Eni, Sonatrach target Algerian shale gas

Eni SPA and Algeria’s state-owned Sonatrach have signed a cooperation agreement for development of unconventional hydrocarbon resources, “with particular focus on shale gas,” according to an Eni press statement.

By OGJ editors
HOUSTON, May 4
-- Eni SPA and Algeria’s state-owned Sonatrach have signed a cooperation agreement for development of unconventional hydrocarbon resources, “with particular focus on shale gas,” according to an Eni press statement.

The companies provided no specifics, saying they will “jointly implement activities to assess the technical and commercial feasibility of exploration and operational initiatives in shale gas.”

A recent assessment by the US Energy Information Administration listed Algeria among countries in which shale-gas development is likely to emerge because of resource assessments exceeding 200 tcf (OGJ, Apr. 4, 2011, p. 22).

Eni, already active in Algeria, said it “confirms the significant shale gas reserves in Algeria which Eni and Sonatrach wish to explore and develop.”

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