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Tethys Spuds Oman Wildcat
...at could become a major exploration push for unconventional resources in the underexplored Omani south. Tethys acquired seismic in the area in 2017 (MEES, 24 November 2017), and received a significant boost in November when US shale powerhouse EOG signed up at the block as a junior partner with a 50% in...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Libya Power Plant Progress
...r four SGT5-PAC 2000E Siemens combustion turbine generator units,” the firm said in a 6 January press release. Enka’s German partner on the projects, Siemens, costed the two plants at a combined €700mn ($826mn) at the time of the original award by state-power firm Gecol in 2017. But construction ha...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Energean: $400mn Israel Buyout
...ivate equity fund Kerogen paid then-cash-strapped Energean $50mn for a 50% stake in its then pre-FID Israel assets back in 2017 (MEES, 17 February 2017). Energean expects the buyout, plans for which were initially announced last month (MEES, 11 December 2020), to close this quarter. Energean al...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Oman: Petrofac Bags PDO Awards
...tegrated oil and sour gas project. At the Mabrouk NE project – one of Oman’s more exciting new developments – Petrofac signed a 10-year framework agreement in 2017 and was awarded a pipeline construction deal there in June (MEES, 14 June 2019). The newest EPC contract covers a 34-month development of 16...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Egypt Nuclear Award
...th Rosatom in late 2017 to go ahead with the project. The first reactor is scheduled for start-up in 2026 and all four are expected to be fully operational in 2029. Construction of the first reactor is expected to begin in 2020. Dabaa will mainly be funded by a $25bn loan from Moscow covering 85% of th...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Egypt: ‘Imminent’ Start Up At Key Downstream Project
...untry’s products deficit (MEES, 15 June 2018). Net products imports were 220,000 b/d for the first eight months of 2018 including 132,000 b/d of diesel and 56,000 b/d of gasoline, although all three figures were down on 2017....
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Red Sea Bidding Delayed
...urce. The bid round falls under the jurisdiction of the oil ministry’s southern Egypt focused arm Ganope, which signed a $750mn deal in December 2017 with Norway’s TGS and House-based oilfield services firm Schlumberger to compile geophysical data covering 60,000km² in the Red Sea (MEES, 26 October 20...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019