Sonatrach makes 1.3 billion barrel oil discovery in Algeria

oil algeria-cfiesler flickrSonatrach has discovered an oilfield with an estimated 1.3bn barrels of deposits in southern Algeria, according to sources at the country's oil ministry

According to Algerian energy minister Youcef Yousfi, the find near Amguid Messaoud Basin was “one of the most important that Sonatrach has made in the past 20 years”.

The discovery was made 112km from the Hassi Messaoud Oil Field - the North African country’s biggest oilfield.

Yousfi added that Sonatrach would have to use non-conventional methods to extract oil from the new field.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W:

twn Are you sure that you want to switch to desktop version?