Petroleum Developments in North Africa in 1967 (1)

Abstract

Despite interruption due to June hostilities in the Middle East, North African production increased 15.4% from the level of the previous year, averaging 2,731,000 b/d, and by year end, it was in the order of 3,200,000 b/d. Exploration increased 27.3% compared with 1966, ending a declining trend. Though wildcat completions decreased again in 1967, the success percentage increased to 22.6 with 16 oil and 3 gas discoveries. The most significant discoveries were in Libya where 3 wells found a structural complex which may yield up to 1,000,000 b/d. The first discovery (gas) in the Nile delta was made during the year. Developments in 1967--and in early 1968--reflected the desires of the governments of producing countries of North Africa to have a more direct role in exploration and production.