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Tuesday, April 21, 2015
Repsol, Enel, and GDF Suez have made their third discovery on the Sud-Est Illizi block in southeast Algeria. The discovery was made with the drilling of the Tan Emellel Sud-Ouest-2 (TESO-2).
The gas discovery was made at a depth of 1,307 meters and well testing delivered a gas flow rate of 175,000 cubic meters per day and 90 bpd of condensate.
The partners plan to drill at least four more additional wells in order to appraise the previous discoveries within the Sud-Est Illizi block.
Repsol is the operator of the consortium with a 52.5% stake in partnership with Enel (27.5%) and GDF-Suez (20%). Sonatrach will hold a 51% stake in the development and production phases, with the existing members maintaining their existing proportions in the remaining 49%.
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