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News // Oil and gas worldwide

BP expects license to develop Algeria gas project

22 February 2001 , 15:10Neftegaz.RU219
Algiers, Feb, 22
BP Amoco expects to obtain the license to develop its $2.5 billion In Salah gas project in Algeria soon, a company official said yesterday. The British oil and gas major, which operates the project with Algeria's state-owned Sonatrach, had provided the required guarantees over environmental issues related to carbon dioxide emissions, External Affairs Manager Barry Halton told Reuters.

He said the Algerian Energy and Mines Ministry had confirmed that "our answers were satisfactory." BP and Sonatrach will re-inject the carbon dioxide gas near El Krechba area inside their block without affecting the gas field and other oil and gas reserves nearby. The In Salah project is expected to go on stream by 2003. Its planned annual production of nine billion cubic metres would increase the North African country's gas output by 15 per cent. Halton said BP was about to sign a contract to export five billion cubic metres a year to southern Europe.

http://www.gulf-news.com

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