Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Production at two Algeria gas fields recently started, which Italy’s Eni SpA said will help “satisfy the demands of the European market.”
Eni and Algerian state oil and gas producer Sonatrach announced on Oct. 10 the recent start of production from the two gas fields within the new Berkine South contract at 1 million cubic meters per day. Output will reach two million before the end of the year to boost Algeria’s gas exports, Sonatrach added.
Berkine South is the first contract to be signed under the new Algerian hydrocarbon law 19-13 and is operated by Eni and Sonatrach. The new volumes are added to the Berkine North contract and other operated regional activities, according to Eni’s release.
Following this operation and the development programs in the Berkine basin, Eni’s production in Algeria is expected to reach over 120,000 boe/d in 2023.
Eni has been present in Algeria since 1981 and is currently the main international energy company operating in the country. In September, the company announced that it had agreed to acquire BP’s operations in Algeria, including “In Amenas” and “In Salah”, which the company said was “the most important gas production fields operated by international companies in the country.”
Recommended Reading
Turning Down the Volumes: EQT Latest E&P to Retreat from Painful NatGas Prices
2024-03-05 - Despite moves by EQT, Chesapeake and other gassy E&Ps, natural gas prices will likely remain in a funk for at least the next quarter, analysts said.
Arctic Vortex Pumps Up Natural Gas Demand, But It Won’t Last
2024-01-16 - Cold temperatures caused higher gas usage and dropped production, but the spike in demand is unlikely to have lasting effects.
CNX Joins Crowd of Companies Cutting Back NatGas Production
2024-03-12 - Appalachian gas producer CNX Resources is reducing natural gas production in 2024 and announced delays for well completions on three shale pads.
Southwestern, Chesapeake Energy Near $17 Billion Merger - Report
2024-01-07 - Southwestern and Chesapeake's deal would create a roughly $17 billion company that would rank as one of the largest U.S. natural-gas producers.
Midstream Builds in a Bearish Market
2024-03-11 - Midstream companies are sticking to long term plans for an expanded customer base, despite low gas prices, high storage levels and an uncertain political LNG future.