VOL. XL

No. 39

29-September-1997

ALGERIA

Anadarko Raises Its Algerian Crude Oil And Condensates Reserves To 2Bn Barrels

The US firm Anadarko Petroleum Corporation announced on 22 September that the totalgross discovered crude oil and condensate reserves in its Algerian acreage have increasedto around 2bn barrels, compared to the previous estimate of 1.5bn barrels declared in1995. Anadarko said its reserve estimate was based on discoveries across a 5.3mn acrecontract area. Since 1989, Anadarko...