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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

ABP orders Two Gottwald cranes

Terex Port Solutions (TPS) has received an order from Associated British Ports (ABP) for two electric Terex Gottwald Model 8 portal harbour cranes in the G HSK 8424 B four-rope grab variant.

POSH Bags Shell FLNG Contract

Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

Legal

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

Traffic Separation Schemes off Western Australia

On 1 December 2016 two new Traffic Separation Schemes (TSS) will come into effect off the south-west coast of Western Australia. Australia’s proposal to establish

Berthing Policy for Dry Bulk Cargo for Indian Ports Unveiled

Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

News

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

Blue Angels Resume Schedule

The U.S. Navy Blue Angels will return to its 2016 demonstration schedule July 2-4 in Traverse City, Mich., Commander, Naval Air Forces announced. The Blue Angels temporarily stood down,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1116 sec (9 req/sec)