Algeria Maintains 2015-2019 Production Plan, Keeps Quiet On Shale

Algeria’s two planned 2015 oil field start-ups are set to come onstream in July, adding 32,000 b/d of much-needed output. Although Sonatrach has an impressive pipeline of future projects, chronic delays mean it will struggle to keep up with declining output at mature fields.

Said Sahnoum, interim CEO of Algerian state firm Sonatrach, this week said that both of Algeria’s planned 2015 oil field start-ups will come onstream in July. The much-delayed start-ups will come not a moment too soon: with output from the country’s key existing fields, Hassi Messaoud, Ourhoud and Hassi Berkine dwindling, the country’s crude output fell to a 12-year low of just 1.02mn b/d in April (MEES, 8 May). (CONTINUED - 959 WORDS)