Algeria ramps up production
Algeria Sonatrach Algeria
Currently producing some 1.2 million bopd, Bouterfa at a conference said Algeria’s goals was to “increase output by 30% by 2020.” The main increases to date have been realised at the Hassi Messaoud field, where output was raised from 420,000 bopd to 470,000 bopd, and at the Ourhoud field. Production in the Sonatrach-operated field rose from 100,000 bopd to 125,000 bopd over the past year. The company’s partners are Anadarko, Pertamina and Cespa.
A Sonatrach official told Reuters that the company aims to drill between 32 and 50 wells at Hassi Messaoud in 2016, compared with 8 in other years.
Recent Posts
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More