Spanish:

Bolivia

Venezuela

Trinidad
&
Caribbean

Sonatrach finds new oil, gas reserves in Sahara

AFP
ALGIERS
Petroleumworld.com 05 11 06

Algeria's state-run oil and gas company Sonatrach said on Wednesday it had discovered new reserves of oil, gas and condensates in the Berkine basin of the Sahara desert.

Sonatrach said the area could produce -- per day -- 444,000 cubic metres of gas, 800 barrels of oil and 500 barrels of condensate.

"This confirms the important hydrocarbon potential of this part of the Berkine basin, which will continue to be thoroughly explored and delineated during 2006," the company said in a statement.

Sonatrach expects this year to drill 90 wells at a total cost of 1.2 billion dollars, the statement said. It plans to contribute 700 million dollars towards the scheme, with foreign partners expected to provide the rest.




AFP 05 10 06 2152 GMT

Copyright © 1994-2006 Agence France-Presse. All Rights Reserved.

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

Contact:editor@petroleumworld.com/phones:(58 412) 996 3730 or 952 5301
www.petroleumworld.com-Editor:Elio Ohep /Publisher-Producer:Elio Ohep.
Contact Email: editor@petroleumworld.com
Legal Information. CopyRight © 2002, Elio Ohep.- All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.