VOL. XLIV

No. 19

7-May-2001

ALGERIA

Canada痴 First Calgary To StartExploration Activities On Algerian Block 406A

First Calgary Petroleums Ltd (FCP)of Canada announced on 1 May that it will commence exploration operations inAlgeria痴 Rhourde Yacoub Block No. 406A, which it holds under a joint venturewith Algeria痴 state oil company Sonatrach (MEES, 22 January and 23April). The block covers an area of 1,091 sq kms in the Berkine Basin in whichmore than 5bn barrels of oil have been discovered in the...