Repsol Makes New Gas Discovery in Algeria

Source: www.gulfoilandgas.com 4/20/2015, Location: Africa

Repsol has made its third gas discovery in the Illizi basin, in the southeast of Algeria. The discovery in Tan Emellel Sud-Ouest-2 (TESO-2) exploration well in the Sud-Est Illizi block is the continuation of an already very successful exploration campaign in the high-potential area.

Repsol is the operator of the consortium with a 52.5% stake in partnership with Enel (27.5%) and GDF-SUEZ (20%). Sonatrach will hold a 51% stake in the development and production phases, with the existing members maintaining their existing proportions in the remaining 49%.

The gas discovery was made at a depth of 1,307 metres (4,288 feet) and well testing delivered a gas flow rate of 175,000 cubic metres per day (m/day) and 90 barrels per day (bbl/d) of condensate with a 32/64 choke.

Repsol aims to drill at least four more additional wells in order to appraise the previous discoveries within the Sud-Est Illizi block. For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects


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