E.ON makes oil and gas discovery in Algeria

Sonatrach-facilitiesSonatrach is investing more in upstream operations. (Image source: Sonatrach) E.ON Exploration & Production and state-owned Sonatrach have made an oil and gas discovery in the Rhourde Yacoub license area in Algeria

The Rhourde Yacoub license is located in the oil and gas-prone Berkine basin, 250km south-east of Hassi Messaoud.

E.ON E&P, in cooperation with Sonatrach, has completed the drilling and testing of the seventh exploration well in block 405a and found oil and gas in the NEY-1 well.

“The results of this well are very encouraging and we will now enter a phase where we will drill several wells over the next two years to evaluate the extension of the discoveries,” said E.ON E&P Algeria managing director Hubert Mainitz.

E.ON E&P was awarded this block in a license round in December 2008.

 

The Rhourde Yacoub license is operated by E.ON E&P with an equity share of 49 per cent, while Sonatrach holds a majority stake of 51 per cent.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?