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Oman Faces Further Crude Oil Production Woes
...op crude production slippage turning into a rout. Shell-led Petroleum Development Oman (PDO) has dropped its target announced last year to raise crude production to 600,000 b/d by 2011. Oman’s Oil Ministry, while not happy, has accepted the downgrade, MEES learns. PDO will announce at its an...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Saudi Aramco Prioritizes Karan Gas Field Development, Output Hikes Planned
...t be forging ahead with its first major non-associated offshore gas project. Karan is also, by some distance, Aramco’s largest non-associated gas project. The company is working hard to avoidan anticipated shortfall of gas in 2011-12, which will be especially evident in the summer months when po...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Middle East Oil Production Held Back In 2007, North African And Caspian Output Increased
...adline for bids for the main construction packages on Saudi Aramco’s 900,000 b/d Manifa heavy oil increment, due on-stream in 2011. These are not now expected to be in until June. And the 500,000 b/d Khursaniyah project, the kingdom’s only scheduled 2007 crude increment, missed its year-end start-up ta...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Iran Reports Record Balance Of Trade Surplus In 2006-07
...bsequent annual payments as per the following schedule: Year Repayments Schedule ($Bn) 1386 (2007-08) 12.389 1387 (2008-09) 2.831 1388 (2009-10) 2.078 1389 (2010-11) 1.747 1390 (2011-12) onwards 4....
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
KOC Confirms Strategic Plans For Non-Associated Gas Development
...asasah, Hashim Hashim, Deputy Managing Director of KOC, Southern and Eastern regions, said the second phase of development would begin in mid-2008 and last until 2011, with capacity rising to 600mn cfd and 165,000 b/d of condensate, and involving the drilling of 34 additional wells. The third phase, wh...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008