Tullow Oil has spudded an exploration well in the Agip-operated Block 222b in southern Algeria. A 1,093 kilometer 2D seismic infill program has been completed, and all pre existing seismic data reprocessed. Results are expected before the end of the month, stated a press release.
The data is being interpreted and integrated with newly acquired hyperspectral and Gore-Sorber geochemical surveys. The possibility exists for both structural and stratigraphic traps with considerable upside potential as seen in the nearby Tin Fouyé field.
Tullow Oil is a UK registered company and has interests in 54 exploration and production licenses spread over South Asia, Africa, and Europe. The company holds a 30 percent stake in the 222b well in Algeria. Is partners in the project include Agip with a 50 percent stake and Teikoku with a 20 percent stake. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
