VOL. XXXVII
NO. 21
21-FEBRUARY-1994
Algeria
Cepsa To Develop Rhourde Yacoub Discovery
The Spanish firm Compania Espanola de Petroleos SA (Cepsa) has announced thatits discovery in Block-406a at Rhourde Yacoub, made in September 1992, containsaround 100-150 million barrels of light crude oil. The company will spendapproximately 23bn pesetas ($161mn) over the next five years to develop thefield, with production expected to start in 1996 at an initial rate of 5,000b/d.
Sonatrach signed a joint venture...
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