Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Nod given for Algerian natural gas work

|
|
 
  
Published: Feb. 15, 2012 at 7:45 AM
Advertisement

HAMBURG, Germany, Feb. 15 (UPI) -- German energy company RWE Dea announced it secured a permit to start exploration work in six natural gas fields in the Algerian desert.

Algerian authorities issued permits for RWE to start work in the Algerian Sahara.

Christoph Schlichter, a, RWE Dea senior vice president for North Africa, said the permit is an opportunity to expand its footprint in the region.

"We expect that we can start commercial gas production during the first half of 2016," he said in a statement.

The German company said it expects a constant production rate of around 282 million cubic feet of natural gas per day for the next 12 years. It will cost around $3 billion in capital spending for the development project.

Development will be conducted by a company set up by the project partners. RWE is a consortium member along with Spanish energy company Repsol, Italian energy company Edison and Algeria's state-owned Sonatrach.

"We are now faced with the task to prepare production from the six fields together with our partners," added Schlichter.

Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Energy Resources Stories
1 of 29
Members of the Army's Old Guard place flags at Arlington National Ceremtery
View Caption
U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc
fark
Never seen early photos of the American West, AKA, at time when Americans had spirit, guts and balls...
Armstrong. Collarbone, not so much
Some people write "wash me" on dirty cars. Then there's this guy
Old news: Nebraska man convicted of driving while drunk and naked, with truck full of naked passengers....
One Million Moms is not pleased with Marvel and DC's homosexual comic book characters, sees no reason...
Woman complains her husband needs porn on TV to get him in the mood for sex - without once describing...