PTTEP Gets Positive Drilling Results in Algeria

PTT Exploration and Production Public Company Limited (PTTEP) in association with its partners, Sonatrach and CNOOC has announced positive results of the first exploration well drilled in Hassi Bir Rekaiz perimeter, Algeria.

The well RTF-1 was drilled to a total depth of 4,129 meters and the flow test found the crude oil flow at approx. 1,000 barrels per day (BOPD) and natural gas at 0.3 million standard cubic feet per day (MMSCFD).

Hassi Bir Rekaiz block is located onshore in the Eastern part of Algeria. It covers an area of 5,377.97 sq kms. PTTEP’s joint venture partners for this block are SONATRACH with 51% interest and CNOOC Limited with 24.5% interest. PTTEP as an operator holds the remaining 24.5% interest.