Tips:
Use the plus sign (+) for terms that must be included in your search
For example: oil +cyprus

  1. 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: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  2. 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: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  3. 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: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  4. 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: 66
    Issue: 10
    Published at Fri, 10 Mar 2023

  5. IFAD Upper Zakum Contract Set For Q3 Launch

    ...gional producer still pricing its export grades against Platts Oman. Somo previously announced plans to make the switch to DME Oman back in 2017 (ahead of Aramco) but pulled back from making the move (MEES, 15 September 2017). An IFAD Upper Zakum contract may be a tempting benchmark for Somo to price ag...

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

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

    ...troleum once it has been recommissioned (MEES, 24 February).  BLOCK 44: NEW DRILLING CAMPAIGN            ARA acquired Block 44 (100%) from Thai state firm PTTEP in August 2016 (MEES, 24 November 2017). It used to be ARA’s only gas producing asset, and primarily consists of numerous small non-as...

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