Middle East Economic Survey

VOL. XLVIII

No 5

31-January-2005

ALGERIA

Petrovietnam Spuds First Exploration Well In Algerias Touggourt Blocks

Petrovietnams offshore subsidiary Petroleum Investment and Development Corporation (PIDC) has spudded the first of three wells in a back-to-back drilling program on its Touggourt blocks 433a and 416b in the Oued Mya region, the Vietnam News Agency reported on 24 January. The Algerian blocks represent Petrovietnams largest ever contract to explore and develop...