Date: 10 months ago   Category: Energy

Gazprom has to make till October the decision on development of two oil fields in Algeria — Rambler News Service


Gazprom has to make till October, 2018 the decision on expediency of further development of two oil fields in Algeria - "Zemle Er-Rekkeb" (Zemlet Er Rekkeb, ZER) and "Northern Zemle Ayr-Rekkeb" (Zemlet Er Rekkeb Nord, ZERN), the managing director of Gazprom International Andrei Fick has said in an interview to the corporate Gazprom magazine. "The decision concerning further steps on the project on fields of ZER and ZERN has to be accepted till October of the current year when the delay coordinated by the Algerian national agency on investigation of the hydrocarbonic ALNAFT resources at the Ministry of Energy of Algeria in filing of application about the commercial importance and the plan of development expires" — Fick has noted. He has explained that in case of achievement with the Algerian side of the arrangement on measures of improvement of economic indicators of the project Gazprom will suggest the Algerian state company Sonatrach to execute in common additional appraisal drilling on ZER field – before making decision on transition to a development stage. In this case input of the field in operation is possible by 2025, and the level of annual oil production on "shelf" will be about 377 thousand tons. Fick has added that rather gas-condensate fields of Rurd-Sai (Rhourde Sayah, RSH) and "Northern Rurd-Sai" (Rhourde Sayah Nord, RSHN) in 2016 by the ALNAFT agency has coordinated the deduction mode for a period of three years, till June, 2019, for permission of the questions of realization of gas, joint with Sonatrach, which aren't established by the contract. Therefore input of RSH and RSHN in operation depends on the accepted option of development and achievement of the arrangement with the partner under the terms of gas sale. By assessment today, commissioning is possible in 2023-2024, the level of annual gas production on "shelf" which will be reached previously by fourth year of production, will make about 380 million cubic meters a year. Gazprom International since 2009 realizes the project on investigation and development of hydrocarbons on the site El-Assel in the east of Algeria. The company participates in the project with a share of 49%, Sonatrach owns a 51% share in the project. The geological exploration stage on the site El-Assel has come to the end in June, 2016. Now Gazprom studies technical and economic components of the project regarding achievement of profitability. In case of the successful end of negotiations the decision on transition to a stage of development and the beginning of extraction of hydrocarbons on the fields found by the company – oil "Zemle Er-Rekkeb" (Zemlet Er Rekkeb, ZER) and "Northern Zemle Ayr-Rekkeb" (Zemlet Er Rekkeb Nord, ZERN) and also gas-condensate Rurd-Sai (Rhourde Sayah, RSH) and "Northern Rurd-Sai" has to be made (Rhourde Sayah Nord, RSHN).

URL:

The bill of introduction of tax deduction for sports activities is in a final stage and prepares for entering into the government, there are small disagreements with the Ministry of Sports, the head of department of tax and customs policy Alexey Sazanov told journalists. "There are small disagreements with the Ministry of Sports, but it already in...


The Georgian expert in economy Soso Archvadze estimated losses of Georgia because of "the Russian policy" for the last 30 years at $400 billion, reported the Georgia Online portal. "The damage which was suffered by Georgia because of the Russian policy from the date of restoration of independence till today is estimated within nearly 400 billion do...


The President of Russia Vladimir Putin signed the law on the ban of no-draw lotteries on the Internet, the Kremlin press service reported. "The ban on distribution of lottery tickets of no-draw lotteries with use of information and telecommunication networks and also with use of lottery terminals is established by the federal law" — it is said in t...


Photo: globallookpress.com/Komsomolskaya Pravda "Yandex" directed FULL FACE the petition for purchase of assets of the aggregator of the Vezet taxi, RNS in the press service "reported Yandex. Taxi". "We sent documents to Federal Antimonopoly Service of the Russian Federation. The petition was directed on Wednesday July 17" — RNS in the press servic...


The price of Brent crude oil fell lower than $62 for barrel, data of the Intercontinental exchange (ICE) demonstrate. As of 18:58 Moscow time cost of September futures for Brent oil made $61.84 for barrel. The cost of August futures for WTI crude oil fell up to $55.07 for barrel.


The President of Russia Vladimir Putin signed the law on amendments to the federal budget of 2019 and planning period of 2020 and 2021. The document is published on the official portal of legal information. According to these amendments, the surplus of the budget will be reduced in 2019 more than by 50.8 billion rubles — from 1.932 trillion rubles...