Africa

Algeria’s state oil company unveils six new oil and gas fields

Algeria's state oil company unveils six new oil and gas fields

12 Apr. (EUROPE PRESS) –

Algeria’s state oil company, Sonatrach, has announced that it has discovered six new oil and gas fields in the first quarter of the year that could yield more than 1.5 million cubic meters of gas.

Sonatrach has detailed in a statement published on its website that “two oil and gas fields have been discovered in the Amguid Mesaud basin” and has specified that “during the drilling of the BRM-1 and BMD-1 wells, flows of 5,699 barrels of oil per day and 170,461 cubic meters of gas per day in the first well and flows of 4,856 barrels of oil per day and 255,912 cubic meters of gas per day in the second”.

“These results confirm the significant oil and gas potential in the Tugurt region, located to the east of Hasi Mesaud,” he stressed, before stating that “129,048 cubic meters of gas have been obtained in two other wells in the Berkine basin. per day and 239 barrels of condensate per day, in a deposit, and 1,905 barrels of oil per day and 137,484 cubic meters of gas per day, in a second deposit”. “The second well, called SAISW-1, produced with flows of 3,117 barrels of oil per day and 219,336 cubic meters of gas per day,” he added.

On the other hand, it has stated that another gas field has been discovered in Ohanet, in the Ilizi basin, where “flows of 336,930 cubic meters of gas per day and 1,504 barrels of condensate per day” have been obtained. In Oued Mia, in Hasi Rmel, 453 barrels of oil per day and 168,312 cubic meters of gas per day have been obtained.

“These findings illustrate the relevance of the efforts made by Sonatrach in terms of exploration and renewal of hydrocarbon reserves and demonstrate the attractiveness of the mining sector in Algeria,” the company said.

The war in Ukraine has turned Algeria into the axis of European energy policy and has also led to agreements with the French company Engie, which joins the supply through Spain, although Algiers has already expressed its intention to turn its strategy to the detriment of Spain, which Algeria reproaches for its change to support the Moroccan autonomy plan for Western Sahara, since the Saharawi independentistas are allies of Algiers.

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