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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 -
Lebanon Power Overhaul Gathers Pace
...e table 1) are crucial to boosting growth from the average 1.6% annual GDP growth since 2011. With the world’s third-highest debt-to-GDP ratio (150%), the government is otherwise broke and unable to break the low-investment low-growth cycle that has long plagued it, especially since the 2011 ou...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019