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Eni Discovers 1tcf Offshore Libya
...t to reach a depth of up to 4,500 meters (15,000 feet) once drilling is completed. Block 38 falls within the giant offshore ‘Area C’, awarded to BP in a landmark 2007 deal (MEES, 4 June 2007). After development plans were disrupted by the 2011 revolution and the ensuing instability, Eni took ov...
Volume: 69Issue: 12Published at Fri, 20 Mar 2026 -
Key Russian Investor Takes Over Syria Producer Gulfsands
...,000 b/d Block 26 on the border with Iraq. *The fields are currently operated by Syrian state firm GPC after Gulfsands was required by EU sanctions to withdraw in 2011. *Kroupeev has close ties to the Kremlin. Since gaining a majority stake, Gulfsands has reversed previous attempts to di...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
First Oil For Libya’s Zallaf
...e 2011 revolution, with the first 10,000 b/d phase of the 50,000 b/d Sinawin project led by NOC subsidiary Agoco starting up late last year (MEES, 6 November 2020). Yet after years of inaction, Zallaf appears to be intent on taking full advantage of Libya’s brightening prospects for peace and po...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Total Reasserts Position As Dominant IOC In Mena On Back Of Abu Dhabi Deal
...posure in recent years. Regional gas output, peaked at 1.46bn cfd in 2011, but suffered its fourth consecutive annual fall in 2017, averaging less than 800mn cfd. The biggest hit has been from regional conflicts, with no Syrian volumes since 2011 and nothing from Yemen since 2015. Combined output fr...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Majors In The Middle East: 2016, A Year Of Consolidation
...tent of its ultimate stake in the combined asset is unclear. As for Total’s Middle Eastern gas output, conflict outages in Syria and Yemen mean this is barely half what it was in 2011. And those conflicts are set to continue for the foreseeable future. The primary source of potential additional ga...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Total: Adco Boosts Oil Output But Gas Lower On Yemen conflict
...wars. In Syria the firm produced 218mn cfd of gas in 2011 – making it Total’s third biggest MENA province: it has produced nothing there since. In Libya, Total’s oil output collapsed to 20,000 b/d in 2011 with the ‘revolution’ and again in 2014 and 2015 as instability grew: current (and 20...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Majors Have Another Year To Forget In The Middle East
...ay, allowing Qatar to open up a 0.36bn cfd lead as the company’s largest source. This is the biggest gap since 2010, when Qatari volumes were 1.27bn cfd more than US contributions. Qatari volumes rose for the first time since 2011, but were unable to prevent a fourth consecutive drop in annual global ga...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Gulfsands Struggles For Cash As Syria Return Recedes
...nce it abandonded the asset and declared force majeure in December 2011, shortley after the start of the Syrian conflict. The “facilities remain in good order in Syrian/Kurdish controlled areas,” Gulfsands says, adding that the firm is “entitled to receive [its] revenue share for oil produced since mi...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
RWE-Dea Sold To Russian Investor Group
...ncessions in Libya, which remain undeveloped (see table). Dea’s regional portfolio would have meshed well with Wintershall’s Libyan assets, which yielded 100,000 b/d before the 2011 civil war plunged the country’s oil sector into disarray. Wintershall, a subsidiary of German chemicals company BASF, is al...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Moody’s: Petronas To Benefit Most From Sudan’s Oil Restart
...dan to a restart of Southern oil exports through the north, ending a near 14-month shutdown caused by a disagreement over oil transit fees (MEES, 15 March). Crude production in the two Sudans accounted for about 7% of Petronas’ total output in 2011, Mr Wong said, whereas it accounted for less than 4% of...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013