New Oil Discovery For Repsol In Issouane Area
Spain's Repsol has made a new oil discovery in its Issouane permit in the Illizi Basin, around 600 kms. south of the Hassi Messaoud oilfield. According to a Sonatrach announcement in Algiers on 4 January, two preliminary production tests of the Tifernine No.2 well yielded a flow rate of 1,000 b/d. In April 1993, Repsol made two oil discoveries in the same permit and encountered oil accumulations in...