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North Africa Is World’s Next Big Shale Prospect, Repsol Says

North Africa may be “the next big opportunity” after North America for oil and gas production from shale if drilling costs can be reduced, said Repsol SA Geological Studies Director Eduardo Negri.

“Repsol has conducted a regional study covering the whole Saharan Platform in order to identify prospective areas for shale gas and oil from a geological point of view,” he said by e-mail before an industry conference in Tunisia planned for Oct. 22. “One of the most important things required to consolidate a successful unconventional project is to have clear and stable contractual and fiscal terms specially designed for unconventionals.”