German independent, E.ON E&P has successfully completed the drilling and testing of the 7th exploration well in block 405a and found oil and gas in the NEY-1 well. The Rhourde Yacoub license is located in the eastern Algerian Sahara, around 250 kilometres south-east of Hassi Messaoud.
“We are very pleased with another successful discovery of oil and gas in Algeria. The results of this well are very encouraging and we will now enter a phase where we will drill several wells over the next two years to evaluate the extension of the discoveries,” says Hubert Mainitz, Managing Director of E.ON E&P Algeria. The Rhourde Yacoub license is operated by E.ON E&P with an equity share of 49%. Sonatrach holds the majority of 51%. The Rhourde Yacoub license is located in the oil and gas-prone Berkine basin and E.ONE&P was awarded this block in a license round in December 2008. Since then the company has drilled seven exploration wells and made several encouraging discoveries in the license area.