Petroleum Africa
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Monday, September 12, 2011
The Hyundai Group has been awarded a contract for work in Algeria. The contract, worth an estimated $167-million, is for the construction of a crude-gathering plant at the Bir El M’Sana oil field in southern Algeria.
Algeria’s state-run energy firm, Sonatrach, said in a statement the contract for the crude-gathering plant was signed between itself, US independent Hess Corp., Malaysia’s Petronas, and Hyundai.
The plant, which will have a capacity to handle 13,200 bpd of crude, is scheduled to be completed in 30 months with production starting in April 2014, Sonatrach said.
The contract includes the production of oil processing facilities, pipelines, and an industrial base for the development of the El M’Sana oil field.
Noreddine Cherouati, head of Sonatrach, said that the exploitation of this deposit should contribute to the increased production of Algerian oil.
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