ALGIERS — Algerian state energy firm
Sonatrach announced Monday the discovery of an “important” deposit of gas
condensate in the Hassi R’mel field in the Sahara desert.
اضافة اعلان
“Sonatrach announced today that it has identified a
significant potential of hydrocarbons ... at the level of the Hassi R’mel
exploitation perimeter,” a statement by the firm said.
The deposit is estimated to have between 100 and 340
billion cubic meters of gas condensate, the statement said.
“These volumes constitute one of the largest
revaluations of reserves in the last 20 years,” it added.
Sonatrach plans to start operating the field in
November, with production expected to reach 10 million cubic meters per day.
Algeria has proven natural gas reserves of about 2.4
trillion cubic meters and supplies Europe with about 11 percent of its gas imports.
Sonatrach said in February that it was prepared to
increase supplies to
Europe in the wake of Russia’s invasion of Ukraine.
In May, the Algerian firm signed a memorandum of
understanding with Italian giant Eni to boost gas exploration in the North African
country.
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