Sonatrach-Alnaft-Total-Cepsa ink concession agreement on gas project in Timimoun
APS : WEDNESDAY 13 DECEMBER 2017
ALGIERS- The national hydrocarbon company SONATRACH, the National Agency for Hydrocarbon Resources Development ((ALNAFT), the French group Total and the Spanish energy firm Cepsa have signed, Wednesday in Algiers,
a concession agreement confirming the new contractual framework for the development of a gas project in Timimoun (southwest).
In addition, the four partners in the project signed an agreement on the marketing of gas extracted from this field.
The documents were inked by the CEO of Sonatrach, Abdelmoumen Ould Kaddour, CEO of Anaft Arezki Hocini and CEO of Patrick Pouyanne as well as the Director of Cepsa-Algeria, Claver Rodrigo Francisco Javier.
Timimoun gas project is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%).
The extraction volume of the gas field, whose exploitation is due to begin in April 2018, is expected to reach 5 million cubic metres per day.
In September, CEO of SONATRACH Abdelmoumen Ould Kaddour announed that three new gas fields are due to be commissioned in the first months of 2018.
These three gas fields are located in Timimoun, Reggane and Touat, he added.
The commissioning of these new gas fields is in line with Sonatrach group’s strategy aiming at increasing gas production and the capacities of other fields, especially that of Hassi Messaoud.
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