E.ON: More oil and gas in discovered in Algeria

E.ON AG and Algerian state energy firm Sonatrach have made further oil and gas discoveries in the Rhourde Yacoub license area in Algeria, E.ON said on Tuesday. The Rhourde Yacoub license is operated by E.ON E&P with an equity share of 49 per cent, while Sonatrach holds the majority of 51 per cent. The Rhourde Yacoub license is located in the oil and gas-prone Berkine basin and E.ON subsidiary E.ON E&P was awarded this block in a license round in December 2008. Since then the company has drilled 7 exploration wells and made several discoveries in the license area. From ahramonline