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Message Subject Breaking - hostage situation - 7 Americans, many other other Westerners taken HOSTAGE in Algerian gas complex, Algerian assault has began
Poster Handle Kent
Post Content
Norwegian Company Statoils participation in this field

"We operate the In Salah dry gas and In Amenas gas and condensate fields together with BP and the Algerian state oil and gas company Sonatrach.

Our participation in the financing of Capex and Opex in the In Salah gas field is 31,85% while for In Amenas we finance 46% of Capex and 12,5 of Opex.

Our entitlements (cost oil and profit oil) in these two Licenses are defined in the productions sharing agreements. We are the operator of the exploration licence Hassi Mouina with Sonatrach as a partner."

[link to www.statoil.com]

"The In Amenas gas project came on stream in June 2006 and is located some 1,200 km from the coast towards the Libyan border. Production capacity is 9 billion cubic metres per year. Operatorship is shared between BP, Sonatrach and Statoil in a joint venture.

The compression project to maintain plateau production was awarded in May 2011.

Statoil is remunerated with a share of the liquids (Condensate and LPG) obtained from the process of the wet gas."

[link to www.statoil.com]

At least 9 Norwegian hostages
 
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