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Exxon Looks To Partner Up In Egypt
...rt of Shell’s giant North East Mediterranean (Nemed) block where the Anglo-Dutch major drilled 10 wells between 1999 and 2011 including 2001’s Leil-1 on the Star acreage which hit sub-commercial quantities of gas. One key change since then is that Cairo has since hiked the amount paid for gas ou...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Genel Farm-In Boosts Development Prospects At Chevron KRG Blocks
...20. The first well was drilled in 2011 but then-operator, Canada’s Niko Resources deemed the quantities of light 43-46°API crude non-commercial (MEES, 12 November 2012) and relinquished the asset the following year. Chevron pounced on the block in early 2013 (MEES, 1 February 2013) as it was sn...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya’s NOC To Lift Investment Moratorium; But Divisions Remain
...store pre-conflict output of 1.6mn by 2021, Mr Sanalla tells MEES. In the longer term, the state body is aiming to increase production to 2.1mn b/d, he adds. “We intend in the coming months to lift our self-imposed moratorium on foreign investment in new projects” that has been in place since 2011, sa...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
Post-Sanctions Iran Courts Admirers
...OC) and that supply of crude oil would start immediately. No figures were provided, but prior to sanctions, Hellenic imported approximately 30% of its 310,000 b/d crude oil supply from Iran (approximately 93,000 b/d). In 2011, the last year before the EU embargo on oil purchases, Iran supplied Gr...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Bid Round Puts Algeria’s New Hydrocarbon Law To The Test
...ALGERIA Bid Round Puts Algeria’s New Hydrocarbon Law To The Test Algeria launched its first bid round since 2011 this week, seeking to stem declining output with improved terms. But it will have to banish the ghosts of In Amenas. Algeria launched a long-anticipated bid round this we...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Gas The Priority For Iran’s New Oil Team
...14 2020+ 1.8 77 14 50 2014 2020+ 1.8 77 15,16 90 2011...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
In Amenas Attack Heightens Security Tensions – In Libya As Well As Algeria
...stability on the “Pandora’s box” of weapons which had spread across North Africa following Libya’s 2011 conflict. “It is absolutely essential that we broaden and deepen our counterterrorism cooperation going forward with Algeria and all countries of the region,” Ms Clinton said, adding that she had visited Al...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Saudi Arabia, Qatar Push Offshore Upstream Development
...nce he took over leadership of the ministry in January 2011, he has focused on reversing slumping Qatari crude production: Output fell to an average of 740,000 b/d last year, from 836,000 b/d in 2008. At the center of the program is Qatar’s swing producer, the Maersk-operated al-Shaheen of...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Oman Eyes Bangladesh Energy Sector
...tal thus far (17 offshore, 58 onshore), which have resulted in 25 gas discoveries – mostly in the country’s east. In its latest Statistical Review of World Energy, BP put Bangladesh’s proved gas reserves at 12.5 tcf, which is slightly above Bahrain’s 12.3 tcf. BP said Bangladesh’s 2011 gas output was 1....
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Noble to Delay Aphrodite Appraisal Drilling
...mpletion of a second appraisal well on the Aphrodite field. Noble completed its exploratory drilling on Aphrodite in December 2011, when it announced that it had discovered a field with an “estimated gross resource range of 5-8 trillion cubic feet (tcf), with a gross mean of 7 tcf.” Appraisal drilling is ne...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013