A corner of the 433a-416b lot of the Bir Seba project (Source: PVEP) Hanoi (VNA) – A joint venture of the PetroVietnam Exploration andProduction Corporation (PVEP), Groupment Bir Seba (GBRS), has produced 10million barrels of oil after 20 months of exploitation in Algeria’s SaharaDesert.
The consortium, between PVEP under the Vietnam National Oil and Gas Group(PVN), Algeria’s Sonatrach and Thailand’s PTTEP, received the first oil flowpumped from the 433a-416b lot of the Bir Seba (BRS) oil exploration project inthe desert on August 12, 2015.
The project has an estimated total capacity of around 1 billion oil barrels. Inthe first phase, it is set to exploit 20,000 barrels per day from 13 wells. Asthe project enters its second phase in 2019, it will produce around 40,000barrels on a daily basis.
The Sahara oil rig is the first-ever overseas project in which PVEP succeededin all phases, from winning international bid to starting exploration. It marksthe PVN’s first effort to extend its oil drilling services to a foreigncountry.
According to the PVN, oil exploration has faced daunting challenges stemmingfrom harsh weather and unstable politics in Algeria.
BRS is touted as a thriving project which has brought great economic efficiency.Around 18,000-20,000 barrels were exploited every day at lower cost than setplan.
Extending over 9 million square kilometres, the Sahara is the largest desert onthe African continent, covering large parts of Algeria, Chad, Egypt, Libya,Mali, Mauritania, Morocco, Niger, Western Sahara, Sudan and Tunisia. - VNA
The consortium, between PVEP under the Vietnam National Oil and Gas Group(PVN), Algeria’s Sonatrach and Thailand’s PTTEP, received the first oil flowpumped from the 433a-416b lot of the Bir Seba (BRS) oil exploration project inthe desert on August 12, 2015.
The project has an estimated total capacity of around 1 billion oil barrels. Inthe first phase, it is set to exploit 20,000 barrels per day from 13 wells. Asthe project enters its second phase in 2019, it will produce around 40,000barrels on a daily basis.
The Sahara oil rig is the first-ever overseas project in which PVEP succeededin all phases, from winning international bid to starting exploration. It marksthe PVN’s first effort to extend its oil drilling services to a foreigncountry.
According to the PVN, oil exploration has faced daunting challenges stemmingfrom harsh weather and unstable politics in Algeria.
BRS is touted as a thriving project which has brought great economic efficiency.Around 18,000-20,000 barrels were exploited every day at lower cost than setplan.
Extending over 9 million square kilometres, the Sahara is the largest desert onthe African continent, covering large parts of Algeria, Chad, Egypt, Libya,Mali, Mauritania, Morocco, Niger, Western Sahara, Sudan and Tunisia. - VNA
VNA
