oil and gas

Domestic crude oil production down 8% by end October 2020 (report)

December 8, 2020

TAP)- The domestic production of crude oil stood at 1,285 thousand tons (kt) at the end of October 2020, down 8% compared to the end of October 2019, according to the report of the energy situation published by the Ministry of Industry, Energy and Mines Monday.

The production continued to decline in several fields, namely: El Borma (-23%), Adam (-38%), Cherouq (-43%), Hasdrubal (-19%), M.L.D (22%), Ashtart (-5%) and Cercina (-7%).

The Ministry recalled that the closure of El Kamour pumping station on July 16, 2020 at 16:00 has caused the gradual reduction or cessation of production in several fields in the south according to the storage capacity including 'El Borma', 'Adam', 'Oudzar', 'Anaguid East', 'Durra', 'Djebel Grouz' and 'Cherouq'.

The average daily production of oil rose from 35.8 thousand barrels / day at the end of October 2019 to 32.6 thousand barrels / day at the end of October 2020, according to the same source.

Production increased by 4% in October 2020, compared to September 2020 and decreased by 31% compared to October 2019.

The closure of the El Kamour pumping station impacted production in the southern fields, according to their storage capacity.

During the lockdown period, production in the various concessions continued at a normal pace, despite the drop due to natural decline at the main oil fields, with no significant disruptions recorded in production.

Nevertheless, a suspension or postponement of drilling or maintenance was recorded on some wells.

Natural gas resources reach 1693Ktoe at end October 2020

The natural gas resources (domestic production + tax lump sum) reached 1693 thousand tonnes of oil equivalent (ktoe), at the end of October 2020.

They therefore posted an almost stability compared to the same period of the previous year thanks to the contribution of the Nawara, Barka and Baguel and Tarfa fields which were able to compensate for the drop in production in the Tataouine fields.

Dry commercial gas production increased slightly by 0.1%.

The tax flat rate on the passage of Algerian gas dropped significantly in the first half of 2020.

The pandemic that has affected Europe and especially Italy has strongly impacted the demand for energy and therefore the quantity of gas that transits from Algeria to Italy through Tunisia.

Nevertheless, an improvement was observed from July 2020 and continued until October 2020.

6% decrease in natural gas imports:

Algerian gas purchases decreased by 6% between the first 10 months of 2019 and the first 10 months of 2020 to 2,464 ktoe, due to the economic slowdown after the implementation of lockdown measures.

It should be noted that purchases have decreased cumulatively, in April, for the first time in 2020, due to the coronavirus pandemic.

Nevertheless, even if the quantities imported were increasing previously, the rate of change began to decline from February 2020.

Therefore, the rise in purchases went from 12% in January 2020 to 10% at the end of February, to 5% at the end of March 2020. It decreased by 7% at the end of April, 5% at the end of May and end of June 2020, 7% at the end of July and 6% at the end of August, September and October 2020.

Moreover, purchases went down in October 2020 compared to October 2019 by 12%.

The domestic natural gas supply decreased by 5% between the end of October 2019 and the end of October 2020 to 4089 ktoe.

tap.info

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