Petroleum Africa
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Thursday, February 2, 2017
Anadarko Petroleum Corp. has seen its production in Algeria continue to see averages not experienced since 2009. The US independent saw gross production rates of approximately 404,000 boepd during Q4.
The company attributes the approximate 20,000 boepd year-over-year increase of volumes to its $43 million of 2016 capital investment on its Algerian assets.
The El Merk produced at rates of more than 160,000 boepd. The HBNS facility achieved production rates of approximately 118,000 bpd of oil during the quarter.
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