National crude oil production fell by 13% at the end of April 2024, compared with the same period in 2023, reaching 449 kt (kilotonnes), according to the monthly report on the energy situation published by the National Observatory of Energy and Mines.
This decline affects several fields, namely Gherib (-36%), Ouedzar (-76%), Nawara (-25%), M.L.D. (-25%), Ashtart (9%), Baraka (-52%) and El Hajeb/Guebiba (-11%).
On the other hand, other fields recorded increases in production, namely Sidi Marzoug (+14%), Bir Ben Tartar (+70%), Sidi Litayem (+26%) and Adam (+1%).
Average daily oil production went down from 33,7000 bbl/d at the end of April 2023 to 29,700 bbl/d at the end of April 2024.
- Natural gas resources decline by 21%
Natural gas resources (domestic production + fiscal package) reached 715 ktoe at the end of April 2024, down 21% compared to the same period last year.
Dry commercial gas production decreased by 30% and the royalty for the transit of Algerian gas decreased by 5% to 316 ktoe at the end of April 2024 compared to the end of April 2023.
Furthermore, the breakdown of the total royalty between the royalty ceded to STEG and the royalty exported shows that the major part is ceded to STEG (85%).
The flat tax on the transit of Algerian gas fell significantly in the first half of 2020, as the pandemic that hit Europe and Italy in particular had a major impact on energy demand and consequently on the volume of gas transiting from Algeria to Italy via Tunisia.
However, the situation improved from July 2020 and continued to improve in 2021, 2022 and 2023. Purchases of Algerian gas fall by 5% to 683 ktoe between end-April 2023 and end-April 2024. Domestic gas supplies fall by 9% to 1,352 ktoe between the end of April 2023 and the end of April 2024.
