Algeria El Merk oil field to contain at least 100 mm barrel

Apr. 1, 1998 The participants in the Algerian El Merk North oil field have said the field contains at least 100 million barrels of reserves. "We're looking at an upside of 100 mm barrels, but more appraisal work has to be done," said a spokesman.
Lasmo has a 25 % stake in the field which lies in the Berkine Basin close to the borders with Libya and Tunisia. U.S. Anadarko, the operator, owns 50 %, Lasmo owns 25 % and 25 % is held by Maersk Olie Algeriet.
Lasmo and Anadarko announced that an exploration well on the field had been tested at 21,395 barrels of 47 degree API oil per day and 15.3 mm cfpd of gas through three 11/2 inch chokes.
"At over 21,000 bpd, the field has tested at the highest flow rate achieved to date from discoveries on this acreage and demonstrates the prolific nature of this area," said Lasmo 's COO John Hogan.

Lasmo is also carrying out exploration in Libya and as well is planning to drill wells at a concession known at Jenein South in Tunisia later this year.