Eni SpA and Algeria’s state-owned energy company Sonatrach reported further discovery on July 25 in the Berkine North onshore basin in the Algerian desert with plans to fast track the developments.
The Rhourde Oulad Djemaa Ouest-1 (RODW-1) exploration well, in the research perimeter of the Sif Fatima II concession, is the third well in the exploration drilling campaign. It comes after the significant discovery of HDLE-1 in Zemlet el Arbi, announced in March, and the successful appraisal well HDLS-1 in the adjacent Sif Fatima II.
“The development of these discoveries will be fast-tracked, thanks to their proximity to existing BRN/ROD facilities,” Eni said in a company release.
The Zemlet el Arbi and Sif Fatima II concessions are operated by a joint venture between Eni (49%), and Sonatrach (51%).
The RODW-1 discovery comprises of oil and associated gas in the Triassic sandstones of the Tagi reservoir. During the production test, the well produced 1,300 bbl/day of oil and about 2 MMscf/d of associated gas.
The discovery is part of the new exploration campaign which will include the drilling of five wells in the Berkine North Basin.
“The RODW-1 discovery confirms the validity of Eni’s and Sonatrach’s successful near-field and infrastructure-led exploration strategy, that allows a rapid valorisation of the new resources,” Eni added in its release.
Headquartered in Italy, Eni has been present in Algeria since 1981. With an equity production of 100,000 boe/d, Eni is the main international company in the country, according to the company release.
Recommended Reading
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
International Battery Metals Names New CEO
2024-06-03 - Iris Jancik will succeed Garry Flowers as IBAT CEO when she takes the helm in mid-August.
Wood Mackenzie Appoints Zhou as Head of Power, Renewables Business
2024-06-05 - Xizhou Zhou most recently led the global power and renewables division at S&P Global’s commodity insights business and the Asia Pacific gas, power and renewables business.
New Non-executive Director Tony O’Neill Appointed to Woodside Board
2024-06-04 - Anthony (Tony) O’Neill, who has extensive experience in the global mining industry, is joining Woodside’s board of directors.
Bethancourt Appointed as Devon Energy’s Board Chair
2024-06-05 - John Bethancourt joined Devon Energy’s board in 2014 following his retirement from Chevron’s executive team.