*Tunisia’s crude and condensate output fell to a new multi-decade low of 26,400 b/d for 3Q 2024. This is exactly half decade-ago levels (3Q 2014 was 53,000 b/d). Output has been on a consistent downward trend since hitting its 21st century peak of 99,000 b/d in 2007. The all-time high of 118,000 b/d was hit in 1980.
*Previous lows of 30,000 b/d plumbed in 2017 and 28,000 b/d in 2020 were linked to country-wide strikes (MEES, 2 June 2017) and Covid, respectively. This year’s new lows are the culmination of a chronic lack of investment: no development wells were drilled in Tunisia during the first nine months of 2024, and this on the back of just one for 2022 and three for 2023. (CONTINUED - 284 WORDS)
