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ALGERIA- Algerian state-owned energy firm Sonatrach announced, on Monday, the discovery of an important deposit of gas condensate in the Hassi R’mel field in the Sahara desert.
“Sonatrach announced 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 metres 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 metres per day.
dzbreaking.com
