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April 28, 2022

Hassi Bir Rekaiz Conventional Oil Field, Algeria

By Carmen

Hassi Bir Rekaiz is a conventional oil development located onshore Algeria and is operated by PTT Exploration and Production Public. Discovered in 1997, Hassi Bir Rekaiz lies in block Hassi Bir Rekaiz (Block 443a, 424a, 415ext, 414ext).

The project is currently in commissioning stage and is expected to start commercial production in 2022. The Hassi Bir Rekaiz conventional oil development will involve the drilling of approximately 14 wells.

Field participation details

The field is owned by PTT Public and Sonatrach.


Production from Hassi Bir Rekaiz

Production from the Hassi Bir Rekaiz conventional oil development project is expected to begin in 2022 and is forecast to peak in 2027, to approximately 55,253 bpd of crude oil and condensate and 66 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2049.


Remaining recoverable reserves

The field is expected to recover 233.76 Mmboe, comprised of 187.47 Mmbbl of crude oil & condensate and 277.74 bcf of natural gas reserves.


About PTT Exploration and Production Public

PTT Exploration and Production Public Co Ltd (PTTEP), a subsidiary of PTT Public Company Limited, is an oil and gas company. It carries out exploration, development and production of hydrocarbons. The company manages an array of exploration projects in different stages and producing assets across the world. The company, along with its joint venture partners, operates pipelines to transport natural gas from its overseas exploration and production projects. It also has investments in related businesses including information and communication technology services, gas pipeline investment, exploration and production support services, property leasing and others. The company has operations in Australia, Americas, Africa, the Middle East and Asia regions. PTTEP is headquartered in Bangkok, Thailand.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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