Continental Focus, International Reach

Hassi Messaoud Flows Reined in for OPEC Cuts

Monday, February 27, 2017

Algeria’s Hassi Messaoud, the country’s largest oil field, is the site of the country’s production cut under the OPEC agreement to bolster crude prices. The government is capping production at 430,000 bpd.

Besides being Algeria’s largest oil field, the Hassi Messaoud is also one of the mature fields that Sonatrach has been investing in to boost production.

“We could have done more, we could produce more oil, but we must respect our quota,” Hassi Messaoud’s production chief Ali Neghmouche was cited by Reuters as saying.

Algeria’s total oil output was previously estimated at 1.1 million bpd, but it has cut production by 50,000 bpd to adhere to an agreement by OPEC members to rein in output.

Neghmouche said Algeria was taking the OPEC quota deal as an opportunity to also do some maintenance on Hassi Messaoud facilities. “We have 1,500 wells and we continue to dig in the Hassi Messaoud region,” he said.


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