Project Profile
Value: US$800 million
Start-up Year: 2014
Location: Illizi Province, Illizi Basin
The first phaseof the project will include water injection and is expected to cost US$156 million with rest (US$369 million) to be spent on gas injection phase. There will be a total of 41 wells drilled, with seven existing production centres to be replaced. There will also be a water treatment unit and gas injection installed. The project aims to improve field recovery from 40% to 50%. The five fields are: Zarzaintine, El Abed Larache, Rhourd Nouss, Tinhert and South East Illizi
Repsol is the operator of the consortium, with a 25.725% stake, partnered by Enel SpA (13.475%) and GDF Suez (9.8%). The remaining 51% is held by Sonatrach.
Operators:
Repsol YPF: Operator with 25.725% interest (Southeast Illizi)
ENEL SpA: 13.475% interest (Southeast Illizi)
GDF Suez Group: 9.8% interest (Southeast Illizi)
Sonatrach: 51% interest (Southeast Illizi)
PetroCeltic International plc.: Isarene Blocks 228 and 229
Rosneft: Block 245