Vol. XL

No. 2



Agip Makes New Find In Block 403a

Italy's Agip announced last week that it had madea new oil discovery in Block 403a in Algeria. The statement, issued on 8 January, saidthat delineation well Hassi Berkine North No. 2 (HBNN-2) tested in excess of 12,000 b/d of42ºAPI crude oil. Last April, Agip's HBNN-1 discovery well tested 15,000 b/d of 41ºAPIcrude. The two wells in Block 403a are located some 700-800 kms. south of Algiers.Sonatrach and Agip are currently...