Gulf Oil and Gas accountACCOUNT

Algeria's Sonatrach to Boost Output from Rhourde El Baguel field

Source: Reuters 9/18/2017, Location: Africa

Algeria’s state-run energy firm Sonatrach will boost gas output by 10 million cubic metres per day at its giant Hassi Messaoud field and will then increase output by 6 mcm a day at nearby Rhourde el Baguel oil field, its chief executive said.

Sonatrach CEO Abdelmoumen Ould Kaddour, on a visit to the field, said Algeria could use boosting techniques to increase output at existing fields as the government looks to offset a fall in oil prices that has cut energy revenues.

“We know that the prices will be around $45 to $55 a barrel, but we have no influence on them,” Ould Kaddour said, referring to crude prices.

The Rhourde El Baguel field is located in Ouargla province, 600 km south of the capital Algiers.

The additional 16 million mcm per day will be for exports from Algeria, which is an OPEC member and a major supplier to European markets, Sonatrach officials told reporters.

Algeria’s energy earnings have fallen to $27.5 billion in 2016 from $60 billion in 2014.

The sharp fall in energy prices has prompted Sonatrach to become more flexible in dealing with foreign partners, and try to bring new projects online while also pushing to get more out of mature fields.

Production News in Algeria >>

Russia >>  12/5/2018 - Today, an official ceremony was held at the Bovanenkovskoye field to celebrate the commissioning of the field’s third and final gas production facilit...
United Kingdom >>  12/4/2018 - Apache Corporation (APA) announced it has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the N...

Peru >>  12/3/2018 - Frontera Energy Corporation (FEC) ("Frontera") announces an update on Block 192 in Peru ("Block 192"). ...
Russia >>  11/30/2018 - Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ...

Iraq >>  11/29/2018 - Output from Iraq’s Basra Gas Company (BGC) is expected to reach 1,050 million standard cubic feet per day (mcf/d) by the end of 2018, an increase of 1...
Brazil >>  11/27/2018 - Petroleo Brasileiro SA - Petrobras informs that in October its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.