Cepsa Starts Production From Algeria At 15,000 B/D
MEES is reliably informed that the Spanish firm Compania Espanola de Petroleos (Cepsa) started production from Algeria in early May at an initial rate of 15,000 B/D from the Rhourde Yacoub Block 406a. Sonatrach signed a joint venture agreement with Cepsa in February 1988 for the 1,500 sq. km. block in the Eastern Erg in southeast Algeria. The agreement provided that Cepsa undertake to explore at its...