By an OGJ correspondent
BANGKOK, Jan. 22 -- A three-company consortium that includes Thailand's PTT Exploration & Production PLC (PTTEP) has made an oil and gas discovery with an exploration well drilled on Algeria's onshore Block 433a and Block 416b.
The well, MOM-3, which was drilled to a TD of 3,872 m, encountered two zones of oil-bearing formation with a total thickness of 30 m.
Drillstem tests were conducted on two zones, indicating an average flow rate of 800 b/d of 48° gravity oil and 1 MMcfd of gas.
Blocks 433a and 416b, which cover a total area of 6,472 sq km, lie near Touggourt about 50 km from Hassi Messaoud, a large oil field that produces about 400,000 b/d.
PetroVietnam E&P Corp. owns a 40% share in the blocks, PTTEP 35%, and Sonatrach 25%.