Petroceltic Spuds First Development Well in Algeria

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Petroceltic International and its partners on the Isarene Permit in Algeria, Enel and Sonatrach, have started development drilling on the Ain Tsila gas and condensate field. The Sinopec Rig 50117 arrived on the Isarene Permit in November and was successfully assembled and tested.

The first well in the development program, the AT-10, was spud on 21. The well is located approximately 3.4 km from the field discovery well AT-1, and 2.0 km from the appraisal well AT-8. Each of these wells delivered gas flow rates in excess of 30 Mmscf/d on test.

The AT-10 is the first of up to 24 new development wells on Ain Tsila expected to be required to establish and maintain the currently approved annual average wet gas plateau rate of 355 Mmscf/d.

In addition to the commencement of development drilling, the of the major field EPC contract covering main field facilities and pipelines is progressing.

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