PTTEP & Partners Strike on the Bir Seba Field in Algeria

PTTEP's Algerian subsidiary, PTTEP Algeria Co., Ltd. and partners PetroVietnam and Sonatrach have made an oil discovery on Blocks 433a and 416b in Algeria.

The appraisal well BRS-6bis was spudded on October 6, 2005. The well was drilled to a total depth of 3,937 meters. The final test confirms the hydrocarbon potential of Hamra Quartzite in Bir Seba structure with a maximum flow rate of 5,100 barrels of crude oil per day (44o API) and 4.8 million cubic feet of natural gas per day. This is a confirmation of Bir Seba oil discovery in the blocks 433a & 416b.

As a result of the successful test on BRS-6bis well, an aggressive and comprehensive appraisal plan is being prepared to bring the Bir Seba field into production program.

Participants are PTTEP Algeria Co., Ltd. with 35%; PetroVietnam with 40% and Sonatrach with 25%.