Middle East Economic Survey

VOL. LII

No 47

23-Nov-2009

ALGERIA

Petroceltic Reports New Gas Discovery On Its Isarene Permit

AIM-listed Petroceltic last week announced the second success of its current drilling campaign, at the gas-prone Isarene permit in southeast Algeria. The INE-2 well, which was drilled to a depth of 1,020ms in June, targeting the Devonian F2 formation, tested gas at a rate of 4mn cfd through a 1-in choke, without the use of fracture stimulation. The Dublin-based company said...