The Covid-19 pandemic preys on those with ‘underlying health issues.’ And the Tunisian upstream sector was already in bad shape before IOCs last month began slashing capex budgets and implementing the social distancing measures which are now hitting operations.
After a record low 35,000 b/d of crude oil output in 2019 – less than half 2010 levels – Tunisia started the new year at 34,000 b/d for the first two months. Gas, at 176mn cfd for 2019, is down 44% since 2010 (see chart). (CONTINUED - 1030 WORDS)
