Algeria’s gas output is largely dependant on the production from the field Hassi R’Mel, which has been seen to hastily decline to one-third of its previous value. The field has been neglected in terms of development expenditure and maintenance infrastructure and has consequently seen a sharp drop in production in recent years.
The history of Hassi R’Mel
Hassi R’Mel is one of the largest gas fields in the world (eighteenth largest by rank) and holds more than half of Algeria’s total gas reserves. Hassi R’Mel was discovered by the French company Total SA (ADR) (NYSE:TOT) as the operator in 1956 while production started up in 1961. Currently, the local firm Sonatrach owns a 100 percent stake in Hassi R’Mel.
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