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Oman’s OQEP Targets 300,000 Boe/D By 2030
...EP’s working interest was hovering around 40,000 boe/d until two major projects came online in 2017, driving rapid growth; namely the expansion of its Bisat oil field in Block 60 and the startup of the BP-led 1bn cfd first phase Khazzan tight gas project in Block 61 (BP 40%op, OQEP 30%, Petronas 10...
Volume: 69Issue: 12Published at Fri, 20 Mar 2026 -
BP Seeks To Build On Historic Middle East Foundations In ‘Return To Upstream’ Strategy
...ream. BP returned to the remodeled concession in December 2016, after the original concession agreement expired in 2014, and the current agreement runs until end-2054. Return to Adco lifted BP’s net Abu Dhabi output to a record 257,000 b/d in 2017, but after the offshore Adma concession expired at the en...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Dark Days Ahead For KRG Oil Sector
...re reached in 2017 (MEES, 1 September 2017). As with then, if low prices persist the KRG faces having to decide between making IOC payments and covering its own expenses (like salaries). If prices stay low, the KRG’s ambitious near-medium term plans to increase output may prove unsuccessful. Pr...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Total Reasserts Position As Dominant IOC In Mena On Back Of Abu Dhabi Deal
...some 150,000 b/d less (MEES, 16 March). Abu Dhabi is the single largest source of oil in Total’s portfolio, so walking away from the Adma concession after its 8 March expiry would have been a major blow. At 278,000 b/d in 2017, Abu Dhabi provided 20% of Total’s total output, making it by far th...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Shell Nears Iraq Exit As Itochu Takes WQ-1 Stake
...ocessed a record 676mn cfd gas from three giant fields in 2017 (MEES, 16 March). ...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Shell Recommits To Egypt With Plans To Double Offshore Output
...rt of its takeover of the UK firm at the start of 2016 From 1.2bn cfd as recently as 2012, WDDM output fell to just 526mn cfd for the 2016-17 Egyptian financial year (to June 2017) and to 486mn cfd for the second half of 2017. Shell’s net Egypt gas output fell to just 335bn cfd for 2017, with the WD...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Majors In The Middle East: 2016, A Year Of Consolidation
...Oil Majors consolidated their positions in the Middle East in 2016, with preliminary results indicating a slight fall in liquids production against 2015. But while output flatlined, key contracts were signed that will see sizeable gains in 2017 and beyond. The combined Middle East liquids sh...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
RWE-Dea Sold To Russian Investor Group
...bstantial MENA presence. Dea’s regional portfolio is anchored in Egypt, where it started up gas production at its Disouq concession in the Nile Delta last September. The company also has around 30% of the West Nile Delta project it is developing with BP. Start-up is scheduled for 2017, after negotiation ov...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014