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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 -
Libya’s Oil Continues Its Fall
...west since the 2011 revolution (MEES, 6 March). Mr Haftar is attempting to starve the Tripoli-based government of vital oil revenues in support of his war to take over the capital (MEES, 14 February). The blockade of five eastern oil terminals has brought production from the key Sirte basin fields do...
Volume: 63Issue: 11Published at Fri, 13 Mar 2020