Algeria, Petrogas E&P sign study deals on key oil basins
Agreements cover Touggourt, Berkine; aim to reassess reserves
No exploitation yet; part of strategy to boost oil output
Algeria’s national hydrocarbons agency, Alnaft, signed two study agreements with Oman’s private oil company, Petrogas E&P, during the North Africa Petroleum Exhibition and Conference (NAPEC 2025) in Oran.
The agreements, signed on Wednesday, October 8, according to Algerian media, cover the Touggourt and Berkine basins, two of the country’s main oil-producing regions. Algeria’s national output stood at 947,000 barrels per day (bpd) at the end of August, according to data compiled by Trading Economics.
The studies aim to reassess geological structures, seismic data, and reservoir characteristics in both basins. The objective is to update estimates of remaining hydrocarbon potential ahead of possible future investment programs.
Both areas are regarded as mature fields where production remains substantial but requires updated geological data to help stabilize national output. In the southeastern Touggourt field, for example, production rose to 60,000 bpd in 2023, up from an estimated 45,000 bpd previously, following the phased commissioning of new wells drilled since 2016.
The Berkine basin, a historic hub of Algerian oil exploration, saw state-owned Sonatrach and its partners report several crude oil and gas discoveries in 2023, with flow rates reaching up to 3,000 bpd of oil and 219,000 cubic meters per day of gas, according to Sonatrach’s April 2023 statements. The Berkine Grouping (Sonatrach-Occidental-Eni) says the region has already produced more than 1.7 billion barrels since operations began, highlighting the strategic importance of these fields.
Governed by the 2019 Hydrocarbons Law (Law No. 19-13), these technical study agreements do not involve immediate exploitation commitments. Alnaft has signed around a dozen similar partnerships since 2022 as part of a broader effort to reduce exploration risks and support the recovery of national oil production.
Abdel-Latif Boureima
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for intra-African trade businesses Initiative aims...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime against humanity Backed by AU, CARICOM; aims support...
Benin hosts trilateral military talks with Côte d'Ivoire and France Discussions focus on intelligence sharing, training, counterterrorism...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...