New Algeria upstream oil projects have been few and far between in recent years, with the majority of start-ups comprising gas developments. As a consequence, the Opec-member’s production capacity has gradually waned as natural decline from maturing fields set in.
But Thai-state firm PTTEP’s 50-60,000 b/d Hassi Bir Rekaiz (HBR) project in the Berkine Basin offers a vital pillar of support. Though delayed by a few years from initial aspirations (MEES, 22 March), PTT now says it is gearing up for first phase output by the end of 2021. (CONTINUED - 823 WORDS)