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Egypt Struggles With Gas Supply Challenge
...epwater (up to 2,300ms) project is now slated for the fourth quarter of 2016 at the earliest, a two-year delay from the target of 2014 when the project was approved in 2010 (MEES, 21 September 2012). Egyptian offshore gas fields typically suffer from rapid decline rates of around 10%/y so a co...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
BG Egypt Output Hit By WDDM Compression Failure
...ditionally plans to move forward with the next phase of WDDM development (Phase 9a) this year, subject to the consent of its partners, Malaysian state firm Petronas and Egyptian state firm EGPC. Some 12 development wells are planned for 2013 and a further six for 2014 to develop an additional 2 tcf of gas re...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Japanese, French, Move To Secure Abu Dhabi Concessions
...ve in November, BP announced it was selling North Sea interests to Abu Dhabi’s state-owned TAQA, boosting its chances of keeping its 9.5% stake in ADCO – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2% – when the consortium’s concession expires in January 2014. Paris and Lo...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Renewables To Spearhead Multi-Billion Dollar Moroccan Capacity Drive
...ogram 2011-20 (mw) Installed Capacity 2012-14 Additions 2014-20 Additions Project Capacity Project Capacity Pr...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
UAE’s Dragon Oil Hikes Crude Output
...ans to increase its Turkmenistan production to 100,000 b/d by 2015: the company is set to drill 13-15 additional wells in 2013 and a combined 40 wells in 2014 and 2015. The company’s share price is up 9% since the beginning of the year. Dragon and a consortium of companies that includes Ku...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
IMF Says Morocco’s 2012 Growth Slows To 3.2%
...ocks, in coordination with other macroeconomic and structural policies. Morocco: Selected Economic Indicators, 2010–18 2010 2011 2012 2013 2014...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013