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  1. 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: 66
    Issue: 08
    Published at Fri, 24 Feb 2023

  2. 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: 66
    Issue: 08
    Published at Fri, 24 Feb 2023

  3. Adnoc Gas Poised For $50bn Valuation

    ...sted back in 2017 (MEES, 16 February 2018). Assuming that Adnoc achieves the high end of its valuation, this will be the second IPO carried out by the group to raise $2bn in less than a year. In May, the flotation of a 10% stake in the Borouge petrochemicals firm raised $2bn, becoming the largest IPO in...

    Volume: 66
    Issue: 08
    Published at Fri, 24 Feb 2023

  4. QatarEnergy To Take Over LNG Marketing Role

    ...e in one place. And the savings are huge. Two billion riyals operating costs saved annually” (MEES, 8 December 2017). The post-RasGas system had grown somewhat less unified of late, with QatarEnergy establishing its own LNG trading team. The new entity was announced in November 2020 with a ma...

    Volume: 66
    Issue: 08
    Published at Fri, 24 Feb 2023

  5. Cairo Launches $10bn Privatization Drive In Bid To Plug Financing Hole

    ...ile Egypt agreed to hand over the two islands in 2017 in a deeply unpopular move (MEES, 4 August 2017), it has yet to finalize the deal.  EGYPTIAN STATE-OWNED ENTITIES SLATED FOR 2023 PRIVATIZATION *NREA (NEW AND RENEWABLE ENERGY AUTHORITY). **SCA (SUEZ CANAL AUTHORITY). ^CBE (CENTRAL BA...

    Volume: 66
    Issue: 08
    Published at Fri, 24 Feb 2023