Business · Energy & Commodities · 16 hrs ago
Pertamina secures rights to Algerian fields expected to add 32,000 barrels a day
Indonesia’s state energy company Pertamina has acquired interests in three Algerian oil and gas fields in the Berkine Basin.
The fields are onshore in North Africa, and the rights were previously held by Moeve.
The acquisition is expected to add 32,000 barrels of oil a day to Pertamina’s production from early 2027.
Pertamina says it is seeking oil outside the Middle East to reduce its exposure to conflict-related uncertainty.
Algeria’s government has announced the transaction and approved it, while Pertamina is completing the final administrative steps.
The company is also working to raise production at fields in Indonesia and expand refining capacity at its Balikpapan refinery.
Pertamina has completed the acquisition of Moeve’s interests in three onshore hydrocarbon fields in Algeria’s Berkine Basin.
The acquisition is expected to add about 32,000 barrels of oil per day to Pertamina’s supply from early 2027.
Algeria’s government has announced the transaction after approving it, while Pertamina is completing final administrative steps.
Pertamina says the acquisition is part of its effort to secure oil supplies outside conflict-affected areas amid geopolitical uncertainty.
- Who
- PT Pertamina (Persero), Indonesia’s state-owned energy company.
- What
- It acquired Moeve’s interests in three onshore hydrocarbon fields, with output expected to add about 32,000 barrels of oil per day.
- When
- The acquisition was completed by November 9, 2026. Additional production is expected from early 2027.
- Where
- The fields are in the Berkine Basin in Algeria.
- Why
- Pertamina is seeking oil supplies outside the Middle East amid geopolitical uncertainty.
This story does not have two clearly opposing sides.
Oki Muraza said Pertamina had completed the acquisition and that Algeria had announced the transaction after approving it.
Pertamina expects the additional Algerian production to begin being recorded.
- Fields
- Three onshore hydrocarbon fields
- Basin
- Berkine Basin, Algeria
- Acquired interest
- Moeve’s participation interests
- Expected additional output
- About 32,000 barrels of oil per day
- Expected start
- Early 2027
2 sources
What people are saying
We have secured a new field. Hopefully, in early 2027, we will have an additional 32 thousand barrels of oil per day from Algeria.
We are trying to secure supplies from outside the Middle East; what we have done is, thank God, successfully acquire assets in North Africa, in Algeria, and there will be additional production of around 32,000 barrels per day from Africa.