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ANADARKO ANNOUNCES RESULTS OF ALGERIAN WELL

 HOUSTON, Sept. 27 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) and Sonatrach, the national oil and gas enterprise of Algeria, and other partners said today that results of a confirmation well drilling in Algeria -- The EMK No. 2 -- were inconclusive as to the commerciality of the oil discovery which the company announced in March 1993. Details on the EMK No. 1 well are shown below.
 The EMK No. 2 was drilled three miles northeast of the initial discovery well and encountered oil bearing sands in a Triassic zone. The well tested at non-commercial rates flowing 45 degree gravity oil with no water from sands with lower reservoir quality than the initial discovery.
 The drilling rig is being moved six miles to the south, where the partners will drill the third well in the area. The EME No. 1 is expected to spud in mid-October 1993 and will test both Triassic and Devonian reservoir objectives.
 In addition, the partners have secured a second drilling rig which is being mobilized to Block 404 to drill a wildcat well -- the HBN No. 1, beginning in early November 1993. The partners plan to use these two rigs to drill additional prospects in 1994.
 BACKGROUND: In February 1993, Anadarko and its partners announced an oil discovery at the company's EMK No. 1 well in Algeria, which indicated the presence of hydrocarbons in two Triassic zones. The first zone tested at a rate of 1,972 barrels of 46 degree API gravity crude oil per day and 3.7 million cubic feet per day (MMcf/d) of natural gas. The second zone tested at 1,750 barrels of 58 degree API gravity crude oil per day and 13.6 MMcf/d of gas.
 In 1989, Anadarko Algeria Corporation (a wholly owned subsidiary of Anadarko) entered into a production-sharing agreement with Sonatrach which gives Anadarko Algeria the right to explore for and produce liquid hydrocarbons in a 6 million acre area in Algeria. Sonatrach is the beneficial owner of 10.8 percent of the company's common stock.
 Anadarko is operator and has a 50-percent working interest in the well. Other partners in the Algerian venture -- each with 25-percent working interest -- are LASMO Oil (Algeria) Limited, a wholly owned subsidiary of LASMO plc; and, Maersk Olie Algeriet A/S, a wholly owned subsidiary of Maersk Olie og Gas AS, a company in the Danish A.P. Moeller group.
 Anadarko Petroleum Corporation is one of the nation's largest independent natural gas and crude oil exploration and production companies. Anadarko's exploration, development and production activities are concentrated in North America's primary geologic basins onshore and offshore. Exploration efforts also are conducted in frontier areas of the United States and overseas. Anadarko has activities in 20 states and three Canadian provinces.
 -0- 9/27/93
 /CONTACT: A. Paul Taylor Jr. of Anadarko Petroleum Corporation, 713-875-1101/
 (APC)


CO: Anadarko Petroleum Corporation; Sonatrach; Anadarko Algeria
 Corporation ST: Texas IN: OIL SU:


LG -- NY032 -- 5846 09/27/93 10:12 EDT
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Publication:PR Newswire
Date:Sep 27, 1993
Words:496
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