Petroceltic discovers gas in Algeria

22 September 2009

Irish firm makes third find at Isarene concession

Irish oil and gas exploration and production firm Petroceltic has made a gas discovery at one of its Algerian concessions, according to a company statement issued on 22 September.

A well drilled to explore the Isarene concession in southeast Algeria, AT-1, produced 11,400 cubic feet a day (cf/d) of gas under test conditions, according to the the company. It also produced about 210 barrels a day (b/d) of condensate.

The find was better than expected, said Petroceltic. Exploration and testing at the well is complete, and the well is ready for commercial production at a later date.

Petroceltic will now drill a second well, AT-2. Drilling at other wells is congoing. To date, the company has made three gas finds at the Isarene concession.

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