AT14 Jul 2014 11:04
"Lack of experience and expertise"," and no one has any idea how to begin getting AT underway": But Groupement is in charge, what do you expect ???
Sonatrach/ALNAFT approved anything, look at nearby: Rosneft with Takouazet , Medex with Irlalene, Sonatrach buying into Rhourde El Baguel, all these projects have been approved and getting nowhere or losing money. So the question is: Will history repeats itself ???
But you are right we have not seen much reservoir engineering on this project. I am wondering who is doing the work anyway and I would love to know where this upside 700 MMCFGD comes from when we do not even know if the well production rates (24 producing wells planned) will be sufficient to deliver 355..... after 2-3 years of production. To me the PCI AT management is hiding under the Groupement structure with Sonatrach (majority shareholder) paralizing the whole thing. But what is the alternative ??? Expect more delays ...