Algeria’s oil fields produce high quality, light, sweet crude oil with a very low sulfur content. The country’s main crude oil grade is the Sahara blend (API gravity of 46.0° and a sulfur content of 0.10%), which is a blend of crude oils produced at fields in the Hassi Messaoud region. 3 Algeria’s largest oil fields are mature.
Does Algeria prepare oil & gas bid round?
“Algeria Prepares Oil & Gas Bid Round,” Middle East Economic Survey, Vol. 65, Issue 44, November 4, 2022. “Worldwide Look at Reserves and Production,” Oil & Gas Journal, Worldwide Report [Table], December 5, 2022. “ Crude Grades ,” McKinsey Energy Insights, accessed December 6, 2022.
What oil fields are in Algeria?
Oil fields include Hassi Messaoud oil field, Ourhoud Oil Field and Rhourde El Baguel oil field. As of 2022, Algeria produces roughly a million barrels of crude per day. Algeria has the highest technical and economical potential for solar power exploitation in the MENA region, with about 170 TWh per year. [citation needed]
Are Algeria’s largest oil fields mature?
Algeria’s largest oil fields are mature. Algeria has struggled to attract new investment in its upstream segment and been unable to prevent production declines (Figure 1). In December 2019, the Algerian government introduced a new hydrocarbons law meant to attract international investment in the upstream sector.