E.ON Exploration & Production and state-owned Sonatrach have made an oil and gas discovery in the Rhourde Yacoub license area in Algeria
The Rhourde Yacoub license is located in the oil and gas-prone Berkine basin, 250km south-east of Hassi Messaoud.
E.ON E&P, in cooperation with Sonatrach, has completed the drilling and testing of the seventh exploration well in block 405a and found oil and gas in the NEY-1 well.
“The results of this well are very encouraging and we will now enter a phase where we will drill several wells over the next two years to evaluate the extension of the discoveries,” said E.ON E&P Algeria managing director Hubert Mainitz.
E.ON E&P was awarded this block in a license round in December 2008.
The Rhourde Yacoub license is operated by E.ON E&P with an equity share of 49 per cent, while Sonatrach holds a majority stake of 51 per cent.
