Petroleum Africa
Find us on: 
Friday, October 3, 2014
Dragon Oil confirmed that it, partnered with Enel Trade, was one of the winners in Algeria’s latest licensing round. The Dragon/Enel partnership won access to two blocks, the Tinrhert Nord and the Msari Akabli.
Dragon will hold a 70% participating interest and operatorship in the Tinrhert Nord which is located in the Illizi Basin in eastern Algeria and Enel will hold the remaining 30%. The total area of the perimeter is 2,907 sq km and a number of undeveloped discoveries have been previously identified within. The commitment during the exploration period includes acquisition and interpretation of 2D seismic data and drilling four wells.
On the Msari Akabli Dragon will hold a 30% participating interest, with Enel holding 70% and operatorship. The block is located in the Ahnet Basin of southwestern Algeria and covers a total area of 8,096 sq km. Dragon said a number of undeveloped discoveries have been previously identified on the perimeter. The commitment during the exploration period includes acquisition and interpretation of 3D seismic data and drilling three wells.
Dragon expects the contract for the blocks to be signed by the end of October.
Dr Abdul Jaleel Al Khalifa, CEO of Dragon, said: “I am pleased to report that Dragon Oil in partnership with Enel, a major European company, has been successful in bidding for two exploration blocks in the 4th bid round in Algeria. This achievement represents a strategic move for Dragon Oil to establish a footprint in another North African country known to be rich in hydrocarbon resources and opportunities. We look forward to working closely with the host government and our partner Enel in Algeria.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
