New gas discovery of Repsol YPF in Algeria

Press Release 16/05/2006 07:00

The new discovery tested at a depth of 3,983 meters with a preliminary production rate of 763,000 m3/day, and at 2,360 meters with a gas flow of 483,000 m3/day.
This is the first time in this basin that a significant level of gas has been found in the Carboniferous level.
The new discovery reinforces the possibilities that gas from the Reggane Nord area could be commercial in 2008.