VOL. XL

No. 22

2-June-1997

ALGERIA

Algerian Oil Discovery For Australia's BHP

BHP Petroleum, the oil affiliate of Australia's Broken Hill Proprietary, hasannounced an oil discovery in its Blocks 401a/402a in Algeria. The discovery was made earlierthis year but could not be announced until a confidentiality waiver was granted by the Australian StockExchange. The BHPP statement, issued on 29 May, said that exploration well Bir Sif FatimaNorth-1 (BSFN-1) was spudded on 23 March and reached a total...