Middle East Economic Survey


No 45



First Calgary Reports On Tests And Drilling In Block 405b

First Calgary Petroleums (FCP) said on 25 October that the GSM-1 well in Ledjmet Block 405b in Algeria had discovered oil in the Devonian F6-1 zone at a depth of 4,176ms. The GSM-1 well tested from the F6-1 zone at a normalized rate of 1,714 b/d of 46 API crude oil and 1.1mn cfd of gas. From the F6-2 zone, the GSM-1 well tested a minor inflow of gas and condensate, potentially...