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Independents To Drive Oman’s 2013 Output Boost
...is year. But the MOG has for the first time admitted there is a very real possibility US firm Occidental (Oxy) will not be able to hit its initial target of 150,000 b/d from the Mukhaizna heavy oil field it operates in Block 53. Oxy originally planned to reach the target in 2011 (MEES, 15 No...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Anadarko Turns North Africa Focus To Shale
...p of Tunisia (bordering both Algeria and Libya) from Canadian minnow Voyageur in December 2011. Anadarko assumed full costs for two commitment exploration wells due by November 2013 as part of the deal, and plans to drill both this year – the company’s only planned 2013 MENA exploration dr...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Oman To Award Five Exploration Blocks In 2013
...e number of Petrotel’s Omani assets to four, after it won the adjoining Blocks 17 and 40 in 2009 and 2011 respectively. In Block 17, Petrotel began its drilling campaign in 3Q11, and until recently had found seven prospects. In Block 40 the company has so far committed to a total investment of $35mn to...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Iraqi Parliament Snubs Kurds To ‘Pass 2013 Budget’
...dinary citizens. What local job creation there has been is confined overwhelmingly in the poorly paid security sector (MEES, 21 November 2011). This has encouraged over-exaggeration of security needs and essentially given locals an incentive for there to be a need for a heavy security situation. The Ca...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Libyan Instability - The New Normal
...December by protests of locals demanding work. On several occasions in Repsol’s recent 2012 results presentation the company’s Libyan production was said to have returned to “normal” – the key reason the company was able to raise its overall production to 332,000 b/d for 2012 from 299,000 b/d for 2011...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
SABIC Pulls Out Of Caribbean Methanol Project
...s feedstock remains an objective of the government. The ministry noted that it was now “seeking to enter into a more favourable partnership” in pursuit of its development goals. Trinidad and Tobago produced 4.09mn cfd of natural gas in 2011. It is one of the world’s largest producers of me...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
MPs Object To Jordan March Product Price Rise
...ar. This compares with a subsidy for petroleum products estimated at JD800mn ($1,128mn) in 2012. According to latest figures from Jordan’s Department of Statistics, imports of crude oil and products rose by 20.8% in 2012 to JD4,702mn ($6,630mn) over 2011, accounting for 32% of total imports of JD...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
OPEC Holds Steady, Amid Renewed Focus On Output Sustainability
...bya and Iraq all had a strong first eight months of 2012, before faltering. Libya, recovering from the 2011 civil war, posted strong gains in early 2012, and managed to produce four straight months at 1.5mn-plus b/d by last October. Then a series of strikes and militia unrest began to erode oil in...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Benchmark Crude Prices & Crude Official Selling Prices
...b Feb-13 Jan-13 Q4 2012 Q3 2012 2012 2011 WTI 91.56 92.25 94.67 95...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013