PTTEP makes oil discovery in Algeria

Oil-PTTEPPTT Exploration and Production (PTTEP) has discovered oil from the sixth exploration well drilled in the Hassi Bir Rekaiz Permits in Algeria 

The Mouia Aissa-1 (MAS-1) well, which yielded the petroleum discovery, was drilled to a total depth of 3,844 metres. A flow test was conducted and uncovered a crude oil flow of approximately 5,243 bpd, while a natural gas flow of approximately five million standard cubic feet per day was also discovered. 

Hassi Bir Rekaiz Permits is located onshore in the eastern part of Algeria and covers an area of 5,378 sq km. Thailand-based PTTEP is the operator with 24.5 per cent interest, while its partners in the project consist of Algerian National Oil and Gas Company (SONATRACH), who holds a 51 per cent interest and China's CNOOC holding a 24.5 per cent interest. 

PTTEP and its partners have planned in the first exploration phase of Hassi Bir Rekaiz Permits to drill nine exploration wells from late 2011 to early 2013 and, to date, six exploration wells have been drilled with five proving successful. 

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