Petroleum Africa
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Thursday, May 14, 2009
Release
ALGIERS, In the presence of Chakib Khelil, Algeria’s Minister of Energy and Mines, Shoaibi Group, the leading Oil & Gas technology & service provider for the Middle East and North Africa, signed 4 major contracts with Algerian state owned energy group, Sonatrach, Europe’s second largest gas supplier. Sonatrach is partnering with the Shoaibi represented firms, to benefit from their expertise in the application of new technologies in oil and mining exploration.
The first contract was signed with ARKEX, for geophysical surveying using their proven BlueQube technology. BlueQube is a state of the art technology that provides geophysicists, geologists and exploration managers with an accurate picture of the sub surface geology. This included a three year agreement with the first survey in the Ain Regada, Souk Ahras province. The Second contract was signed with FLOTECH for installation of intelligent completions, while the third contract was signed by ARTIFICIAL LIFT COMPANY (ALC) to cover the installation of rigless Electrical Submersible Pumps (ESP)s on several wells. The fourth contract was signed with INGRAIN for providing technology that computes the physical properties and fluid flow characteristics of oil and gas reservoir rocks
Faisal Al ShoaibiFaisal Al Shoaibi
, Director of Shoaibi GroupShoaibi Group, said: "We are honoured to have the opportunity to work with Sonatrach and offer our support in bringing new technologies. We will work together in achieving our objectives for the Algerian oil and gas industry and look forward to contributing to its growth."
About Sonatrach
Sonatrach is an Algerian government-owned company formed to exploit the hydrocarbon resources of the country. Its diversified activities cover all aspects of production: exploration, extraction, transport, and refining. It has diversified into petrochemistry and the desalination of seawater. Sontrach is categorized as the second largest gas provider in Europe, and has formed several joined ventures with major entities such as Libya’s National Oil Corporation, Naftal and the Chinese National Petroleum Corporation.
www.sonatrach-dz.com
About Shoaibi Group
Shoaibi Group is a wholly-owned Saudi Arabian organisation in operation for more then 30 years, and encompasses a wide spectrum of global partnerships, agency representations, and joint ventures, in the Middle East & North Africa. Shoaibi Group’s expertise in the oil and gas industry, has led the Group to be able to identify and form strategic partnerships as well as investing in innovative and break-through technologies that impact the energy landscape in the region. SG has an established reputation for engineering excellence and reliability in the oil and gas sector, and is involved in the power, IT and telecommunications sectors where it draws on local and international resources to benefit both its partners and customers.
www.shoaibigroup.com
For more information, please contact:
Mae Chami
Corporate Communications Manager
+973 17566499
[email protected]
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