Dragon Oil in partnership with ENEL Trade S.p.A. (Enel) has been awarded two exploration blocks (perimeters) in Algeria, Tinrhert Nord Perimeter and Msari Akabli Perimeter.
Tinrhert Nord Perimeter
The Tinrhert Nord Perimeter in which Dragon Oil will hold a 70% participating interest and be the operator with Enel holding the remaining 30% is in the Illizi Basin in Eastern Algeria and near a number of producing oil and gas fields. The total area of the perimeter is 2,907 km2. A number of undeveloped discoveries have been previously identified on the perimeter. The commitment during the exploration period includes acquisition and interpretation of 2D seismic data and drilling four wells.