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...