Thailand’s PTT Exploration and Production Public Company (PTTEP), in association with association with Algerian National Oil and Gas Company Sonatrach and China National Offshore Corporation, has discovered crude oil and gas flows at an exploration well in the Hassi Bir Rekaiz perimeter (HBR) in Algeria.

Drill stem tests conducted at the Rhourde Terfaia-1 (RTF-1) well, the first to be drilled on the HBR perimeter, found crude oil flow at about 1,000 barrels per day and natural gas at 0.3 million standard cubic feet per day.

The Hassi Bir Rekaiz block covers an onshore area of 537,797 hectares in the Eastern part of Algeria.

PTTEP, as the operator holds a 24.5% interest in the well, while Sonatrach holds a 51% interest and CNOOC has a 24.5% stake.

RTF-1 was drilled to a total depth of 4,129m and encountered petroleum bearing formation in Triassic Argilo-Gréseux Inférieur (TAGI) reservoir.

PTTEP intends to drill more exploration and appraisal wells in the region to confirm the extent of the petroleum reserves in the area.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.