New Discovery for Algeria

Friday, October 10, 2014

Algeria reported an oil and gas discovery in the Berkine Basin made by Sonatrach in partnership with Gazprom. The new discovery was made in the El Assel area at Block 236b; the well was drilled to a final depth of 4,120 meters, Sonatrach said in a statement.

This is the third discovery made by the duo on the acreage; the previous discoveries are the RSH-2 and ZERN-1 exploration wells.

Sonatrach holds a 51% stake in the project while the remaining 49% is owned by Gazprom.

Sonatrach has made 18 oil and gas discoveries for the first eight months of this year.

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