PTTEP, Partners Flow Oil, Gas in Algeria

PTT Exploration and Production (PTTEP) along with partners Sonatrach and CNOOC have reported successful drilling results in the first exploration phase of the Hassi Bir Rekaiz Permits in Algeria, Thailand's The Nation reports.

The flow rates of crude oil and associated gas are very satisfactory, PTTEP's president and chief executive officer Tevin Vongvanich was quoted as saying. The last three exploration wells were drilled and yielded petroleum discoveries.

The flow tests of the ninth exploration well (Sahane Bagas-1) were conducted in Ordovician and TAGI (Triassic) reservoirs. Crude-oil flow was measured at about 2,658 barrels per day and associated gas flow at about 2.13 million standard cubic feet per day - the highest flow rate among these three wells, The Nation said.

PTTEP and its partners plan to continue the second exploration phase, consisting of three-dimensional seismic acquisition and drilling of appraisal and exploration wells.

The Hassi Bir Rekaiz Permits are located onshore in eastern Algeria.