Continental Focus, International Reach

Sonatrach to Invest in Hassi R’Mel

Monday, November 13, 2017

Sonatrach, the Algerian state firm, will inject about $2 billion to maintain production at the country’s largest gas field, according to local media reports. The field, the Hassi R’Mel, produces between 190 and 210 Mmcm/d.

Company CEO, Abdelmoumen Ould Kaddour, said the goal of the investment is to keep production around 190 Mmcm/d over the next 10 years, with foreign companies increasing their yearly output by 10 million tons of oil equivalent.


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