Last Updated :
16 March 2010 at 15:55 IST
Gazprom begins drilling for hydrocarbon in Africa
MOSCOW (Commodity Online): Russina energy giant Gazporm has started the drilling for the hydrocarbon exploration in the first well in Africa in the El Assel onshore region in Algeria, said the company in a statement.
Under a contract signed with the Algerian National Hydrocarbon Agency (ALNAFT), Gazprom began drilling the Rhourde Sayah-2 well in the Berkine Basin in Algeria, the statement said.
The drilling is part of Gazprom's obligations in regard to the terms of a tender for hydrocarbon exploration and drilling of four wells on the El Assel onshore area, which was won by the Russian energy giant.
According to provisional estimates, the recoverable oil reserves of El Assel should average 30 million metric tons (220 million barrels). El Assel includes three blocks covering a total of 3,083 square kilometers (1,190 square miles).
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