Edison to sell Algerian gas asset to Wintershall Dea and Repsol
The North Reggane field comprises 19 wells that produce approximately 2.8 billion cubic metres of gas per year.

The North Reggane field comprises 19 wells that produce approximately 2.8 billion cubic metres of gas per year.
To reflect the change in the stake, the North Platte development project will be renamed Sparta development.
The sale comes over concerns of Western sanctions impacting the assets and also due to their ‘disappointing economics’.
The deal is expected to increase Earthstone’s net production by 18,000boepd to 23,000boepd in Q4 2022.
With the acquisition, Whitecap Resources will enter the liquids-rich Duvernay play at Kaybob.
Shell received the rights to block OFF-7 and OFF-2 while APA secured the rights to block OFF-6.
The investment will increase the Rotterdam refinery’s production capacity to 2.7 million tons per annum.
PTL will acquire CRC-Evans, Pipeline Induction Heat, and Stanley Inspection that form Stanley’s oil and gas division.
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