FIELD ACTIVITIES / Burlington Resources And Talisman Announce Successful Appraisal Well In Algeria
HOUSTON--(BUSINESS WIRE)--Jan. 19, 1999--Burlington Resources Inc. (NYSE:BR) through its wholly-owned subsidiary, LL&E Algeria Ltd.; Sonatrach, the National Oil and Gas Enterprise of Algeria; and Talisman Energy Inc. (NYSE:TLM) of Canada through its wholly-owned subsidiary, Talisman (Algeria) B.V.; today announced successful test results from the MLN-5, an appraisal well on the Menzel Lejmat Block 405 in the Berkine Basin of Algeria. An 8 meter (26 feet) zone in the Devonian Upper Strunian F1 Formation was tested and flowed at 6,820 barrels of 44 degree API gravity oil and 6.77 million cubic feet of natural gas per day on a one-inch choke with 1,038 psi flowing wellhead pressure. Two other thin hydrocarbon zones identified in the Devonian Lower Strunian and in Carboniferous sandstones were not tested and will be evaluated in future drilling.
LL&E Algeria Ltd. operates the MLN-5 well, located approximately 2.6 kilometers (1.6 miles) south-southwest of the MLN-4 well, which tested oil at a rate of 11,144 barrels per day from a Devonian Formation and 11 kilometers (6.8 miles) east-northeast of the MLW-1, which tested oil at a rate of 1,545 barrels per day. Both wells produced from the same Strunian F1 Formation as the MLN-5. The MLN-5 well is also located 13.7 kilometers (8.5 miles) north-northeast of the MLE-1 well, which flowed 1,197 barrels of oil per day from the Strunian F1.
Bobby S. Shackouls, BR's Chairman, President and Chief Executive Officer commented, ''The Upper Strunian Formation is clearly a very productive and widespread reservoir in Block 405. Further studies are currently underway to establish its full extent and potential.''
Burlington Resources, through its wholly-owned subsidiary, LL&E Algeria Ltd., has a 65 percent working interest in this productive area under a Production Sharing Contract with Sonatrach. Talisman Energy Inc. through its wholly-owned subsidiary, Talisman (Algeria) B.V.; holds the remaining 35 percent working interest. Sonatrach has an option to participate in the development and production of commercial discoveries. Burlington Resources and Talisman are entitled to recover exploration costs out of production during the exploitation phase.
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