PetroVietnam found oil in the Bir Seba field, located in the Saharan Touggourt area, after 63 drilling days. Industry sources said this was the shortest drilling period ever recorded.
PetroVietnam has also signed a contract with Kuwait and Japan for a $2.5 billion oil refinery and petrochemical complex. The Vietnamese company was also preparing for oil and gas exploration projects in Iran and Tunisia.
The sources estimated that the Algerian oil field would produce more than 5,000 barrels a day. They said full production could begin in 2009.
Via [World Tribune]
That's completely false, the drilling record ever done was performed by Pioneer Natural resources in Tunisia with the H&P Flexrig 424 with only 40 drilling days.
