Petroleum Discoveries, Algeria 433a & 416b Project

abarrelfullabarrelfull wrote on 03 Mar 2015 12:52

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11 Jan 06

Reference is made to PTTEP Algeria Co., Ltd., a 100% owned subsidiary of PTTEP Offshore Investment Company Limited (a subsidiary of PTT Exploration and Production Public Company Limited or PTTEP), which has a 35% participation interest in Algeria blocks 433a & 416b located onshore Algeria. The other partners consist of PetroVietnam Investment and Development Company (PIDC, as operator), and SONATRACH (Algeria’s national oil company), with a 40%, and 25% participation interest respectively.

PTTEP wishes to report that the appraisal well BRS-6bis was spudded on October 6th, 2005. The well was drilled to a total depth of 3,937 meters. The final test confirms the hydrocarbon potential of Hamra Quartzite in Bir Seba structure with a maximum flow rate of 5,100 barrels of crude oil per day (44o API) and 4.8 million cubic feet of natural gas per day. This is a confirmation of Bir Seba oil discovery in the blocks 433a & 416b.

As a result of the successful test on BRS-6bis well, an aggressive and comprehensive appraisal plan is being prepared to bring the Bir Seba field into production program.

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