Statoil Announce Start-up at In Salah Southern Fields in Algeria.

Statoil and its partners Sonatrach and BP have announced the startup of its Southern Fields project on In Salah in Algeria.
The Statoil production from the southern fields will be around 22 000 equity barrels oil equivalents per day in 2016.

“Algeria is an important country in Statoil’s portfolio. Through the startup of In Salah Southern Fields we are capturing value from existing positions as part of the strategy to shape our next generation portfolio”,

says Lars Christian Bacher, executive vice president Development and Production International.
The In Salah Southern Fields project is one of several operations milestones for Statoil’s business in Algeria, all ramping up to an increase in equity production by 15-20% this year.

“Our current production of 50 000 equity barrels oil equivalents per day from Algeria is profitable even at today’s price level. With these additional profitable barrels, Algeria’s role in Statoil’s international portfolio remains significant”

Statoil farmed into the In Salah Gas joint venture with Sonatrach and BP in 2004 when the three Northern Fields Krechba, Teguentour and Reg commenced production.
Phase two of the In Salah Gas Project involved development of the four gas fields in the south of the area – Gour Mahmoud, In Salah, Garet el Befinat and Hassi Moumene.
Source: Statoil
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