On 17 June, Gazprom International, the sole specialised operator of Gazprom's foreign upstream projects, began drilling a new well in the north of the El Assel perimeter in Algeria.
RSHN-1 is the fifth exploratory well that Gazprom International is to construct as part of its minimal exploration obligations. This well is being drilled to explore the structure of Rhourde Sayah Nord, targeting the Ordovician deposits.
The projected depth of the RSHN-1 well is 4,100 metres.
Gazprom International joined the El Assel project in eastern Algeria in early 2009 with a 49% stake. 51% is held by Algeria's state oil-and-gas company Sonatrach.
As part of the geological exploration work, 2D and 3D seismic surveys have been completed and the acquired data has been processed and interpreted along with seismic data from previous years. Four exploratory and appraisal wells have also been constructed.
Three hydrocarbon fields have been discovered at the El Assel area. Work is currently underway on their delineation and the calculation of reserves in order to make plans for their future development.
At a meeting between high-ranking representatives of Algeria's oil-and-gas sector and the Managing Director of Gazprom International Valery Gulev this February in the Algerian capital, the progress made in the two companies' first joint project was noted. The management of Sonatrach and Gazprom International spoke out in favour of extending all-round cooperation. An agreement in principle on the creation of a joint service company was also reached.