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  1. ‘Low Cost’ Zohr Moves To Center Stage As Eni Slashes Upstream Spend

    ...ase. Eni says the “development plan envisages the start of production by the end of 2017,” a highly ambitious target. The terms of the development lease envisage output ramping up to 2.65bn cfd, more than half of the country’s current output, by 2019. But a final investment decision (FID) has yet to be ma...

    Volume: 59
    Issue: 09
    Published at Fri, 04 Mar 2016

  2. Libya: Companies Have Only Bad News, Apart From Eni

    ...FRASTRUCTURE   …BUT BETTER NEWS IN ALGERIA      There was better news for Repsol in Algeria, where Mr Imaz said in prepared remarks on the earnings statement that the execution of the company’s Reggane North project “progresses,” with first gas due in 2017. The project has suffered substantial delays since Re...

    Volume: 59
    Issue: 09
    Published at Fri, 04 Mar 2016

  3. Oman Downgrades Threaten Bond Issue

    ...nancial assets amounting to only about three years of spending.”  The downgrade comes as Moody’s cuts its oil price assumptions for Brent to $33/B in 2016 and to $38/B in 2017, rising only slightly to $48/B by 2019. The downgrading of Oman comes at an inopportune time as the country seeks to tap the in...

    Volume: 59
    Issue: 09
    Published at Fri, 04 Mar 2016