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Hydrocarbon Production Exceeds Forecast in 2015

Source: Algeria Times 5/19/2015, Location: Africa

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Algeria’s hydrocarbon production in the first 4 months of 2015 exceeded the initial forecasts of the national hydrocarbon group SONATRACH by more than 2% and remained stable at the same level as that of the same period in 2014, said Monday, in Algiers, the company’s Interim Chief Executive Officer Said Sahnoun.

We have produced, until the end of April, more than 2% in comparison with the initial forecasts. Compared with 2014, the level of production is the same, Sahnoun told the press on the sidelines of the ceremony of receiving by his group of the first order of the car Renault Symbol made in Algeria.

Sahnoun announced that two (02) oilfields will be put into service during the first two weeks of July 2015, namely Bir Sebaa deposit with an initial production of 20,000 to 25,000 barrels of crude oil per day, and that of Bir El-M’sena which expects to produce from 12,000 to 15,000 barrels per day.

He also announced the forthcoming signing of two agreements in the petrochemical sector with foreign partners, he said.

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