VOL. XXXIX

No. 45

5-August-1996

ALGERIA

Petro-Canada Lowers Reserve Estimates At Tamadanet Block

Petro-Canada announced on 31 July that recent drilling results in the northern section of the Tamadanet field "did not meet expectations", as a result of which it has reduced its estimates of gross proven and probable reserves to 22mn barrels instead of the previously announced 43mn barrels (MEES, 17 June). The statement adds that the reduction in estimated reserves is not expected to change...