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Sonatrach to Drill 4 Wells in Ahnet, Illizi In 2014

Source: Algeria Times 7/5/2014, Location: Africa

Group Sonatrach plans to drill this year four-exploration wells of shale gas in the basins of Ahnet (south of In Salah) and Illizi, after the Council of Ministers authorized the state-owned oil group to conduct a programme of drilling 11 wells over a period of 7 to 13 years.

Indeed, Sonatrach plans to drill 117 wells by its own means in 2014, which four wells for the exploration of shale gas, the Group said.

The Council of Ministers had agreed in May the launch of the necessary procedures towards foreign partners.

The early indications suggest national "significant" capacity in gas and oil shale as well as "promising" prospects in terms of recoverable quantities.

In 2012, Sonatrach had already achieved the first shale gas drilling in Ahnet, an experimental well that allows to improve data on the unconventional gas reserves in this basin.

Besides Ahnet basin, Algeria possesses six other basins containing shale gas, according to a study by the U.S. Department of Energy (DoE) in collaboration with the U.S. “Advanced Resources International”, a consulting firm in hydrocarbons industries.

These basins are Mouydir, Berkin-Ghadames, Timimoun, Reggane and Tindouf containing technically recoverable reserves, said the study.

Sonatrach aims to renew oil and gas reserves of the country by mobilizing $ 102 billion of investment by 2018, 60% of which will be used primarily for the exploration and the production of hydrocarbons.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

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