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CHAPTER TWO
Developments of Energy Resourrces
Bazma permit has entered the second exploration phase with the
fresh permit
’
s expiry being on 26/7/2015. Previous commitments
include drilling a shallow well to the Triassic. The Sud Tozeur permit
has been granted a special extension of one year and the permit expiry
was extended to 12/5/2014. The existing commitments are one- deep
well to the Cambrian/ Ordovician or 4,500 m and 200 sq km of
3D seismic data. The existing 2D seismic in both permits has been
reprocessed and a full re-interpretation was expected to commence
in early 2013
i
.
In
Algeria
, an authorization worth of $3 billion was granted to a
consortium composed of Repsol with a share of 29.23%, Sonatrach 40%,
RWE Dea 19.5% and Edison 11.25%, to develop the north gas fields
in Reggan Basin. The project covers the Reggane, Azrafil Southeast,
Kahlouche, South Kahlouche, Tiouliline and Sali Fields. The project
includes the construction of a gas treatment plant, a gas accumulation
system, a pipeline for export and a runway and electric systems.
Repsol expects start production in mid- 2016. Production will
span 25 years, and the consortium anticipates achieving a stable
production rate of 8 million cubic meters per day of gas during the
first 12 years
ii
.
In Q3 2012, Petroceltic International PLC announced that its plan
to developAinTsila Gas Field situated in the Illizi Basin ofAlgeria has
been approved by Sonatrach. In January 2012 Petroceltic submitted
the draft plan to Sonatrach for its consideration. The partners agreed
to a three- month extension until 24 July 2012. The extension was to
finalize the Declaration of Commerciality of Ain Tsila
iii
.
i
Energy Business Review, 6/11/2012
ii
Oil Voice, 16/2/2012
iii
Arab and International Energy Resources Monitor, year 32, 2012, No. 3.
