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Libya Gas Exports Fall To 22-Year Low
...ich provides the bulk of the country’s output and 100% of exports. Eni’s net sales gas output in Libya slumped from its 2017 record of 1.58bn cfd to just 568mn cfd for 2024. However, there are signs of a rebound, with production having bottomed out at 510mn cfd in 2021. It has since risen in...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Egypt Gas Output Boost As BP & Shell Complete Offshore Drilling
...e to imminently begin its own two-well campaign at Zohr in an attempt to add 220mn cfd to the current 1.6bn cfd output (just half of 3.2bn cfd capacity) by mid-2025 (MEES, 10 January). The WND Phase-1 Libra and Taurus fields were brought online in 2017 with Phase-2 Giza and Fayoum joining them tw...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
2021: A Year of Challenges & Opportunities For Iraqi Kurdish Oil
...0,000 b/d-worth of production from Avana Dome and Bai Hassan fields to federal Iraqi troops in late 2017 (MEES, 20 October 2017), the semi-autonomous region managed to grow its overall oil output. Based on company figures and estimates, MEES puts average-2020 production at 454,000 b/d – a figure closely in...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Kurdistan Oil At Center Of Iraq Budget Disputes
...me after federal forces retreated from the Islamic State in 2014. The federal government reclaimed these assets in 2017 MEES, 20 October 2017). The Opec+ cuts are primarily from an October 2018 baseline, when KRG output was approximately 400,000 b/d. Whichever way you look at it, full-year pr...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
KRG: Key Firms DNO & Genel Expect Lower Output in 2020
...ck to around 500,000 b/d. But it isn’t always plain sailing. Whilst the region’s first new field startup since 2017 may be just months away, two of the region’s biggest foreign players appear set for output to dip over 2020. Operations reports from Norway’s DNO and Anglo-Turkish firm Genel, which pa...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Chevron To Bag Egypt West Med Blocks As Bidding Canned
...reage. In its 2017-18 annual report, Egypt’s state gas firm EGAS flagged up that the objective of the western Mediterranean offshore region was “to attract major international companies to operate in the region such as ExxonMobil, Statoil [now Equinor] and Chevron.” Two out of three ain’t bad, and begs th...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Oman: Oil Revenues Rebound Despite Slide In Exports
...*Latest official data from Oman’s Ministry of Oil and Gas show that the sultanate produced 992,000 b/d of crude and condensate in December. This pegs average 2018 output at 978,000 b/d, up a fraction on 2017 but almost 3% down on 2016’s record 1.004mn b/d – the only time Oman’s output has ev...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Kuwait: Jurassic Gas To Bridge Supply Gap Until LNG Import Capacity Rises
...ar (see chart and MEES, 28 July 2017). KEY KUWAITI OIL INFRASTRUCTURE KUWAIT PRESSES AHEAD WITH MAJOR JURASSIC GAS EXPANSION PLANS (MN CFD) SOURCE: KOC, SPETCO, PETROCIL, MEES. SPARE PROCESSING CAPACITY The vast majority of Kuwaiti gas output is associated wi...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Oman Casts Its Net Wide In Bid To Maintain Output Capacity
...plenish its reserves. Oman finished 2017 with average annual output of 969,000 b/d, just under its 970,000 b/d Opec/non-Opec production agreement and down from 1mn b/d the year before. Exports dropped from 880,000 b/d in 2016 to 806,000 b/d, though higher oil prices mean hydrocarbon revenues rose by $2....
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Kuwait Completes Oman Refinery Buy-In, Start-Up Slips To ‘2023-24’
...C. KPC planning and finance director Wafaa al-Zaabi told reporters last week that “commercial operations should begin in 2023-24.” This is a major setback – until last year KPC was targeting end-2020 (MEES, 5 May 2017). “I think that by the middle of this year we will close the financing for the Du...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Oman Divvies Up Output Cuts Among Operators
...reement in publishing details of production caps for oil firms operating Omani oil fields. The aggregate of 970,094 b/d planned crude and condensate output for January-June 2017 implies the use of November’s record output as a baseline, whereas Opec producers have agreed to use October. If Oman’s October ou...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Shell Heading Towards UAE Door Over Bab Exit?
...nounced that it was pushing back a final investment decision (FID) on the project from early 2016 to 2017 (MEES, 14 August 2015). The continued slide of oil prices has caused Shell to pull the trigger early rather than wait until 2017, with benchmarks Brent and WTI hitting new 12 year lows this week (se...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
BP Major Contributor To Egypt Five Year Strategy
...alians began appraisal/development drilling on 21 December. A total of 20 wells is planned over the next 26 months. Prior to this only the one discovery well had been drilled. By linking it to shore via already existing infrastructure, Eni and Cairo are aiming for an ambitious late 2017 start-up, wi...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Decision on UAE Onshore Concession Imminent
...ich are set to produce 1.8mn b/d before the end of the decade under a long-existing expansion plan. In all, the UAE plans to expand its production capacity to 3.5mn b/d by 2017 from 2.8mn b/d currently. The commercial terms are far from ideal — Adnoc has raised its per barrel remuneration to $2.85 fr...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Afren Slashes Kurdish Reserves, Shares Tumble
...peline, rising to 125,000 boe/d by 2017. It is not yet clear whether Afren’s latest troubles will put off potential suitor Seplat Petroleum Development of Nigeria, which in December declared its interest in acquiring Afren, or whether the fall in the company’s value will make it a more attractive pr...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Aramco Awards Bring Forward Shaybah 1Mn B/D Target To 2016
...vest some of its $500mn fund for technology startups in the Boston area, Mr Falih says. Aramco: Key Crude Additions (‘000 B/D Capacity) Field Now By 2017 Shaybah 750 1,...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Qatar Changes PSAs to JVs, Invests In Al-Shaheen
...incorporated JVs where they invest in the venture directly.) Maersk expects to sign a JV heads of agreement with QP next year, in preparation for Maersk’s PSA expiry in 2017. US independent Occidental Petroleum (Oxy) is studying offshore Idd al-Shargi’s North Dome (97,000 b/d) and South Dome (8,...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
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