The Spanish Repsol-Gas Natural consortium won on Wednesday the gas integrated project of Gassi Touil-Rhourde-Nouss, some 100 kilometres south of Hassi Messaoud. The investment in this project is estimated at US$ 3 to US$ 3.5 billion.
According to APS, the consortium proposed during the tender process, the lowest offer compared to the three other groups which are British Petroleum (BP), Total/Shell and Eni/Anadarko.
Gassi-Touil’s gas integrated project, which covers exploration, development, liquefaction and commercialisation activities, deals with the drilling of 52 development wells, the production sharing of 16 existing wells and surface installations achievement for treatment (LPG and condensate extraction) of 22 millions of m3/day of raw gas.
This project also includes the construction of new transport capacities of 6,5 billions of m3/year of gas and a new liquefaction plant of 4 millions tons per year.
This 30 year-project, with a development period of 54 months, is a production sharing contract. The project is to be implemented in 48 months and the beginning of production is planned for September 2009.
The project also constitutes "a further step" towards the exploration objective of 85 billions of m3 of natural gas in 2010 set by the Algerian authorities. (menareport.com)
