New Algerian Oil Discovery for Italy's Agip
Italy's Agip has made a new oil discovery in southeastern Algeria locatedsome 220 kms. southeast of the Hassi Messaoud oilfield. The discovery well isreported to have tested at 6,000 b/d of 42 API crude.
Agip has made two previous oil discoveries in Algeria: four years' ago atRhourde Ouled Messaoud, 160 kms. east of Hassi Messaoud, where the discoverywell tested at 5,000 b/d of 40 API crude; and last year at Bir...