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GDF Suez SA Announces Discovery of Natural Gas in Algeria Under Permit Held in Partnership with Repsol SA, Enel SpA and SONATRACH

Wednesday, 7 Nov 2012 07:00pm EST 

GDF Suez SA announced the discovery of natural gas in the Illizi basin in south-east Algeria. The Tihalatine Sud-1 (TIHS-1) well was drilled to a depth of 1,192 meters in the Ordovician shale. A production test produced a gas flow from the Ordovician reservoir of 105,000m3 per day. GDF Suez SA holds 9.8% of the south-east Illizi permit along with Repsol SA (25.725%) and Enel SpA (13.475%), in partnership with SONATRACH, which holds the remaining 51%. 

Company Quote

-0.03 -0.71%
19 Sep 2014