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Oman State Upstream Firm Targets 2025 Growth Via Acquisitions & Upgrades
...cond onshore block OQEP operates after Block 60. OQEP signed an exploration and production sharing agreement for Block 60 back in 2011. By 2014 it brought online the Abu Tabul tight gas field (MEES, 23 January 2015) where output averaged 20.1mn cfd for 1H 2024. This was followed by the discovery of the Bi...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...24). The Satis-1 Oligocene discovery was drilled in 2008 to a total depth of 5,883ms with Satis-3 drilled to a total depth of 6,592ms the following year. The block also contains the 2011 Salmon-1 Pliocene discovery which was drilled to a total depth of 1,632ms. The block has 1.1tcf of gas in place, EUG sa...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
‘It’s A Beautiful Asset’: Chevron Talks-Up East Med Expansion Plans
...rect Israel-Egypt pipeline, this one a 600mn cfd onshore route linking Israel’s southern gas network with the Egyptian Sinai via the border crossing of Nitzana. APHRODITE BECKONS As for the potential for long-stalled development of Cyprus’ 2011 Aphrodite discovery, all eyes are now on an...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Egypt Gas Output Slump Means Lower LNG Exports Despite Record Israeli Flows
...lumes of 1.27mn tons (0.56mn tons Idku, 0.71mn tons Damietta) are the highest for the first two months of the year since 2011 – spot LNG prices have eased considerably in recent months (see p20), reducing the LNG revenue bounty for Egypt’s stretched economy (MEES, 24 February). 1: EGYPT GAS OU...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Egypt Upstream Spending Slashed With Oil Price ‘Disaster’
...,700 b/d for 2020, the lowest since 2011. And, with a total halt to drilling, a further sharp fall in 2021 is all but inevitable. Plans for 16 wells in Egypt in 2020 have been slashed to just one development well which had “already spudded prior to the price disruption.” Exploration spending, including the fo...
Volume: 63Issue: 11Published at Fri, 13 Mar 2020 -
Egypt Close To Tapping Aphrodite
...Egypt’s parliament this week passed a law approving the construction of a pipeline from Cyprus’ economic waters, clearing the path for the development of the Mediterranean island’s 4.2tcf December 2011 Aphrodite discovery. MEES understands operator Noble Energy is close to concluding a de...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Egypt Launches Red Sea Bidding
...l in 1908 and source of 239,000 b/d of 2018 output. Most recently US firm Hess drilled a dry well in April 2011 on the Cherry prospect in 700ms water depth on its North Red Sea block which includes acreage in new Blocks 1, 2 and 3. At the time Hess said it was targeting “a potential extension of Gu...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Shell Boosts Egypt Gas Output, Retains LNG Force Majeure
...gas (2.45bcm) for 2018, a five-year high. This is little more than a quarter of 2011 volumes, Shell Egypt country manager Gasser Hanter told MEES in Cairo in February that the firm expects to export 30 LNG cargoes in 2019 after exporting 22 in 2018. SHELL NET EGYPT GAS OUTPUT ROSE LAST YEAR FO...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Eni Swoops For Abu Dhabi Offshore, Sells Mubadala 10% Of Egypt’s Zohr
...quisitions annually to 2025 and that it’s targeting the Middle East’s burgeoning demand. ENI’S MIDDLE EAST PUSH Eni’s traditional stomping ground has been the Mediterranean and North Africa. Within the Mena region, North Africa provided Eni with 233,000 b/d net output in 2017, the lowest since 2011’s 20...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
KRG Pipeline Politics: Ankara-Baghdad Balancing Act Looks Increasingly Perilous
...G to its Turkish political connections. Former BP chief Tony Hayward, appointed as Genel chairman in 2011 when the firm listed in London, said about plans to export Kurdish gas to Turkey in the firm’s 2015 results on 3 March, Turkey’s strategy is “to try to create some semblance of stability al...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Saudi Draws Down Stocks, Boosting Exports, Runs To Near Record Levels
...nthly drawdown since May 2011. This enabled crude exports to rise to 7.84mn b/d, the second highest level ever after the record 7.90mn b/d set last March, latest data from the Riyadh-based Joint Organizations Data Initiative (Jodi) indicate (see graph 1 and below for full data). • Not only were cr...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Iran Beats The Odds With 20% Gas Output Hike
...2014 2020+ 2.00 77 15,16 94 2011 2015-16 1.80 80 17,18 88...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Kuwait To Invite IOCs To Bid On Expansion Projects
...rst phase, rising to 270,000 b/d by 2020 and to 270,000 b/d by 2030. Kuwait, which has managed to raise its non-associated gas production since 2011, is targeting a doubling of its gas production capacity to 3bn cfd by 2030, largely from its northern gas fields. But as with most of its major ca...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Kurdish Oil Output Set To Rise But Exports Elusive
...tended well test in 2011-12, already has production facilities in place. Additional development wells at Sarqala, including the Hasira-1 well currently being tested, are expected to deliver additional volumes through planned expansions to initial production facilities that have a design capacity of up...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Cyprus Looks To Drilling Uptick To Boost LNG Plans
...public of Cyprus since Turkey’s 1974 invasion. Cyprus completed a first licensing round for exploration rights in August 2007 with one block – Block 12, at the far south of Cyprus’ Exclusive Economic Zone (EEZ) – awarded to Texas-based Noble Energy. The first exploratory well was drilled in September 2011...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Yemen: In With The Old, Out With The New
...leged to have been behind several attempts to bribe Yemeni officials to help it secure an extension to its contract on the prolific 35,000-40,000 b/d Block 14 license. Nexen denied the allegations and was ultimately unable to hold on to the block, losing operatorship to state-company PetroMasila in 2011 wh...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Saudi Aramco Eyes 550,000 B/D Expansion
...ready stands at 1.4mn b/d. And unlike the bulk of Saudi Arabia’s crude production, Khurais, 250km southwest of Riyadh, pumps oil westwards to Yanbu’. So Khurais exports would keep flowing even in the event of a disruption of Straits of Hormuz traffic (MEES, 28 February 2011). Khurais has proven reserves of...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Kuwait Moves 4Mn B/D 2020 Crude Target Back To 2030
...en producing since 1946. KOC keeps output between 1.4-1.5mn b/d, MEES learns. KOC carried out a successful 20-month pilot water injection scheme, which finished in July 2011 (MEES, 27 June 2011). This injected effluent and aquifer water into Burgan’s Wara reservoir, giving a better un...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Iran Projects Oil Exports At 1.3Mn B/D
...gime of US and European financial and trade sanctions, is trying to diversify its revenue away from oil exports, a main source of foreign exchange. Recent data is hard to come by, but in the first nine months of the Iranian year 1390 (March-December 2011), the value of Iran’s oil exports accounted for 83...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Sudans Hope Third Time Is The Charm
...start in production to review the metering system that is in place currently. Each side will conduct a review of the facilities in its own territory. South Sudan seceded from Sudan in July 2011, taking with it around three-quarters of the former Sudan’s oil production. It then shut down its ne...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013