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Sunday, September 6, 2015
Algeria is looking to increase its natural gas output by 13% over the next four years, according to the Ministry of Mines and Energy. The Ministry, in its in-house magazine Algeria Energy, said that investment in the sector aimed at increasing gas output should hit an estimated $40 billion.
“Natural gas production will increase by over 13% by 2019 to meet domestic demand and increase exports,” the Ministry said in the article.
While the article failed to give details on where the boost in natural gas production would be coming from, Algeria does have a gas project in development currently that will aid in the increase –Petroceltic International’s Ain Tsila development.
Petroceltic, Sonatrach, and Enel’s Ain Tsila plan of development envisages the production of gross reserves of 2.1 Tcf of sales gas, 67 million barrels of condensate, and 108 million barrels of LPG extracted from an annual average wet gas plateau rate of 355 Mmcf/d. Development drilling is due to start in Q4 2015. Up to 24 new wells will be drilled and six existing wells recompleted prior to first gas, expected in 2018, with a production plateau of 14 years maintained by further drilling.
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