019 APA license areas announced this week by NPD and plans for new acquisition projects in 2020 to...

Cameroon >>  1/15/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following operational update on its work o...
Australia >>  1/14/2020 - The Board of Metgasco Ltd has advised that the Vali-1 ST1 gas exploration well reached a TD of 3,217m measured depth in basement, on 10 January. As of...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.