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Wednesday, June 10, 2015
Crude production out of Algeria has dropped under its average rate, coming in currently at about 1.2 million bpd. The country expects to add to this number in H2 with the addition of new production.
The country will see new crude flows from the Bir Sebaa and the Bir El M’sena fields.
The country is expected to launch a licensing round in H2 in an attempt to generated new resources, although some operators are wary of Algeria’s contract terms, as well as the bureaucracy firms have to deal with to get their programs in order.
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