Algerian Reggane Nord Gas Project entering execution phase

By Joseph R. Fonseca
Sunday, May 18, 2014
Reggane Nord gas project

 

A project consortium that includes RWE Dea has signed a major contract for the construction of a natural gas processing plant and infrastructure in the Algerian Sahara for the Reggane Nord project. The contract is valued at US$976 million and represents an important step forward for the project.

Representatives of the Groupement Reggane of which RWE Dea is a partner signed the contract to construct the natural gas processing facilities and corresponding infrastructure including the gathering network and export pipeline on Thursday. The USDollar976 million contract was awarded to Petrofac International (UAE) LLC and stipulates completion of the facilities within 36 months.

After completion the plant will be operated with a gas troughput capacity of around 283 million cubic feet per day.

The Groupement Reggane partners are RWE Dea AG with its 19.5%-share, the Algerian enterprise Sonatrach (40%), Repsol from Spain (29.25%), and Edison from Italy (11.25%).

"With the construction start of these facilities, we've achieved a very important milestone in this development project. We are pleased to be moving this project forward into the execution phase," remarked Christoph Schlichter, Senior Vice President Production North Africa of RWE Dea AG. "We are concurrently driving ahead all project activities for start of production, which is scheduled for summer 2017."

A total of 26 development wells are planned to be completed during the first drilling campaign. The Groupement already awarded the rig contract in March this year to secure the necessary rig capacity for drilling and completion.

A successful 3D seismic campaign was also completed in the concession area in April this year. The seismic covered an area of 1,450 square kilometres. The acquired data, which is currently being processed and interpreted, will complement the extensive information already collected on previous seismic campaigns and enhance the detail and quality of information about subsurface structures of the various reservoirs.

“The project’s expected reserves will make a significant contribution to the growth of RWE Dea’s gas production in the years to come,” said Dirk Warzecha, Chief Operating Officer of RWE Dea AG.In 2002, RWE Dea started exploration activites in the concession area Reggane Nord together with partners Sonatrach, Repsol (operator) and Edison with corresponding gas discoveries. Capital expenditures will total approximately USDollar3 billion for the development project. The production phase of the project is expected to span more than 25 years.
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Peru Grants Permit for Chinese-owned Mine

The government has granted Chinese-owned Jinzhao Mining Peru the environmental permit for its proposed $1.5 billion Pampa de Pongo iron mine, estimated to produce 22.

Finance

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

LNG

Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural

Maran Orders 4 LNGCs from DSME

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas.   The four LNGCs

Tepco, Chubu Buying 6 LNG cargoes from Vitol

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender,

News

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3781 sec (3 req/sec)