LONDON -(Dow Jones)- Sonatrach and China National Petroleum Corp. have made a new oil discovery in Algeria's Sahara, Sonatrach said Thursday, bringing finds in the North African nation to 11 this year.
In a statement posted on its Web site, Algeria's national oil company Sonatrach said drilling in Bloc 438B had encountered oil twice, with flows of 2.6 cubic meters per hour and 12.2 cubic meters per hour.
State-owned CNPC says it owns 100% of the Bloc 438B project. Sonatrach is the concessionary and partner on the block. Previous exploration on the bloc had already found oil and gas in 2007, CNPC says on its Web site.
The announcement comes after U.K.-listed Petroceltic International PLC (PCI.LN) said Tuesday it and Sonatrach had made a natural gas discovery in Algeria.
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