GDF SUEZ announces the discovery of natural gas in Algeria
GDF SUEZ announces the discovery of natural gas in the Illizi basin in south-east Algeria.
The Tihalatine Sud-1 (TIHS-1) well was drilled to a depth of 1,192 meters in the Ordovician shale. A production test produced a gas flow from the Ordovician reservoir of 105,000m3 per day.
GDF SUEZ holds 9.8% of the south-east Illizi permit along with Repsol (25.725%) and Enel SpA (13.475%), in partnership with SONATRACH, which holds the remaining 51%.
Appraisal work will be carried out by the consortium to assess the size of this discovery.
The TIHS-1 drilling is the first well of the exploration program, which began in July 2011 with the acquisition of 2D and 3D seismic data. The drilling program includes four additional wells.
The contract on the South East Illizi perimeter is the second project held by GDF SUEZ in Algeria, the first being the Touat gas permit obtained in 2002. Located in south-west Algeria and operated in partnership with SONATRACH, Touat is one of the largest exploration-production projects under development by GDF SUEZ.
GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,900 people worldwide and achieved revenues of €90.7 billion in 2011. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.