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Project Insights

Algeria’s shale hopes remain on hold

Algeria has the world’s third-largest recoverable shale gas resources, but attracting the required investment continues to be a problem Algeria has the world’s third-largest recoverable shale gas resources, but attracting the required investment continues to be a problem.
By Fatima Sadouki 30 October 2018 Middle East & Africa / Exploration & Production 0 33106
Gas drilling in Algeria. (Øyvind Hagen/Statoil)

Algeria is pressing on with plans to develop domestic shale gas resources despite ongoing difficulties in attracting IOCs to the country’s upstream sector.

Among a number of IOC agreements announced at the Algeria Future Energy summit in Algiers on Monday, state-owned Sonatrach said it had signed a memorandum of understanding (MOU) with a joint venture of BP and Equinor to explore the Tadmait shale concession in the shale-prone In Salah Basin in the Sahara desert.

Under the non-binding agreement, BP and Equinor are expected to undertake seismic...