Total has a 63.75 percent stake in the Timimoun exploration concession, while Algerian state energy company Sonatrach holds 25 percent and Spain's Compania Espanola de Petroleos SA, or CEPSA, holds 11.25 percent.
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France's Total Discovered Gas
France's biggest oil and gas producer Total SA has made a discovery
France?s biggest oil and gas producer Total SA has made a discovery of a new natural gas well near Timimoun in central Algeria.
Total said it was still evaluating the full potential of the well, which has been drilled to a depth of over 2 kilometers and yielded gas at a rate of 17.5 million cubic feet per day during tests.
Total has a 63.75 percent stake in the Timimoun exploration concession, while Algerian state energy company Sonatrach holds 25 percent and Spain's Compania Espanola de Petroleos SA, or CEPSA, holds 11.25 percent.
Total has a 63.75 percent stake in the Timimoun exploration concession, while Algerian state energy company Sonatrach holds 25 percent and Spain's Compania Espanola de Petroleos SA, or CEPSA, holds 11.25 percent.
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