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French President Promotes Total On UAE Visit
...vitation to prequalify to bid for the concession of Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2%. Its target is 1.8mn b/d of crude production capacity by 2017. ADCO’s concession expires on 11 January 2014. After th...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Oman Moves Forward With 200Mn Barrel Storage Hub
...e hub began last year and are now nearing completion, OTTCO project director Martijn Notten said, adding that work on the front end engineering and design (FEED) would begin only once contracts are agreed with the ministry. The terminal is set to be operational by 2017....
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
SEC Lines Up ACWA-Led Consortium For Rabigh-2 IPP
...day to 120gw by 2020 through a range of initiatives (MEES, 4 January). SEC will now begin negotiations with the ACWA-led group for a build-own-operate (BOO) development, with a view to reaching financial close by the end of March 2013. Project completion is slated for 2017. The consortium will own 50% of...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
South Pars Reservoir Faces Challenges
...likely to be in production before 2017 and if NIOC cancels the CNPC project and gives it to local contractors it will take even longer – possibly beyond 2020. Phase 13: In 2009 Shell and Repsol quit the 2bn cfd project, being replaced by an Iranian consortium, which has only made 24% progress. Ph...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Iraq’s TSC And PSC Agreements – A Good Deal For Iraq?
...ans. If oil production grew substantially from 2010 as aggressive development drilling brought new fields online and drained more oil from established fields, Iraq oil and gas production could be increased by 45-150% in four-five years. Iraqi oil production is expected to peak in 2017 at 2.325mn b/d (Ib...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010