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Eni/Kogas Quit Cyprus Blocks As Development Plans Awaited
...tension to the standstill, MEES understands. Aphrodite was Cyprus’ first gas find in December 2011. But amid protracted wrangles over contractual terms (MEES, 30 August 2024), it may be overtaken by Cronos as the first Cyprus field to reach production. CYPRUS KEY BLOCKS & GAS DISCOVERIES...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
Cyprus’ Gas Ambitions: Could Cronos Overtake Aphrodite?
...Cyprus’ 2011 Aphrodite gas discovery risks being overtaken by Eni’s 2022 Cronos find in the development stakes. Nicosia faces key 2024 gas decisions. CYPRUS’ 2024 UPSTREAM MILESTONES *Mid-January: Cronos drilling completes *End-March: Deadline for Chevron to su...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Libya Gas Exports Lowest Since 2011
...Libya’s gas exports to Italy fell to 430mn cfd in 2020, down 22% on the year. This is the country’s lowest gas export figure since the 2011 revolution when production shutdowns caused exports to plummet to just 215mn cfd. Libya is connected to Italy through the 775mn cfd Greenstream pi...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Oman’s Record Annual Output Can’t Mask Revenue Declines
...ereas in 2011 46.1% of Omani oil exports went to China, this had surged to 72.1% in 2014, before hitting 77.1% in 2015. And this is not just a percentage increase, volumes soared in the same period, nearly doubling from 336,000 b/d in 2011 to 651,000 last year. Being so reliant on a single customer is...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Korea Crude Imports Hit Record As Iraqi Volumes Double
...gime (with a waiver), South Korea has nevertheless consistently cut purchases since sanctions were ratcheted up in late 2011 and 2012. Volumes have fallen from 247,000 b/d in 2011, when Iran was Korea’s third biggest crude supplier, to just 114,000 b/d last year when it was number seven. As el...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Petroceltic Pares Capex On Lower Prices
...06. Their original development plan called for 20,000 b/d start-up in 2011 ramping up to 36,000 b/d later (MEES, 23 February 2009)....
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Libya Attempts To Tackle Chronic Instability
...e-war levels of 1.5-1.6mn b/d (see graph). With the handful of technical problems left over from 2011’s fighting being dealt with, senior Libyan oil industry figures were confident output of 1.6-1.7mn b/d would be sustainable from the end of the first quarter this year; the key issue going forward wo...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Qatar Changes PSAs to JVs, Invests In Al-Shaheen
...cidental’s (Oxy) 105,000 b/d Idd al-Shargi concession. Since taking the helm of the Energy and Industry Ministry in January 2011, and chairmanship of state-owned QP, Muhammad al-Sada has led the drive to restore Qatari crude output. Qatar had under-invested in state-owned QP-operated fields, whose ou...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Iran’s Service Sector Buckles Under Sanctions Strain
...ts on multiple fronts. US-led pressure on oil sales is impacting export levels. According to MEES calculations, output is around 800,000 b/d down on 2011’s average 3.6mn b/d. And a senior politician recently acknowledged oil revenues in the fourth quarter of the current Iranian year (corresponding to 21...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Sudan Targeting 150,000 B/D Output By Year End
... SUDAN Sudan Targeting 150,000 B/D Output By Year End Since losing around three-quarters of its near 450,000 b/d former oil output to the South in 2011, Sudan has been pushing hard to raise its oil production and refining capacity. In December last ye...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013