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  1. Baghdad’s New Contract Model: Can It Reverse IOC Exodus?

    ...rdistan, where Production Sharing Contracts (PSCs) were on offer, despite Baghdad threatening to blacklist any firms which signed deals with the KRG (MEES, 12 September 2014).   Lack of interest in new acreage was just the beginning. Things soon deteriorated further, with IOCs beginning to exit the co...

    Volume: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  2. Chariot Advances Morocco Gas Development Plan

    ...her nearby leads on the Lixus permit could take reserves to 6tcf. Spain’s Repsol discovered Anchois back in 2009, before declaring it uneconomic and relinquishing the acreage in 2014. Repsol’s discovery formed part of a surge of exploration interest in Morocco’s ‘Atlantic Margin’ that petered ou...

    Volume: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  3. ARA PetroleumTargets 30,000 boe/d Oman Output

    ...aller firms such as CCED, Medco and Tethys. One player which often escapes the limelight is Omani independent E&P firm ARA Petroleum which operates three assets in the country. ARA was founded in 2014 by parent company Al Zubair, formally known as Muscat Trading Company. The firm specializes in “un...

    Volume: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  4. Iraqi Kurdistan Unilaterally Imposes New Payment Formula On IOCs

    ...pacted by government diktats. Payment delays are not a new development in Kurdistan, with previous instances following the 2014/15 price collapse and the Covid-19 pandemic. But firms speaking at a SpareBank 1 conference in Norway earlier this month expressed puzzlement at the delays this time. DNO CF...

    Volume: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  5. Iraq Looks To New Karbala Refinery To Cut Record Fuel Import Bill

    ...Hyundai Engineering awarded the EPC contract nine years ago (MEES, 10 January 2014). Since then, the primary gains to Iraq’s refining capacity have come from repairing existing units such as those at the Baiji refinery. Another key project is the construction of a 55,000 b/d FCC complex at the 35...

    Volume: 66
    Issue: 10
    Published at Fri, 10 Mar 2023