25 April 2024
PetroCeltic in talks to sell Algerian gas field stake
Publication date: 11 October 2011
Gas Strategies Group
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Independent oil and gas company Petroceltic said it is in talks to sell its stake in the Ain Tsila natural gas field in Algeria to one of many interested oil majors, as the scope of development continues to grow. After successful fracturing the discovery more than doubled the pre-facture flow rate forecast, highlighting the field’s potential.