Major oil and gas field discovered in Algeria

By : Dr. Franyi Sarmiento, Ph.D., Inspenet, March 23, 2022

The Algerian state oil company Sonatrach and its Italian partner Eni announced the discovery of an “important” deposit in the Berkine basin, southeast of Algeria. Preliminary estimates suggest the size of the reserve is equivalent to 140 million barrels of crude, Eni said in a statement.

“During the production test, the well delivered 7,000 barrels of oil per day and 5 million standard cubic feet per day of associated gas,” the Algerian-Italian partnership Sonatrach-Eni recently reported.

The finding is part of the exploration works in the Zemlet el Arbi concession, located about 300 kilometers southeast of the municipality of Hassi Messaoud, near the border with Tunisia.

“This is the first well in an exploration campaign that plans to drill five in the northern region of the Berkine basin,” Sonatrach stressed.

The well is located in a “net productive zone with excellent petrophysical characteristics”, 15 kilometers from the refinery associated with the project.

With studies, analyses, and through a ‘fast-track’ development mechanism, the Sonatrach-Eni partnership plans to “accelerate” the production phase, whose start-up is scheduled for the third quarter of 2022. At the same time, the possibility of drilling a second well next month is already being evaluated.

“The results of this well confirm the oil potential of the Zemlet el Arbi perimeter and allow Sonatrach and Eni to successfully continue their near-field exploration strategy to guarantee the rapid development of these new resources,” concludes the Algerian state-owned company.

Source RT news in Spanish :