Petroleum Africa
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Friday, May 6, 2022
Wintershall Dea has entered into a sale and purchase agreement to acquire Edison’s 11.25% participating interest in the Reggane Nord natural gas project in Algeria. The Reggane Nord project comprises six fields (Azrafil Sud-Est, Kahlouche, Kahlouche Sud, Tiouliline, Sali and Reggane) and is the first gas project to start up in the promising region.
After the transaction is closed, the consortium Groupement Reggane Nord (GRN), operator of the project, will comprise Sonatrach (40%), Wintershall Dea (30.75%) and Repsol (29.25%).
Following a general and challenging development program, first gas was celebrated in December 2017 Wintershall Dea and its partners have built a central processing facility and significant infrastructure to process the gas collected from the wells: 209km of gas collecting systems and more than 160km of roads were constructed as well as a 74-kilometres-long pipeline connecting the project to Algeria‘s export facilities.
The gas fields of the Reggane Nord project are located in the west of the country, in one of the Earth’s hottest regions: the Reggane Basin in the Sahara. It is located 1,500 km from the capital, Algiers, and the same distance from Algeria’s Mediterranean coast.
Algeria has significant energy potential. The country is the third largest exporter of gas to Europe, after Russia and Norway; and is the largest natural gas producer in Africa. Algeria is a prime candidate for an enhanced energy partnership with Europe, particularly at this critical time. Located just across the Mediterranean, the country has well developed infrastructure connections to Europe. These include two subsea gas pipelines and LNG facilities at two locations. In the long term, the country has major potential for climate-friendly hydrogen, solar and wind power, and carbon capture and storage.
On that basis, Wintershall Dea wants to grow in Algeria. Dawn Summers, Chief Operating Officer and responsible board member for Middle East and North Africa says: “Algeria holds great potential for natural gas production and future energy projects. That is why we want to grow our presence in Algeria and contribute to the development of its energy sector. Increasing our interest in the Reggane Nord project is a first step.”
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