No 16



Thailands PTTEP In Talks To Farm Into Algerias Block 433a And 416b

Thailands state-owned PTT Exploration and Production Company (PTTEP) announced on 9 April that it was in talks to farm into Blocks 433a and 416b near Touggourt, 50km from Hassi Messaoud. PTTEP has agreed a spending commitment of $13mn for the blocks, which cover a gross area of 6,472 sq km, in the first three years. The program contains commitments to carry out seismic surveys and drill three...