1. 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: 51
    Issue: 04
    Published at Mon, 28 Jan 2008
  2. 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: 51
    Issue: 04
    Published at Mon, 28 Jan 2008
  3. 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: 51
    Issue: 04
    Published at Mon, 28 Jan 2008
  4. 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: 51
    Issue: 04
    Published at Mon, 28 Jan 2008
  5. 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: 51
    Issue: 04
    Published at Mon, 28 Jan 2008