The Algerian national agency for the development of hydrocarbon resources, ‘Alnaft’ will launch Exalt, a fully integrated digital platform developed by SLB, enabling seamless global access anytime, anywhere at Adipec 2022.

 

The cutting-edge technological platform is being deployed in conjunction with the newly promulgated Hydrocarbon 19-13 law, governing the hydrocarbon activities. 

 

The new law aims to develop the institutional framework and introduce a simplified and competitive tax regime in order to promote foreign partnership in the sector. 

 

The new measures and associated flexibility aim to promote sustainable and optimal development and exploitation of the national hydrocarbon resources, in order to satisfy the needs of both the national and international energy market while promoting the preservation and protection of the environment.

 

Rich history

Algeria has a long history of oil and gas exploration and production (E&P) activities that date back to the 1950s. Such activities have yielded a vast amount of E&P digitised data, representing one of the key competitive attributes of the country's oil and gas industry; the “National Database Repository (NDR)”.

 

Since then, Algeria has been developing and increasing its reserves through its National Oil Company Sonatrach and Joint Ventures with international oil companies and investors. 

 

In terms of potential reserves, Algeria has the tenth largest proven natural gas reserves globally with the third largest unconventional gas reserves, it also holds 12 trillion barrels of proven oil reserves, ranking 16th worldwide. A potential enabled by very high export capacities; from offloading infrastructure for oil and LNG to a dense pipelines network for both Oil & Gas transport.

 

According to a recent declaration of Alnaft leadership: “60% of the hydrocarbon potential in Algeria is under or non-exploited and requires to be developed”.-- TradeArabia News Service