Petroleum Africa
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Wednesday, October 1, 2014
The location of Algeria’s shale reserves could prove to be a problem to exploit as a significant amount of water will be needed. According to the EIA Algeria is home to the world’s third largest shale deposits, coming in with 707 Tcf of these unconventional reserves.
The government has done its part in providing an attractive climate for unconventional exploration, amending its laws and offering tax incentives for those firms interested in investing in shale oil and gas. It also slated a $100 billion budget for new hydrocarbon development, which includes conventional and unconventional blocks.
While all the right moves have been made the country still has one major obstacle to overcome, it is a desert and fracking shale reserves requires water, a lot of it. A report written by the World Resources Institute has Algeria with an arid and low water use tag. Each well in extracting shale based reserves requires at a minimum of 2 million gallons of water over its lifetime, Algeria is handicapped right from the start of its unconventional resource hunt.
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