Gassi-Touil Integrated gas project

Algiers- Sheraton Hotel -November 17, 2004

On Wednesday November 17, 2004, at the Sheraton Hotel, Algiers, Sonatrach held the public opening of the bid envelopes received from companies responding in the Gassi-Touil integrated-gas project opened to an international call for tender initiated in April 2002.

After analysis, evaluation and ranking of each of the bids from companies received that very day, the deliberation process ended in the granting, during the session, and in the presence of representatives from the responding

companies and the press, of the Gassi-Touil integrated-gas project to the Spanish Repsol-Gas Natural consortium.
 

With a duration of 30 years and a development period of 54 months, the Gassi-Touil integrated-gas project is a production sharing contract.
 

The project development work covers the drilling of 52 development wells, taking over 16 existing wells and building surface installations for processing (extracting condensates and LPG, decarbonation ) 22 million m3 per day of raw gas, the construction of new capacity for transporting the 6.5 billion m3 of gas sold per year and the construction of a new liquefying plant with a nominal capacity of 4 millions metric tonnes per year.

The interest shown by international oil companies in the Gassi-Touil integrated-gas project clearly confirms the attractiveness of Algeria's mineral resources sector.