{"id":28259,"date":"2018-06-12T13:24:58","date_gmt":"2018-06-12T13:24:58","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/06\/12\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\/"},"modified":"2020-08-11T11:33:40","modified_gmt":"2020-08-11T09:33:40","slug":"algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/06\/12\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\/","title":{"rendered":"Algeria : a new deal to continue to exploit the gas field of Tin Fouy\u00e9 Tabankort."},"content":"\nThis new agreement should come into force as soon as the Algerian authorities give their approval. The interests and shares will be split as followed: 51% for Sonatrach, 26.4% for Total and 22.6% for Repsol. The three companies also signed a contract of commercialization.\nThe press release\u00a0points out that all three partners will commit to making necessary investments, in terms of drilling and development, in order to enhance the additional stocks estimated at over\u00a0250 million oil-equivalent barrels.\n\nThese investments will\u00a0maintain a high-level of\u00a0production\u00a0in the field, which today reaches over\u00a080,000 oil-equivalent barrels a day hence 3 billion metres cubed. This rate is estimated to last at least six years thanks to these new investments.\nThe total amount of the joint contribution reaches 324 million dollars. This investment will be used to dig 11 new wells, to install new facilities and to optimize the working network of the machines.\nIn partenership since 1996, the three companies have already invested 1.2 billion dollars in this field which extends over 1,571 km\u00b2 surface and provides dry gas, condensate and LPG.\nDiscover our latest videos on economic news in Algeria :\n\n\n","author":79,"featured_media":3791,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5752,5764,5763,5751,5756,5755,5753,2961,5760,5750,5762],"location":[5547],"class_list":["post-28259","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-business-support","tag-communities","tag-direct-broadcasting","tag-economy","tag-employment","tag-employment-training","tag-entrepriseslife","tag-institutions","tag-mediterranean-exchanges","tag-news","tag-trending","location-algeria"],"short_url":"","have_related_news":null,"chapo":"A new contract of exploitation was signed between Sonatrach, Total and Repsol on the gas field of the Tin Fouy\u00e9 Tabankort. This new deal will allow them to keep exploiting the area for the next 25 years.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/exploration-petrole.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/exploration-petrole.jpg 550w","sizes":"550px","alt":"Un partenariat alg\u00e9ro-espagnol pour l'exploitation du bloc Sud-Est d'Illizi 1","width":550,"height":360,"ratio":0.56,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/exploration-petrole.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/exploration-petrole.jpg 1170w","sizes":"1170px","alt":"Un partenariat alg\u00e9ro-espagnol pour l'exploitation du bloc Sud-Est d'Illizi 1","width":1170,"height":658,"ratio":0.56,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Algeria : a new deal to continue to exploit the gas field of Tin Fouy\u00e9 Tabankort. - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"This new agreement should come into force as soon as the Algerian authorities give their approval. The interests and shares will be split as followed: 51%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/06\/12\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algeria : a new deal to continue to exploit the gas field of Tin Fouy\u00e9 Tabankort. - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"This new agreement should come into force as soon as the Algerian authorities give their approval. The interests and shares will be split as followed: 51%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/06\/12\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Med\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-11T09:33:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/exploration-petrole.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"590\" \/>\n\t<meta property=\"og:image:height\" content=\"332\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/06\\\/12\\\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\\\/\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/06\\\/12\\\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\\\/\",\"name\":\"Algeria : a new deal to continue to exploit the gas field of Tin Fouy\u00e9 Tabankort. - Ecomnews Med\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/06\\\/12\\\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/06\\\/12\\\/algeria-a-new-deal-to-continue-to-exploit-the-gas-field-of-tin-fouye-tabankort\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/03\\\/exploration-petrole.jpg\",\"datePublished\":\"2018-06-12T13:24:58+00:00\",\"dateModified\":\"2020-08-11T09:33:40+00:00\",\"description\":\"This new agreement should come into force as soon as the Algerian authorities give their approval. 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