Middle East Economic Survey


No 8



Petrovietnam To Invest $3Bn In Blocks 433a/416b

Petrovietnam Investment and Development Company (PIDC) on 14 February said up to $3bn would be invested to develop Blocks 433a/416b in Algerias Touggourt region. In January a discovery was made at the BRS-6bis well in the Bir Seba structure that tested at a rate of 5,100 b/d of 44 API crude and 4.8mn cfd of gas (MEES, 16 January). Petrovietnam is operator with a 40% interest in the...