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SPE.org 

Africa (Sub-Sahara) Petroceltic International said that the first of up to 24 new development wells planned in Algeria's Ain Tsila gas and condensate field was successful. The AT-10 well, situated about 2 miles from the AT-1 field discovery well, reached a total depth of 6,578 ft. Wireline logs indicated that the expected initial offtake rate would be comparable to the AT-1 and AT-8 wells, both of which test-flowed at more than 30 MMcf/D. Petroceltic is the operator with a 38.25% interest in the production-sharing contract that covers the Ain Tsila output. The remaining interests are held by Sonatrach (43.375%) and Enel (18.375%). Sonangol reported that it has found reserves in the Kwanza Basin of Angola that could total 2.2 billion BOE, including reserves in a block jointly owned with BP. Block 24, operated by BP, holds an estimated 280 million bbl of condensate and 8 Tcf of gas, totaling 1.7 billion BOE, Sonangol said in a statement seen by Reuters.

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