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Cairo Aims To Arrest Gas Output Decline But 2025 Gains Look Unlikely
...cember, there was no sign of a turnaround, with production of 4.421bn cfd the lowest since early 2017. This takes output back to levels last seen before the March 2017 start-up of BP’s $9bn West Nile Delta project. As with many projects offshore Egypt, WND saw rapid decline with the ‘WND Phase 3’ Ra...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt’s Output Collapse: Gas Down 16% To Below 5bn Cfd For 2024, Oil At 45-Year Low
...nce the start up of WND in early 2017, whilst December’s Med figure of 3.169bn cfd was the lowest since Zohr began to ramp up output the following year. *BP’s Raven field, which accounts for almost all of current WND output, is also the country’s largest condensate producer. As such, sl...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt Upstream Output Set To Fall Further In 2024 As Zohr Slump Continues
...LNG exports (MEES, 5 January). Production plumbed a new 6-year monthly low of 5.24bn cfd for December, the lowest figure since the start-up of the country’s workhorse Zohr field in December 2017 (see p4). And it will only likely get worse in 2024. Eni-operated 21.5tcf Zohr, which contributed 36...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Egypt Gas Crunch To Intensify Even Amid Record Israel Imports
...vember 2017, the month before the start-up of the country’s giant Zohr field (MEES, 15 December 2017). Output has fallen further to around 5.0bn cfd currently, MEES understands. Ominously for Cairo, LNG exports have remained threadbare in recent months despite the record receipt of Israeli gas. Egypt wa...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Iraq Eyes Gas Boost With Signing Of Fifth Licensing Round Contracts
...OIIP although only 20-30% of this is expected to prove recoverable – around 480-720mn barrels. An oil well was drilled in 1976 and tested 4,000 b/d of gas-rich oil from the field’s first pay in the Upper Cretaceous, with high pressure damaging the rig. In 2017, projections were for state-owned Mi...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Oman Envisions Ambitious Gas Developments But At A Cost
...ntures. The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 spurred Oman’s gas revolution, with the second phase 500mn cfd Ghazeer play boosting the sultanate’s production to record levels when it came online in 2020. This success sparked international interest in Oman’s unconventional gas pl...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Tunisia Sees 2021 Output Rebound. Will It Last?
...e show was local firm Topic’s offshore Halk El Menzel field which started up in January 2021 (MEES, 22 January 2021) and produced 5,800 b/d for year, easily snatching the title of the country’s top producing field. Sales gas output soared past the 200mn cfd mark for the first time since 2017 af...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Egypt: BP’s Key WND Project Sees Output Collapse
...line in March 2017 via tie back to processing facilities at Idku that had been used to process gas from Shell’s offshore WDDM fields. That there was ample spare capacity was due to the faster-than-expected decline at Shell’s fields (MEES, 19 February). So perhaps BP should not have been surprised when Li...
Volume: 64Issue: 08Published at Fri, 26 Feb 2021 -
Oman’s Upstream Gets Key Gas & Offshore Boost
...scalzi says the target is “most likely gas or gas/condensate” (MEES, 15 November 2019). The firm is proud of kicking off drilling only seven months after the acquisition closed, though it was provisionally awarded the block in 2017 (MEES, 15 September 2017). Eni has 55% of Block 52, Qatar state firm QP...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Saudi Energy Minister Makes Gas Export Pledge
...e task to transition towards becoming a gas exporter is no easy one. Indeed, prior to the June 2017 Qatar embargo, Saudi Arabia had been in talks with its gas rich neighbor to begin imports (MEES, 8 December 2017). Sales gas output was a record 8.9bn cfd in 2018, from raw gas output of around 12...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Iraq’s Costly Liquids Habit
...Iraq’s gas shortages mean the country is dependent on burning liquids for electricity generation. Total liquids burn edged up in 2018 to 328,000 b/d from 318,000 b/d in 2017 as post-war reconstruction drove increased demand. The increase would have been considerably greater had it not been fo...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Tunisia’s Oil Woes Here To Stay
...terested in heading for the door than splashing the cash. Tunisia’s glory days of being a net oil exporter are long gone. Crude output has nosedived in recent years and in 2018 it only managed 38,400 b/d. That this fall is of a relatively-modest 1% from 2017’s previous 50-year low is only due to the fa...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Iraq Looks To Turkey For Support Up North
...heduled to visit Ankara in the coming days to discuss the resumption of Kirkuk exports to Ceyhan, a key imperative for restarting production at the Avana Dome and Bai Hassan. Federal Iraqi forces retook Kirkuk and surrounding fields last year (MEES, 20 October 2017), but with limited export capacity, No...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Abu Dhabi Awards Offshore Stake To State-Owned Firm Cepsa
...atistics, with Nigeria the largest supplier in 2017 at 192,000 b/d (MEES, 16 February). Saudi Arabia was the largest Mena supplier at 128,000 b/d, followed by Libya (110,000 b/d). Will 2018 be the year UAE crude enters the Spanish market? This would certainly represent a change in strategy for the UAE, wh...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Abu Dhabi Finalizes Onshore Concession With Chinese Partnership
...CO CRUDE OIL PRODUCTION (‘000 B/D) SOURCE: ADCO, MEES. ADCO TARGET FADING AWAY? Abu Dhabi plans to increase Adco production capacity to 1.8mn b/d during 2017. But with current capacity at around 1.66mn b/d, this target is unlikely to be achieved. Along with development plans be...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Kuwait: Subsidy Row Presages Return To Disruption As Usual
...June 2017 (MEES, 11 July 2014). Al-Rai reports that GC-31 is 15 months behind schedule and that Kuwait Oil Company is considering imposing a fine of up to 10% (KD25mn-$82mn) on the firm. Dodsal submitted the second lowest initial bid for the Al-Zour pipeline. Larsen and Toubro submitted th...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Egypt Looks To New Gas Finds To Ease Record Energy Deficit
...ping deficit that will likely get worse this year, Cairo is sticking with ambitious 2017 target start-up dates for its two key gas output expansion projects. Needless to say, gas output of 4.31bn cfd for 2015 was at a 10-year low; it has already fallen further, to 4.07bn cfd, and will almost certainly av...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Algeria: Mixed Shale Signals Highlight Deeper Economic, Political Disarray
...illed with production scheduled to begin in summer 2017. The Reggane Nord project covers several gas fields: Reggane, Azrafil Sud-Est, Kahlouche, Kahlouche Sud, Tiouliline and Sali. At In Salah Sud, BP expects production to start this year, with initial output of 500mn cfd. The project is designed to...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Iraq Set To Launch Gas Bidding As Eni Slams Terms
...oken out about the problems facing Eni in Iraq, where it operates the Zubair oil field. Eni led the winning consortium to secure 20-year rights to develop the giant field under a TSC, bidding on the basis of a $2/B remuneration fee to raise production from 195,000 b/d to 1.2mn b/d by 2017, a level to be...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Jordan Takes Plunge With Israel Gas Deal
...tural gas reserves for export. A gas sales agreement to supply the Palestinian authority with gas from the 19 tcf Leviathan field, once production starts in 2016 or 2017, was signed last month. Noble says that the sales agreements with Jordan are evidence of the growing regional opportunities for it...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014