Middle East Economic Survey


No 39



Petroceltic Hails Isarene Gas Discovery

Dublin-based Petroceltic International last week announced a new discovery on the Isarene permit in southeast Algeria, saying drilling had exceeded expectations, and describing the latest well as the most prolific single zone well tested on the Isarene permit to date. The AT-1 well was tested in the Ordovician zone at a depth of 1,915ms, and flowed gas at a rate of 11.4mn cfd through a 2-in choke,...