By Alex MacDonald
LONDON--Petroceltic International PLC (PCI.LN) said Monday that
Groupement Isarene, the joint venture responsible for operating
Algeria's Ain Tsila gas and condensate field, has awarded a
drilling rig contract to China's Sinopec International Petroleum
Service Corp.
The rig will drill up to 24 new development wells, the first 12
of which are located in the northern region of the field.
The next important project milestone will be the launch of a
tender for the engineering, procurement and construction contract
in the second quarter of this year.
"The project remains on track to deliver first sales gas in [the
fourth quarter] 2018," said Petroceltic Chief Executive Brian
O'Cathain.
The Groupement Isarene joint venture is composed of Sonatrach,
Petroceltic and Italy's Enel SpA (ENEL.MI).
-Write to Alex MacDonald at alex.macdonald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires