Tunisia Upstream: Strikes Over, Decline Continues, Hope Delayed To 2019

Tunisia oil output is down 10% year-on-year. A modest exploration uptick and a, not unlinked, key gas project holds out some prospect of a gas recovery.

Tunisia’s crude output averaged just 39,800 b/d for the first four months of 2018, little more than 40% of the country’s 95,000 b/d demand. Whilst output was slightly higher than the average figure for 2017 this was only ‘thanks’ to the massive series of strikes and sit-ins which crippled output last summer ( MEES, 2 June 2017 ): output for 2017 as a whole, at 38,700 b/d was the lowest since 1966, Tunisia’s virgin year of oil production.

A comparison of the first four months of 2018 with the same period a year earlier offers a clearer picture of the underlying state of play. And the picture is not a positive one: oil output is down by 10% overall, with output falling in each of the key producing regions (see chart).


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE