Ain Tsila For First Gas In 2017

Development work on the two trillion cubic feet Ain Tsila Field in Algeria is expected to commence in 2014 and
first gas is planned for the third quarter 2017, according to Petroceltic, the British operator.
Gas will flow initially from an estimated 18 vertical wells produced through a new gas processing plant at an annual average wet gas plateau rate of 355 million standard cubic feet/day. The plateau length is 14 years and an
additional 106 development wells are estimated to be required during the period to maintain this production plateau.
State hydrocarbon company Sontrach(which holds 25%), Italian independent Enel(18.375%) and operator Petroceltic (56.625%), have all agreed to a Formal Declaration of Commerciality in respect of the field, situated
in the Illizi Basin of Algeria. Ain Tsila is part of the Isarene Production Sharing Contract (the “PSC”).
The Final Discovery Report (field development plan), submitted in January 2012, along with the Declaration of Commerciality and supporting documentation will now be passed to the Algerian Competent Authorities.
Following their approval, the PSC parties will be granted a 30 year exploitation permit for the Ain Tsila field.