Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

ALGERIA

First Calgary Petroleums Abandons RTN-1 Exploration Well On Block 406A

First Calgary Petroleums (FCP) announced on 8 September that it would abandon the RTN-1 exploration well on Block 406a after encountering non-commercial quantities of oil and gas. The drilling of RTN-1 began in August. FCP earlier suspended operations on the ZCHW-1 well due to mechanical difficulties (MEES, 1 August). Once RTN-1 is completely abandoned, the...