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Algeria Gas Exports Lowest Since 2020; Is Key Field Still Out?
...ar earlier at 7.99bcm (9.41bn cfd), average output of 10.3bn cfd (88.9bcm) for 11M 2014 was down 7% year-on-year. Whilst granular output data for the key fields of state giant Sonatrach are treated as a national secret, many are aging and have seen repeated spending on compression and EOR pr...
Volume: 68Issue: 06Published at Fri, 07 Feb 2025 -
Iraqi Kurdistan Gas Pipeline Boost: Turkey Exports Next?
...reement, Kurdistan was to supply Turkey with an initial 4 bcm/year from 2017, rising to 10 bcm/y by 2020 with the option of increasing to 20 bcm/y (MEES, 17 January 2014). A 2017 agreement for Rosneft to construct a pipeline with up to 30 bcm/y capacity also came to naught. Progress since then has been es...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Egypt Oil Output Plumbs New 40-Year Low For 2020
...nai). *The Western Desert, which overtook the Gulf of Suez region as Egypt’s key production area in 2011 and has provided over half of production since 2014, saw output fall 7% to a 9-year low of 321,000 b/d for 2020. December’s 290,000 b/d was the lowest monthly figure since May 2010. This comes as the re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Saudi-Kuwait Neutral Zone Start-Up Approaches
...wait, and peaked at more than 500,000 b/d. However, output had slid below 500,000 b/d even before the first shut-ins in 2014 (MEES, 25 October 2019). In the last full year of output, 2013, the offshore section produced over 250,000 b/d, while the onshore portion added another 210,000 b/d, for a co...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Oxy Advances Mena Strategy 2.0
...work together on projects of strategic importance.” That’s not to say that the Shah gas development was all plain sailing, with startup slipping from 2014 to 2015 as the parties had to devise how to cope with the high sulfur levels. Once started up in 2015, the field was ramped up to full we...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Algeria Oil Output On The Slide
...ng-term decline, collective output is the lowest since El Merk’s first full year of output in 2014 (see chart). At just 174,000 b/d for 2018, combined HBNS and Ourhoud output is half 2011 levels and a mere 31% of the 470,000 b/d 2007 figure. Anadarko says the completion of a water treatment pr...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Iraq Seeks To Reboot Northern Oil Sector
...chnically challenging development required (MEES, 8 February 2010). Sonangol declared force majeure in 2014 when Islamic State stormed the northern Nineveh Governorate and seized the two fields. It was already eying the exit, citing escalating sectarian violence in 2013 (MEES, 25 October 2013). Mr Lu...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Iraq Drilling Hits 3-Year High, Abu Dhabi Sets New Record
...rrying about any commitments to Opec to limit output (see p9). However, Iraq’s rig count remains at little more than half of the record 96 seen in the first half of 2014 before Islamic State overran large swathes of the country. The UAE is another country where Total, in its 2017 results and 2018 ou...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
DNO Plans To Double Capex In 2016
...ile capex was nudging $300mn in 2014, it dropped to a miserly $50.7mn last year. Despite this, rising output from DNO’s KRG assets meant the company’s overall working interest production rose from 68,900 b/d to 88,400 b/d. However, spending cuts led to KRG production declining in the fourth quarter of th...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
South Sudan Attempts To Cut Sudan Oil Transit Payments
...om Upper Nile has continued, but at a diminished rate. Output in 2014 was around 160,000 b/d, but dropped to 155,000 b/d in the first quarter of 2015 and then to about 140,000 b/d in the final months of the year. After Brent, the European crude benchmark against which Dar Blend is priced, tumbled to ju...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
NOC Targets Belie Libya’s Continuing Divisions
...ditional 52,000 b/d in condensate. Nominal production capacity is 1.76mn b/d, but the last time the country achieved output of more than 1mn b/d was in mid-2013, although it came close in October 2014. Since peaking at around 620,000 b/d in March 2015, crude production has struggled to reach 40...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Middle East Upstream Spending Faces Trying 2016
...wn from 51 for December, 60 for January 2015, and a whopping 90 for January 2014 before the mid-2014 advance of Islamic State when the exploration boom in Iraqi Kurdistan was in full swing. International oil services firms all saw their revenues dive in the fourth quarter 2015, though their Mi...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Palestinian Economic Growth Stalls
...PALESTINE Palestinian Economic Growth Stalls Economic activity in Palestine contracted by nearly 1% in real terms in 2014, the IMF says, on the back of mounting political tensions in the West Bank, and the war in Gaza. This represents the first year-on-year contraction since 2006, and co...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
BG Slashes Egyptian Spending As Production Plummets
...s overall capital expenditure (capex) budget to around $6bn, almost half that of 2013’s $11.2bn and down some 30% from 2014’s figure of $9.2bn. The firm has faced a double whammy of reduced reservoir performance, meaning lower wellhead volumes, and increased diversions of its gas output to the do...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Iran Oil Shipments Up 15% In 2014 As China, India Overlook Limits
...IRAN Iran Oil Shipments Up 15% In 2014 As China, India Overlook Limits Intakes of Iran’s crude oil and condensate rose around 15% year-on-year in 2014, despite still being under sanctions, as its two biggest customers China and India looked to take advantage of an improved diplomatic at...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Morocco Looking To Boost Gas Output
...lfsands last November entered into a strategic partnership with Arawak “to jointly acquire projects in the MENA region,” which Gulfsands would operate with 30%, while Arawak would hold a 70% stake and will provide financing (MEES, 28 November, 2014). Through this, Gulfsands could pursue “projects that mi...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Bapco, Aramco Invite Sitra Pipeline Proposals
...finery currently processes around 45,000 b/d of crude from Bahrain’s Awali field and crude arriving via a 230,000 b/d capacity 54km pipeline from Dhahran in Saudi Arabia to Sitra. Bapco aims to complete the new pipeline well ahead of commissioning of the refinery expansion (MEES, 24 October 2014)....
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Saudi Arabia Advances Carbon Capture Project
...cilities at two GOSPs with work targeted for completion by April 2016. The Shaybah NGL recovery program, which is associated with the Shaybah AXL Crude Increment Project (MEES, 17 January), is due to be completed at the end of 2014. Market Consequences “The consequences for the market are quite si...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Pakistan Seeks ‘More Time’ For Iran Gas Pipeline Project
...tually-agreed timeframe for the project. Under the terms of the initial deal signed in 2009, 750mn cfd of Iranian gas is to begin flowing to Pakistan by 31 December 2014. Any delay would invoke a $3mn penalty, per day. Iran is yet to give any indication as to whether it will agree to the extension. Pa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
BG Lays Bare Egypt Woes But Improved Payments Offer IOCs Hope
...ypt] remains difficult,” BG says, with Egypt the company’s main “challenge” for 2014, according to CEO Chris Finlayson, who was speaking on the company’s 4 February post-results conference call. BG 2013 MENA Figures Production* 2012 20...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014