Friday, March 19, 2010
Russian oil giant begins drilling in Algeria
Gazprom said the onshore well marked the first such
effort in Algeria as well as the rest of Africa.
In a statement on March 15, Gazprom said the Algerian project was being
conducted in cooperation with the Algerian National Hydrocarbon Agency.
The company said the well, Rhourde Sayah-2, was one of four wells that would be
drilled in the El Assel region, which comprises more than 3,000 square
Executives said Rhourde Sayah-2 would be completed in June 2010.
They said the remaining three wells in El Assel, estimated to contain 300 million
barrels of oil or natural gas equivalent, would be drilled by early 2012.