Desert diamond in Algeria

摘要

When running at full capacity, the Reggane Nord Project promises enough gas to meet over 10% of Spain's demand. For Repsol and their partners, the project reaffirms a focus on oil-rich Algeria, where support from the government has aided investment. This is the first gas project to tap into in the southwest of Algeria's reserves, and opportunities for expansion abound. The Reggane Nord Project, which consolidates output from several oilfields in Algeria, is managed by the multi-national consortium Groupement Reggane Nord (CRN). The Spanish company Repsol and the state-owned Sonatrach of Algeria hold majority stakes in GRN, while Germany's DEA Deutsche Erdoel and the Italian Edison make up the remainder. Drawing from fields in Reggane, Azrafil Sud-Est, Kahlouche, Kahlouche Sud, Tiouliline, and Sali, the project is expected to produce eight million cubic meters of gas per day. In the Reggane basin alone, yield estimates add up to total net reserves of 145 million barrels.