Area Drilling

AlgeriaGulf Keystone Petroleum Co. of the United Arab Emirates has signed an agreement to explore Block 126 in the Ferkane region in northeastern Algeria, OPEC News Agency reported. A two-phase work program involves $15 million for acquisition of 600 sq km of 3D seismic and the drilling of three wells in 5 years followed by $9 million for another 600 km of seismic and another well.Anadarko Petroleum Corp. won Block 406 in the Berkine basin, and Rosneft and Stroytransgas, both of Russia, won block 348 in the Timimoun basin.DenmarkA group led by UAB Minijos Nafta was awarded 900,000-acre license 1/01 in southern Jutland.Other members of the group are Sterling Resources Ltd., Calgary, Danish...

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