Petroceltic strikes gas in Algerian concession

13 July 2011

Appraisal well connects to Ordovician reservoir

Irish company Petroceltic International has struck gas at the onshore Illizi basin in Algeria.

The AT-6 appraisal well in the Isarene permit tapped gas from the Ordovician reservoir at a depth of more than 2,000 metres.

“Initial results from the AT-6 well are very encouraging and increase the proven area of the Ain Tsila field considerably to the south-east with this large step-out,” says Brian O’Cathain, chief executive officer, Petroceltic.

The company is the operator of the Isarene permit, holding a majority stake. State-owned Sonatrach holds 25 per cent and Italy’s Enel holds less than 20 per cent of the permit.

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