Algeria’s hydrocarbon production has been falling steadily since 2008 and export earnings dropped by 6% in the first half of 2013. New and imminent developments will stabilise production over the next five years but, with few other projects in the pipeline, the recovery could be short-lived. In the face of limited exploration by foreign investors and delays to the next licencing round, Sonatrach has now taken matters into its own hands and stepped up its upstream activity.
Table of contents
Facing up to the challenge
Drill, drill, drill
Tables and charts
This report includes 6 images and tables including: