Eni, Sonatrach target Algerian shale gas

By OGJ editors
HOUSTON, May 4
-- Eni SPA and Algeria’s state-owned Sonatrach have signed a cooperation agreement for development of unconventional hydrocarbon resources, “with particular focus on shale gas,” according to an Eni press statement.

The companies provided no specifics, saying they will “jointly implement activities to assess the technical and commercial feasibility of exploration and operational initiatives in shale gas.”

A recent assessment by the US Energy Information Administration listed Algeria among countries in which shale-gas development is likely to emerge because of resource assessments exceeding 200 tcf (OGJ, Apr. 4, 2011, p. 22).

Eni, already active in Algeria, said it “confirms the significant shale gas reserves in Algeria which Eni and Sonatrach wish to explore and develop.”



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...