Sonatrach, Gazprom Make New Oil, Gas Discovery in Algeria

Sonatrach and Gazprom have made new oil and gas discovery in Algeria’s Berkin Basin, reported news agency Reuters.

The latest find bring the total to three.

The new discovery was made in the El Assel area at Block 236b after drilling reached a final depth of 4,120 metres, Reuters said citing a statement by the Algerian firm. Gazprom and Sonatrach had made two discoveries in the same perimeter following the drilling of RSH-2 and ZERN-1 exploration wells.

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