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Oman’s Majan: Heavy Challenge At Block 71
...tput (MEES, 7 December 2018). PDO discovered the field in the 1980s but failed to develop it, instead attempting to attract a potential developer in 2017 to no avail. Has Majan the tools to crack Habhab? While the field contains an estimated 2bn+ barrels in reserves, its sub-10°API bituminous crude wi...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Sweden’s Tethys Eyes Big Year Ahead In Fashionable Oman
...nerated to snap up three exploration blocks since 2017 and says that its acreage now covers 18% of Oman. Oman’s upstream sector is undergoing a renaissance, with IOC interest in the sultanate growing tremendously since BP started up the Khazzan tight gas field in 2017 (MEES, 29 September 2017). Tethys Ma...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Algeria: BP/Equinor Drop
...eadily declined since a $700mn compression project saw volumes hit a record 815mn cfd in 2017. Unfortunately, there wasn’t much of a Q4 rebound for In Amenas where volumes on a quarterly basis in 2020 have stayed somewhat steady. This suggests the overall slump is likely to be structural. 1: IN...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Egypt's 2020 Gas Output Down 9% On Enforced Shut-Ins. Now For The Rebound?
...quefaction plants, ties in with their desire for upstream projects that can provide a rapid return on investment (see p12). Eni repeatedly flagged up such benefits for Zohr, which came online just 28 months after the field’s August 2015 discovery (MEES, 15 December 2017), and whose price tag of $10.6bn is...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
KRG: DNO Buys Out Exxon At Baeshiqa, Eyes Development
...rformance in recent years – growing year-on-year output since 2018 – the gains have all been from expansion at existing fields. Until Chevron brought the 20,000 b/d Sarta field online in late 2020 (MEES, 22 January), there had been no greenfield startups since 2017’s Peshkabir and Atrush. But good news th...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Iraq Mulls Power Sell-Offs Amid Cash Crunch, Pre-Election Rivalry
...rliamentary elections planned in October. Kar’s most prominent role is as operator of the 160,000 b/d Khurmala Dome of the Kirkuk field in Iraq’s autonomous Kurdistan region. It also contentiously operated Kirkuk’s Avana Dome and the nearby Bai Hassan field between 2014 and 2017 until federal forces re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Egypt 2020-21 Fundraising Boosted By $3.75bn Bond
...$7bn for 2016-17 and 2019-20 and $6.5bn for 2017-18 and 2018-19, in order to plug its financing needs (see chart 2). Despite its successful exit from the fund’s three year program in 2019 (MEES, 21 June 2019), the pandemic has exacerbated the country’s financial plight and MEES understands Egypt wi...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021