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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 -
Jazan IGCC Comes Into Focus As Saudis Streamline Their Power Options
...exibility. Saudi Aramco has confirmed that the capacity of the integrated gasification combined cycle (IGCC) power plant being built at Jazan will be 4GW, with start-up in 2017-18. The plant is a key part, along with a 400,000 b/d capacity refinery, of a $20bn government program to develop one of the ki...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Saudi Arabia Takes Lesson From History
...ojects in its business plans to 2017, below current price levels for Brent crude, though above US marker WTI, which has recently traded at a discount of up to $10/B to Brent. ...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
For KRG All Roads Lead To Turkey
...ate banks are also expected to finance a proposed gas pipeline from the Kurdistan region, says Mehmet Sepil, President of Anglo-Turkish Genel Energy, which will supply the gas from its Miran and Bina Bawi gas developments in Iraqi Kurdistan starting in 2017. SOFT TURKISH LOANS Mr Sepil said on...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Dea Looks To Expand With $10Bn War Chest
...5mn cfd 56mn cfd $585mn 2017 Libya: NC193,195 100% n/a 30,000 b/d 30,000 b/d $500mn 20...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
BP Still Owed $2.3Bn In Egypt
...ak production,” BP North Africa President Hesham Mekawi says. All gas will be delivered to the domestic market. Under amendments to the development agreement, approved by the Egyptian cabinet on 18 December, BP agreed to expedite development with first gas by 2017 in return for a further hike in ga...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
More LNG Import Deals?
...EGYPT MORE LNG IMPORT DEALS? Egyptian Oil Minister Sharif Isma’il says that there is a “very high possibility” that Egypt will agree additional LNG import deals with Shell and Total to cover the period 2017-20. Egypt recently signed five LNG import deals, including with BP, totalling ar...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015