Middle East Economic Survey

VOL. XLVIII

No 4

24-January-2005

ALGERIA

First Calgary Updates Berkine Gas/Liquids Reserves After Study

Canadas First Calgary Petroleums (FCP) announced on 17 January it had received a summary of its Algerian gas and liquids reserves as estimated by DeGolyer and MacNaughton. The gross proved, probable and possible recoverable reserves have increased to 8.4 tcf of gas and 860mn barrels of oil, condensate and LPG. The reserves estimates relate to Ledjmet Block 405b and...