Project Profile

Value: Undisclosed
Location: Eastern part of Algeria
Reserves: Unknown
Area: 5,378 square kilometres


Hassi Bir Rekaiz project is located onshore in the Eastern part of Algeria. It covers an area of 5,378 square kilometres. PTTEP is the operator with 24.5% interest. Its joint venture partners of this project comprise of SonATRACH with 51% interest and CNOOC Limited with 24.5% interest. PTTEP with its partners SonATRACH and CNOOC Limited successfully discovered crude oil in the 4th and the 5th exploration wells in Hassi Bir Rekaiz project in September 2012. The 4th exploration well (OGB-1) was drilled and yielded petroleum discovery in formation of Ordovician (Ouargla Sandstone) reservoir. The flow tests were conducted and discovered the crude oil flow at approximately 485 barrels per day (BPD). Triassic Argilo Greseux Inférieur (TAG-I) reservoir which is the same formation with oil occurrence in the first well (RTF-1) in early 2012 exhibits oil flows as well but amount need to assess further.

The joint venture is considering further appraisal program for reserve assessment. For the 5th exploration well (BOG-1), it was drilled and yielded petroleum discovery in the same 2 petroleum bearing formations of Ordovician (Ouargla Sandstone) reservoir and TAG-I reservoir. According to the DST flow test, the crude oil flow at approximately 553 BPD and 1,870 BPD, respectively. PTTEP and its partners have planned in the 1st exploration phase of Hassi Bir Rekaiz project to drill 9 exploration wells during late 2011 to early 2013. At present, the exploration activities are on the half way of the campaign where 5 exploration wells were completely drilled with 4 success wells. Meanwhile, the 6th exploration well is expected to be drilled at the end of September 2012.

Operators:

SONATRACH: 51% interest

PTTEP: Operator with 24.5% interest

CNOOC Limited: 24.5% interest