42 International oil companies compete to explore Algeria’s hydrocarbon resources
The National Agency for the valorisation of hydrocarbon resources “oil†announced Monday on the second international auction for the licensing of research and exploitation of hydrocarbons in 12 new fields south of Algeria, according to the rules contained in the new hydrocarbons law 07-05.
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Ali Betata, president of the Executive Committee of the National Agency for the Valorisation of Fuel Resources said this auction would complete success of the first one, announced by Algeria one year ago; four international oil companies won it. Now they are exploring four fields south of Algeria out of 16 fields of the auction.
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“The agency provided all the technical data of the oil fields presented in the new auction and it gave them to the international oil companies”, he says.
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The presented era was divided to four fields including 10 eras for exploration and exploitation in the south-east and south-west, as well as the region of Ahant and Illizi.
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The south eastern area includes the basin of Omghaid Messaoud in Tougourt and Bir Erroman, Haasi Bir Rekiz, the western Tamsit and El Aricha, while the western area includes Reggan basin, Djbel Heiran and the western Hodna.
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42 international oil companies participated in the auction including the SONATRACH, Exxon Mobile Corporation, Petrofac, Repsol YPF, Andarco, ENI, Total, the National Company of Chinese Hydrocarbons, Shell, Amerada Hess Corp, British Petroleum, and Gas prom, which won the field of “El Assal” in the first auction, extending over an area of 3.5 square kilometres, while the Italian “Eni” won “Kerzaz” field which extends over 16 square kilometres, and the British oil company “British Gas” won “Karn Kessa” field over 12 km2.
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Mohamed Meziane, General Manager of SONATRACH said three parts of the areas before the competition is currently being exploited by Sonatrach. They will be transferred in part to the benefit of the agency, to unable Sonatrach to take advantage of the facilities offered by the law, particularly in partnership with foreigners.