At-13 Well in Algeria Hits 240-Foot Gas-Bearing Formation

Petroceltic International plc revealed Monday that the AT-13 development well in Algeria has penetrated a 240-foot gas and condensate bearing formation.

The second of the 24-well Ain Tsila development drilling campaign, AT-13 will help establish and maintain the currently approved annual average wet gas plateau rate of 355 million cubic feet of gas per day from the Ain Tsila field. Well test results from AT-13 will be confirmed later in 2016 when planned batch completion, stimulation and testing activities are undertaken. The well was drilled within scheduled time estimates and under budget.

The rig used to drill the well will now move to the AT-11 development well, located in the north of the field. AT-11 is targeting the Ordovician reservoir and will be drilled as a vertical well to a planned total depth of 6,725 feet.

Petroceltic holds a 38.25 percent interest in the Isarene PSC, with Sonatrach holding a 43.375 percent interest and Enel holding the remaining 18.375 percent stake.



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