Middle East Economic Survey

VOL. XLVIII

No 15

11-April-2005

algeria

First Calgary Updates Algerian Reserves

Canadas First Calgary Petroleums (FCP) has issued an update of its oil and gas reserves in Algeria, as of 31 December 2004, as estimated by DeGolyer and MacNaughton. An FCP statement on 31 March said gross proved, probable and possible recoverable reserves attributed to the Ledjmet 405b and Rhourde Yacoub 406a blocks in the Berkine Basin were estimated to be 13tcf of natural gas equivalent,...