Mr. Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP says that PTTEP and its partners discovered new oil field from the 6th exploration well Mouia Aissa-1 (MAS-1) drilled in Hassi Bir Rekaiz Permits, Algeria.

The well was drilled to a total depth of 3,844 meters on November 11, 2012 and yielded the petroleum discovery in formation of Triassic Argilo Greseux Inférieur (TAG-I) reservoir. The flow test (Drill Stem Test - DST) was conducted and discovered the crude oil flow at approximately 5,243 barrels per day (BPD) and natural gas flow at approximately 5.0 million standard cubic feet per day (MMSCFD) - the highest flow rate that has ever been discovered in Hassi Bir Rekaiz Permits.

PTTEP and its partners have planned in the 1st exploration phase of Hassi Bir Rekaiz Permits to drill 9 exploration wells during late 2011 to early 2013. At present, 6 exploration wells were completely drilled with 5 success wells. PTTEP and its partners are now on process of flow test the 7th exploration well.

Tags: PTT Exploration and Production Public Company Limited