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Oman Taps BP’s Giant Khazzan Gas Field For LNG Boost
...fining change: the discovery and development of the massive Khazzan unconventional gas field on Block 61 in the center of the country. Back in 2017, BP brought the 1bn cfd Khazzan first phase online, followed by a further 500mn cfd under the second phase Ghazeer expansion in 2020. Capacity has been at...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Egypt: Apache Eyes Gas Gains As Eni Output Slumps
...an half the 3Q 2015 peak of 1.412bn cfd. As such national gas output is back at levels last seen before the 2017 start-up of Eni’s giant Zohr offshore field. ENI: ZOHR SLUMP And falling output at Zohr itself is a key part of the reason. Production has fallen to less than ha...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Aramco Approaches Finishing Line For Offshore Crude Increments
...AVY Aramco says that it ended 2024 with 189.8bn barrels of proved crude and condensate reserves, down from 191.3bn barrels last year and 204.8bn barrels in 2017 – the highest figure on record. The firm is hopeful that it will be able to tap into more of its reserve base from now on, with Saudi Ar...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Saudi Arabia Eyes ‘Competitive Advantage’ From Gas Output Growth
...unconventional gas globally. The move across to the Middle East has been slow to occur, but is now picking up pace. Oman was the pioneer, with the BP-led Khazzan tight gas project starting up in 2017, and Muscat is now looking to increase output from the development above current levels of 1.5bn cf...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Kuwait Targets 3.1mn B/D End-2023 Capacity
...C’s plans to award a fifth ETSA for development of oilfields in West Kuwait have gone nowhere, and production capacity from the area dropped from 530,000 b/d in 2017/18 to just 461,000 b/d in 2020/21. This is indicative of the major difference between Kuwait’s expansion plans and those of its ne...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Lukoil Gets Green-Light To Develop Iraq’s 250,000 b/d Eridu
...gnature comes six years after the field’s February 2017 discovery and almost two years after Lukoil in late 2021 filed a “preliminary development proposal” for a 20-year development and production phase (MEES, 26 November 2021). Back then no binding decision could have been made by the Oil Ministry as Ir...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Geo-Jade To Spend $60mn At Huwaiza
...t at 10,000 boe/d. The target is lower than MOC’s 2017 initial production target of 20-30,000 b/d. Unlike Iraq’s previously awarded Technical Service Contracts, the DPC remunerates foreign firms with a share of revenues and Geo-Jade will be entitled to a Remuneration Percentage Bid (RPB) of 7.15% af...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Iraq Appoints New Director At State Marketer Somo
...Nouri al-Maliki, a key backer of new Prime Minister Mohammed al-Sudani. Mr Yasiri had held the position since 2017, when he replaced long-term incumbent Falah al-Amri (MEES, 15 September 2017) and swiftly reversed plans to pivot to pricing Iraqi crude exports against DME Oman. MEES understands th...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Saudi Starts Up Key Fadhili Gas Plant
...aning that even after Tanajib starts up it will still be short by nearly 1.5bn cfd (MEES, 15 December 2017). The enormous $110bn Jafurah unconventional gas project is slated to start-up in 2024, but initial volumes are unclear. Given the long ramp-up to 2.2bn cfd sales gas capacity in 2036, Jafurah is un...
Volume: 63Issue: 10Published at Fri, 06 Mar 2020 -
Algeria’s Hassi Messaoud Gets Boost, More To Come
...ES, 21 February). Dodsal is also working on a 66,000 b/d gas-oil separation and compression project at the southern end of Hassi Messaoud, which at the time of its award in 2017 had a 2020 completion target. This is likely to slip however, as Algeria’s 2018 energy activity report released in Oc...
Volume: 63Issue: 10Published at Fri, 06 Mar 2020 -
Tunisia’s Nawara Gas Project: Too Little Too Late?
...18 that crippled gas output the previous year (MEES, 2 June 2017), but worryingly still managed to oversee a 9% drop in production to an 11-year low of 193mn cfd. 2018 crude output fell to its lowest level since the country started producing in 1966 - a mere 38,400 b/d (MEES, 22 February). Lower ou...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Iran’s South Pars Gas Development Edges Forward
...maining six, but Iran has suffered major setbacks on Phase 11. Having tied up a $4.8bn contract with France’s Total (50.1%) and China’s CNPC (30%) to develop Phase 11 to produce 1.9bn cfd and 80,000 b/d condensate alongside local firm Petropars (19.9%) in July 2017 (MEES, 7 July 2017), the project has fa...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Egypt Oil Output Slump To Continue. Import Dependence To Deepen
...ll – but not by much. The leap in Egypt’s gas output over the last 18 months has been spectacular – having slumped below 4bn cfd in mid-2016, by the end of 2017 output had rebounded to 5.6bn cfd, just shy of 6bn cfd demand (MEES, 16 February). Oil Minister Tarek El Molla’s target of achieving self-su...
Volume: 61Issue: 10Published at Fri, 09 Mar 2018 -
Rising Libyan Crude Output Hit By Outages At Key Southwest Fields
...e activity of a number of militias operating in different regions of the country generates a high level of insecurity,” Repsol said on 28 February. Sharara output resumed in December 2016 after a two-year outage: average 2017 output of 208,000 b/d was the highest since 2013 (see chart). But both Sh...
Volume: 61Issue: 10Published at Fri, 09 Mar 2018 -
Total Closes Maersk Deal
...Total’s $7.5bn acquisition of Denmark’s Maersk closed on 8 March, barely six months after the plan was announced (MEES, 25 August 2017). Maersk’s net output fell to around 160,000 boe/d for the second half of 2017 after the company handed over its largest asset, Qatar’s 300,000 b/d Al-Shaheen fi...
Volume: 61Issue: 10Published at Fri, 09 Mar 2018 -
Asian LNG Imports Hit Record High In 2016; Global Supply Glut Yet To Come
...oduction from new plants in Australia and elsewhere was mostly absorbed by Asian buyers, but at the ‘cost’ of pushing down prices. As more LNG comes online during 2017, the ability of Asian buyers to soak up additional supplies will be further tested for this year. Collective imports to the global ‘to...
Volume: 60Issue: 10Published at Fri, 10 Mar 2017 -
A Tale Of Two Libyas As Jihadists Step Up Oil Field Attacks
...ntract on the project. The two fields were expected to add 180,000-200,000 b/d by 2017 (MEES, 9 November 2012). According to ConocoPhillips, its 2015 drilling program in Libya “remains uncertain as a result of the ongoing civil unrest.” The company completed four appraisal wells in 2014, it says, bu...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oxy Angling For Adco Stake In Gulf Divestment U-Turn
...mediately, increasing to 180,000 b/d from 2017, when the 1.8mn b/d target is attained. All the legacy partners lost bookable reserves and production of roughly 150,000 b/d, which has been reflected in their 2014 results. Adnoc sweetened the terms on offer for the new concession, raising the per barrel pa...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oman May Cut Oil Investment If Oil Prices Remain Subdued
...owing domestic demand, until the planned 2017 start-up of the BP-operated 1bn cfd Khazzan tight gas project in Block 61. Both of these targets require a heavy reliance on key producer Petroleum Development Oman (PDO: Oman 60%, Shell 34%, Total 4%, Partex 2%), which delivered close to 70% of the su...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oman’s OPWP Seeks Salalah IWP Advisor, Progressing Other Projects
...ant at Sohar, which both lie on the northern Gulf of Oman coast. Earlier OPWP signed a build-own-operate agreement with a consortium led by Singapore’s Hyflux for a 200,000 cmd IWP to be built at Qurayyat, east of Muscat on the Gulf of Oman coast. Commercial operation is scheduled to begin by May 2017...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015