• CERAWEEK 2025 | March 10-14, 2025
  • CERAWEEK
  • March 10 - 14, 2025

Toufik Hakkar

Sonatrach

Chief Executive Officer

Mr Toufik Hakkar holds an engineering degree in Oil Economics from the National Institute of Hydrocarbons and Chemistry in Boumerdes, Algeria, and a Master's degree in Energy and Environmental Economics from the Enrico Mattei Grande École in Italy, as well as a PhD in Management from The Higher Institute of Management and Planning (ISGP). Prior to his appointment as Chairman and Chief Executive Officer of Sonatrach on February 5, 2020, Mr Toufik Hakkar held the position of Vice-President of Business Development and Marketing for Sonatrach. In this capacity, he is a member of the Executive Committee and the Board of Directors of the Company. Having accumulated more than 25 years of experience at Sonatrach, Mr Hakkar has held several senior management positions at Sonatrach, including Strategy, Planning & Economics Executive Director and Director of Economic Research and Methods. Backed by his academic background, his expertise and his strategic vision, he has succeeded in launching structuring projects in Algeria and internationally, along the entire hydrocarbon value chain, such as petrochemical, industrial gas, infrastructure, exploration and production projects. Mr Hakkar has successfully led the negotiations for business arrangements of major projects and has participated in the negotiation and management of contracts related to the company's activities. He was also in charge of participating and coordinating the work of the task force that drafted the text of the new law of hydrocarbons.

Sessions With Toufik Hakkar

Tuesday, 10 March

  • 11:30am - 12:30pm (CST) / -

    Maturing Basins: Top attraction for E&P Growth?
    Upstream Oil & Gas

    E&P players have focused on exploiting maturing basins in recent years, as lower commodity prices favor existing operations and known petroleum systems that may offer lower-cost production and application of innovative practices and new technologies. Maturing basins in many cases offer significant upside in conventional and unconventional resource exploitation and exploration. Such basins can provide a mix of investment opportunities to suit all, with smaller, short-cycle and brownfield investments and traditional greenfield projects. What are the key technical or commercial ingredients for success in developing maturing basins? What parameters drive the attractiveness of maturing basins within the portfolio of a major E&P company or for a new entrant, in a price and carbon-constrained world? How best to innovate to exploit the basins and fields as they start to decline? Does that phase require new ownership and operating practices?