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Mauritania: Mena’s Newest Gas Producer
...ack at being a petrostate. The Chinguetti oil field started up with much fanfare in 2006 but output rapidly dwindled from an initial 75,000 b/d, with the country’s only producing field finally coming to a halt in 2017. And, with further exploration having largely dried up, expansion at Tortue and/or...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025 -
Egypt Gas Output & LNG Exports Slump To Multi-Year Lows For 2023
...Egypt’s gas output slumped to a six-year low 5.82bn cfd for 2023 with LNG ex-ports halving to 3.32mn tons despite record 835mn cfd imports from Israel. Egypt gas output fell for the second consecutive year, slumping 11% to 5.82bn cfd for 2023, the lowest level since 2017. While Egypt’s ma...
Volume: 67Issue: 01Published at Fri, 05 Jan 2024 -
Latest Saudi Discoveries Boost Unconventional Outlook
...pacity now stands at 400mn cfd. Meanwhile, at Midyan Aramco commissioned a 75mn cfd gas processing plant in 2017 which supplies local facilities. SAUDI ARABIA: RECENT FINDS & KEY UNCONVENTIONAL BASINS ...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Exxon’s Star Shines Brightest Among Egypt’s Slew Of Mediterranean Awards
...ell (MEES, 24 March 2017). A 2018 paper from Eni’s Zohr discovery team notes that Shell was “targeting the extension of the classic Tertiary clastic play of the Nile Delta, which turned out to be not commercial,” whilst the Zohr find resulted from “something profoundly different… isolated carbonate bu...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Iraq Books Record Exports In 2019, Plans To Advance Jordan Pipeline In 2020
...s taken center stage, with widespread accusations of corruption against key ministries including the oil ministry. In any case bureaucratic inefficiencies (among other things) have limited government spending particularly on much-needed infrastructure, enabling Baghdad to run budget surpluses in 2017...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
East Med Gas Developments Gather Pace In 2019
...16 bid round, with a consortium of ExxonMobil and Qatar’s state oil firm QP winning the auction over Norway’s Statoil (now Equinor) and a joint Total/Eni bid (MEES, 29 July 2016). Eventually Total did end up drilling offshore Cyprus in Block 11 in July 2017, but failed to discover commercial qu...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Iraq: Record December Exports Fail To Mask Bleak 2019 Revenue Outlook
...Iraq’s December exports of 3.73mn b/d smashed the previous high. Key expansions mean Baghdad will break this mark in 2019 despite Opec output commitments. Iraqi oil export revenues came in at $83.7bn for 2018, up a massive 41% versus 2017’s $59.5bn. This four-year high was ac...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Iraq: Record Exports, But Contract Reform Hangs In The Balance
...2017 was a year of consolidation for Baghdad; federal exports averaged 3.31mn b/d, and revenues rose $15.7bn. But longer term, the oil ministry must address perennial contract issues to steer the industry in the right direction. Iraq exited 2017 on a high note with record federal crude ex...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Egypt: Focus On Red Sea
...fset broadband multiclient seismic” being shot by Schlumberger and Norwegian seismic experts TGS under a $750mn deal inked in July last year (MEES, 4 August 2017). As part of the agreement signed with state oil firm EGPC’s Upper (southern) Egypt focused arm Ganope, Schlumberger and TGS will have ex...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
East Med: Leviathan FID Stalls As ExxonMobil Looks To Cyprus Offshore
...viathan gas. In late December 2015 Israeli Energy Minister Yuval Steinitz announced the country would begin phasing out coal burning in favor of gas by 15% in 2016 and by 20% in 2017. Demand grew accordingly last year and hit a record 978mn cfd in Q3 (see chart and MEES, 18 November 2016). Israel’s 2017 go...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Work To Begin On Zohr As Egypt Looks To Bring Giant Field Online Next Year
...Egypt will continue to require aid from its Gulf neighbors in 2016 but this year should see the foundations laid for a brighter 2017 following last August’s discovery of the 23 tcf Zohr field by Italian firm Eni. Eni says that it plans to imminently begin drilling at Zohr after last week re...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Saudi Platform Sinks
...gher recovery rates of up to 70% from existing fields while adding some 550,000 b/d of new capacity from the Shaybah and Khurais fields by 2017, though overall capacity is set to remain at 12.5mn b/d as some older reservoirs are given a rest. Safaniyah, which was discovered in 1951 and entered into pr...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014