Bloomberg: Algeria Gas, Oil Production to Double in 10 Years, Yousfi Says

Algeria’s oil and natural gas output should double in seven to 10 years as it brings on stream fields in under-explored regions, Energy Minister Youcef Yousfi said.

The North African nation continues to find oil and gas in the eastern region where most of its producing fields are located, he told reporters today in London. It plans to step up exploration in the south-western region, start offshore drilling and develop shale and tight gas reserves, he said.

“In the mature basins in the southeast of the country, under the existing fields of natural gas, condensates and oil, we have made significant discoveries,” he said, mentioning the Illizi and Berkine regions.  MORE