StatoilHydro says makes new Algeria gas discovery
Norway’s StatoilHydro has made a new gas discovery in Algeria’s Hassi Mouina licence area, the company said on Thursday.
StatoilHydro said that the appraisal well, dubbed Tinerkouk 2 (TNK-2), well tested dry gas and was the sixth positive well that it has drilled in the area so far. “StatoilHydro and partner Sonatrach are pleased with the results of the well,” StatoilHydro said in a statement. It did not give a volume estimate. StatoilHydro has a 75% interest and Algeria’s Sonatrach 25% in Hassi Mouina. (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.