Subscribe to our news feedOil & gas recruitment: Total secures exploration and production licence
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Published on Thursday 7th January 2010
A consortium led by French oil major Total has secured a production and exploration licence for the Ahnet gas field in Algeria to produce gas. The company has acquired a 49 per cent interest in the licence, which means it will appraise and develop the findings of Ahnet and its partners Sonatrach and Partex. Sonatrach will construct the pipeline, which runs from the Ahnet field to Hassi Messaoud, with first gas expected to be produced by 2015. The Ahnet license includes gas reserves of around 500 billion cubic metres and it is expected that the pipeline will produce around four billion cubic metres a year. Twelve natural gas formations have already been found in the 17, 358 square kilometres of Ahnet development and exploration acreage. It includes seven exploration blocks with potential for many further natural gas discoveries. In July 2008, Sonatrach was in talks with potential partners for the Ahnet permit after announcing that five discoveries were to be developed in the licence, and that a minimum of 11 leads and prospects still had to be tested. 
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