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TotalEnergies MENA Portfolio: Building On Growth
...fshore exploration alongside QatarEnergies (see p6). The two are already partners in neighboring Lebanon’s offshore, while TotalEnergies was a major player in Syria prior to the outbreak of civil war in 2011; its net-Syrian output that year was a sizeable 53,000 boe/d of primarily gas (218mn cfd) al...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Shell & Petronas At Odds Over Egypt Expansion
...indled from 1.2bn cfd in 2012 to around 500mn cfd now. The WDDM slump is the result of a combination of high underlying decline rates, underperforming wells and slashed investment amid soaring receivables in the years following Egypt’s 2011 revolution (MEES, 7 February, 2014). Shell in early 2018 dr...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Upstream Investment: Is ‘More For Less’ The New Normal?
...E HIGHEST SINCE 2016 3: SAUDI ARABIA RIG COUNT: JANUARY’S OFFSHORE TOTAL OF 25 IS UP 7 YEAR-ON-YEAR AND JUST ONE OFF THE ALL-TIME HIGH SET IN APRIL 2015 4: MIDDLE EAST RIG COUNT SOARED IN 2011-14 WITH $100/B-PLUS CRUDE AND HAS CONTINUED TO EDGE HIGHER SINCE SO...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Eni Cyprus Discovery: ‘Good-Good-Good, Or Just Good’?
...Eni’s Calypso Cyprus discovery could be bigger than Zohr. Complex geology means more drilling is needed. But CEO Claudio Descalzi says at a minimum the field will be a Zohr tie-in, with a stand-alone Cyprus LNG project a real possibility. This would also boost development prospects for the 2011...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Dana Looks To Egypt Uptick In 2016
...this output is gas: some 163mn cfd for 2015, around 50mn cfd down on record 2011 output of 213mn cfd. But countering the 2015 fall in output is the potential long term gains from the hike to the company’s Egyptian reserves following “successful Balsam-2 and 3 wells [which] added 165 billion cu...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Mauritania Exploration: One Step Forward, Two Steps Back
...negal – a likely “commercial discovery” according to Cairn CEO Simon Thornton. PETRONAS TO QUIT? Mauritania currently only has one producing field, Chinguetti, where output has declined precipitously from 75,000 b/d at February 2006 start-up to 7,400 b/d for 2011, 5,800 b/d for 2012, and 5,400 b/d fo...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Kuwait Energy Has Breakout Year, Complicated Future
...ake gives it 10,500 b/d on a working interest basis, Chilean firm ENAP is operator with 50.5%). Output was close to 18,000 b/d for 2013 as a whole, more than twice 2011 levels. East Ras Qattara production peaked after the second production well came online in 3Q13, falling by about 4.4% between th...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
UAE’s Dragon Oil Hikes Crude Output
... UAE UAE’s Dragon Oil Hikes Crude Output UAE-based hydrocarbons minnow, Dragon Oil, says it produced an average of 67,600 b/d of crude on average in 2012, though it increased its December average production to 73,500 b/d. This represented a 10% increase over 2011...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013