LIBYA/ALGERIA

 

Sonatrach Targets 2013 Libyan Production

Algerian state firm Sonatrach is looking to fast-track discoveries on its Area 65 acreage in Libya’s Ghadames Basin to first production by the end of next year. Sonatrach CEO ʹAbd al-Hamid Zerguine told Algerian state news agency APS that four 2009-10 wells drilled on the acreage had indicated reserves of 45mn barrels, which he expected the company to bring to production “within 12-18...