Middle East Economic Survey

VOL. L

No 21

21-May-2007

ALGERIA

Gulf Keystone Abandons Well GRJ-2 On Block 126a

Gulf Keystone, the UAE-based oil company that Ras al-Khaimah (RAK) Petroleum agreed to purchase last month for $410mn, has abandoned the testing of well GRJ-2, located on Block 126a in Algerias Constantine Basin (MEES, 23 April). Drilled in late 2005, the well was not tested at the time due to the lack of suitable equipment in Algeria. During recent operations, Gulf Keystone perforated two...