Word: hassi
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...gang of wildcatters toiling after oil in the broiling Sahara sun found themselves regarded last week as France's best hope of the future. Their latest dramatic find, tapped and capped at Hassi Messaoud, in the southeastern quarter of war-torn Algeria, skyrocketed shares of the Compagnie Française des Pétroles from 34,000 francs last year to 61,000 francs two weeks ago. From Hassi Messaoud and neighboring Algerian fields recently opened, there was now the promise of an assured yield of 60 million bbl. of oil a year. (Controlled 1956 production by U.S. wells...
None was more aware of this than the derrick monkeys, roughnecks, rock hounds and pebble puppies sweating in the 130° heat at Hassi Messaoud. Not for pay alone, which averages $400 a month, but from a patriotic spirit of excitement, the 83 Frenchmen (average age, 25) faced the needling, bone-dry winds and the oven-hot, reddish-yellow sand of the vast desert. Working peacefully shoulder to shoulder with them were 134 Algerian Berbers...
They plan to invest $700 million there in the next four years, build pipelines from Hassi Messaoud and oil-rich Edjelé to coastal ports. Said French Chief Engineer Christian Redron at Hassi Messaoud: "In a few years we may no longer have to depend on the whims of a Nasser...
...produce at a rate of 3,500,000 bbl. a year for France by 1958, although there are now only three wells. To meet that short-range goal, the Cabinet last week allocated $6,000,000 to build two 150-mile, 10 in. pipelines from the oilfields at Hassi-Messaoud and Edjeleéé to the rail terminal at Touggourt in the northeast Sahara. From there the oil would travel 338 miles by train to the Mediterranean at Philippeville, Algeria. By 1960 Lemaire hopes to increase production to 70 million bbl. from reserves that are estimated at more than...