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SONATRACH
ROUND TABLE - 24TH JANUARY 2006
16TH SESSION OF WORKING PARTY ON GAS -UNECE
SONATRACHSONATRACH
ROUND TABLE ROUND TABLE -- 2424THTH JANUARY 2006 JANUARY 2006
16TH SESSION OF WORKING PARTY ON GAS 16TH SESSION OF WORKING PARTY ON GAS --UNECEUNECE
SONATRACH : A FULLY INTEGRATED COMPANY
Core activities
• E & P
• Transportation
• Downstream
• Marketing
Main Affiliates (100%) • Naftec (refining)• Enip (Petrochemicals)• Naftal (domestic Distribution of
Petroleum products) • Hyproc (hydrocarbons shipping)• SIHC (Sonatrach International)
International activities
• E & P
• Transportation
• Downstream
• Trading of Oil & Gas
• Shipping
Affiliated activities (51%)
• ENTP & ENAFOR (Drilling)
• ENSP (well Sevices)
• ENAGEO (Geophysics)
• ENGTP (Construction)
• ALGERIAN ENERGY COMPANY (50%)
SONATRACH CORE ACTIVITIES
EXPLORATION / PRODUCTIONEXPLORATION / PRODUCTION
SONELGAZ
LNG
INDUSTRIALUNITS
NA
TUR
AL
GA
S
LPG
HYDROCARBONS PROCESSINGHYDROCARBONS PROCESSING
MaghrebMaghrebEuropeEuropePipelinePipeline
TransTrans--MediterraneanMediterranean
PipelinePipeline
ButaneButanePropanePropaneHeliumHeliumNitrogenNitrogen
ExportExport
CR
UD
E O
IL
DISTRIBUTIONDISTRIBUTION
NG
L
MARKETING AND TRADING OF LIQUIDS AND GAS HYDROCARBONSMARKETING AND TRADING OF LIQUIDS AND GAS HYDROCARBONS
ExportExport
TRANSPORTATION BY PIPELINES
NA
TUR
AL
GA
S EX
PO
RT
SONATRACH MAIN OBJECTIVES
⇒ Pursue the dash of the hydrocarbons production growth started since 1991 with a rate of 3% per annum.
⇒ Pursue development of core business activities by:
Enhancing Hydrocarbons reserves
Increasing hydrocarbons production
Increasing hydrocarbons exports
SONATRACH – 2004 KEY FIGURES
ReservesReserves• Reserves : 141 Billions Boe• Proven Reserves : ≈ 40 Billions Boe
LPGNatural Gas
Crude Oil
Condensate
56%
9% 29%
6%
MarketingMarketing
Total Volume exported : 133.4 Mtoe• Crude Oil & NGL : 1.2 MB/d• Refined Products : 0.2 MB/d• Natural Gas : 3.4 Bcf/d• LNG : 2.4 Bcf/d• LPG : 0.2 MB/d
Domestic Market : 31.3 Mtoe
ProductionProductionTotal Volume : 223 Mtoe• Crude Oil & NGL : 1.6 MB/d• Natural Gas : 14.0 Bcf/d• LPG : 0.3 MB/d
Share of Total Gas Export
SONATRACH : A MAJOR GAS SUPPLIER
2004 Gas Export : 5.8 Bcf/d
FranceBelgium
USA
Turkey
Spain
SloveniaItaly
Portugal
Greece
4% 4%
22%
7%
42%1%
5%
1%
13%
59% by Pipeline and 41% LNG.
AlgeriaAlgeria
TunisiaTunisia1%
SONATRACH 2005-2010 INVESTMENTS
24 Billions US Dollars
Downstream : 7%
Environment & Others : 3%
Upstream : 48%Exploration.
Gas and oil field development.
Pipelines : 11%
Sonatrach : 70% Partners: 30%
From which:
HYDROCARBONS PRODUCTION PROFILE
Gas DevelopmentSonatrach
Oil & Gas developmentSonatrach & partners Forecast
0
50
100
150
200
250
300
1963
1970
1980
1990
1991
2000
2004
2005
2006
2007
2008
2009
Crude Oil NGL Natural Gas LPG
Creation ofSonatrach
Millions TEP
2015
300 MTEP
NATURAL GAS PRODUCTION PROFILE
Production Capacity by 2010
0
2
4
6
8
10
12
14
16
18
Bcf/d
2005 2010
Natural Gas
SH Share in SH Share in AssociationAssociation
SH SH
15%
82%
PartnersPartners3%
New exporttarget by 2010 : 85 BCM/YEAR
New exportNew exporttarget by 2010 : target by 2010 : 85 B85 BCMCM//YEARYEAR
18
exportsby 2005 :
60 BCM/YEAR
exportexportssby 20by 200505 : :
6060 BBCMCM//YEARYEAR
NEW PROJECTS TO SUPPLY SOUTH OF EUROPE
MEDGAZ PROJECTDirect line Algeria–Europe via Spain(8 Bcm/year, starting 2008)
Partners : Sonatrach, Cepsa, BP,Endesa, Iberdrola, GDF, Total
MEDGAZ PROJECTDirect line Algeria–Europe via Spain(8 Bcm/year, starting 2008)
Partners : Sonatrach, Cepsa, BP,Endesa, Iberdrola, GDF, Total
Beni saf
AlmeriaMore than 80% of thecontracted volumes are linked to the power genaration in spain
More than 80% of thecontracted volumes are linked to the power genaration in spain
NEW PROJECTS TO SUPPLY SOUTH OF EUROPE
GALSI PROJECTDirect line Algeria–Italy via Sardinia(8 Bcm/year, starting 2009)Partners : Sonatrach, Edison, Enel,Wintershall, EOS Energia, Progemisa, Sfirs.
GALSI PROJECTDirect line Algeria–Italy via Sardinia(8 Bcm/year, starting 2009)Partners : Sonatrach, Edison, Enel,Wintershall, EOS Energia, Progemisa, Sfirs.
Volumes not yet allocated.Gas to Power will be significantif reffering to the basic activityof the project initiators.
Volumes not yet allocated.Gas to Power will be significantif reffering to the basic activityof the project initiators.
SONATRACH IN THE WORLD – Power Generation
SpainReganosa
(10%)
SpainGEPESA
(30%)
SpainMEDGAS
(20%)
ItalyGALSI (40%)
SONATRACH IN THE WORLD – Power Generation
SPAIN : SPAIN : Discussions for supplying CCGT Project andbeing shareholder 2000 MWDiscussions for supplying CCGT Project andbeing shareholder 2000 MW
ITALY :ITALY : Discussions for supplying CCGT Project andbeing shareholder 4000 MWDiscussions for supplying CCGT Project andbeing shareholder 4000 MW
PORTUGAL: PORTUGAL: Discussions for supplying CCGT Project andbeing shareholder 2500 MWDiscussions for supplying CCGT Project andbeing shareholder 2500 MW
SONATRACH IN THE WORLD – Power Generation
Spain
France
Italy
AlgeriaElectricty Project Export :
1200 MW
Beni-Saf …… Almeria
(in parallel with Medgazpipeline)
Electricty Project Export :
1200 MW
Beni-Saf …… Almeria
(in parallel with Medgazpipeline)
Electricty Project Export :
1200 MW
Beni-Saf …… Almeria
(in parallel with Galsipipeline)
Electricty Project Export :
1200 MW
Beni-Saf …… Almeria
(in parallel with Galsipipeline)