Thailand's PTTEP Announces Significant Oil, Gas Flow from Algeria Well

PTT Exploration and Production (PTTEP) and its partners SONATRACH and CNOOC Limited have reported successful drilling results in the third exploration phase of the Hassi Bir Rekaiz project onshore Algeria.

Under the third exploration phase, the Rhourde Ez Zita-1bis (REZ-1bis) exploration well was drilled at 4,037 meter depth. Drill Stem Test (DST) was conducted with crude oil in the formations of Triassic Argilo Greseux Inférieur (TAGI) at the average crude oil flow of 6,152 barrels per day (BPD) and associated gas flow of 6.5 million standard cubic feet per day (MMSCFD), and in formations of Ordovician (Ouargla Sandstone) with the average flow rates of crude oil at 302 BPD and associated gas of 0.2 MMSCFD.

Then this well confirms the huge potential for BOG discovery, PTTEP said in a statement Wednesday.

The exploration campaign in Hassi Bir Rekaiz started in 2014 and found both crude oil and associated gas in 10 exploration wells out of 11 wells totally.

The Hassi Bir Rekaiz field is located onshore in the Eastern part of Algeria. It covers an area of 5,378 square meters. PTTEP is the operator during exploration period.