US independent Anadarko is the largest foreign oil producer in Algeria. It’s fields in the Berkine Basin – El Merk and HBNS which it operates, and Ourhoud operated by Cepsa – produced a collective 317,000 b/d in Q3. Though volumes have been in steady decline, the firm considers its Algerian position as highly lucrative in terms of free cash flow – Algeria provided Anadarko with net oil output of 66,000 b/d for Q3, 17% of the company total, whilst spending was a mere...
Anadarko Eyes Algeria Extension
Published on Fri, 09 Nov 2018 - Volume: 61 Issue: 45Print
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