Ireland’s Petroceltic wants to sell an 18.375 per cent stake in the Algerian gas field Ain Tsila.

The exploration company originally owned 75 per cent of the field in south-east Algeria, but has already sold a similar stake to Italy’s Enel in April leaving it with 56.625 per cent. Algeria’s Sonatrach owns 25 per cent.

The field produces 38.6 million cubic feet a day of gas and 1,100 barrels a day of condensate.