ALGERIA

(in North Africa)

CAPITAL: ALGIERS

POPULATION: 33 mm

AREA (on): 2,382,000 km2

OIL PEAK: 2012 (forecast)

SUPPLY

As a member of OPEC, Algeria restricted output during the late 1980s. However since 1995 it has had only limited spare (non-natural gas liquids) capacity and has produced near maximum rates although some modest restrictions are occasionally achieved.

Output capacity is increasing, spurred on by the return of foreign companies in the early 1990s. It is forecast that growth will continue after 2010 up to a peak in 2014 after which new field developments and natural gas liquids will be unable to offset decline in the older fields, particularly the giant Hassi Messaoud field.

The country has large non-associated gas reserves including the giant Hassi RíMel field. Gas output will expand rapidly as new markets appear in southern Europe, however growth will flatten off towards the end of the 2010s.

 

DEMAND

Both oil and gas consumption has increased since 2000 as the country has developed rapidly and increased its exports. Slower growth in oil use is forecast although gas demand is expected to continue to expand rapidly.

Algeria is a major oil and gas exporter. After declining in 2009 oil exports will rise to a second peak in 2013/2014 whilst gas exports, largely to Italy and Spain, will continue to grow up to a plateau towards 2018.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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