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Marib Conflict Threatens Yemen’s Struggling Oil Sector
...llapsed to just 14,000 b/d in 2016. Green shoots then began to emerge, first in the eastern Masila Basin where state firm PetroMasila restarted oil production in 2016 (MEES, 15 September 2017). PetroMasila produces 40,000-50,000 b/d from Blocks 10 & 14, of which some 34,000 b/d was exported last year. Oi...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Ex-Sonatrach CEO Held In Dubai Amid Refinery Probe
...rest warrant “against the main accused” in the ongoing corruption case surrounding Sonatrach’s December 2018 purchase of Italy’s 200,000 b/d Augusta refinery (MEES, 11 May 2018). “The main accused” was widely believed to be Ould Kaddour, who was Sonatrach CEO from 3 April 2017 to 23 April 2019 and le...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
IOCs Advance In KRG, Cautiously
...tentially paves the way for expedited stand-alone development of the field’s 37mn barrels (2C) oil reserves. Oil reserves are modest, but additional production would be warmly welcomed by the KRG in the wake of last October’s loss of 280,000 b/d Kirkuk output (MEES, 20 October 2017). Especially given th...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Dana Egypt: No Cash, No Work
...$228mn from $265mn a year earlier. But all of this fall, and then some, was achieved in the first half of 2017 – the figure stood at $189mn as of June 2017, a seven-year low. For the second half of the year “payments from Egypt were sporadic and disappointing,” Dana CEO Patrick Allman-Ward sa...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Libya Output Gets Waha Boost; Targets Bu Attifel, Sharara Next
...ARARA FIELDS HAS RAMPED UP SINCE 20 DEC RESTART, BUT STILL HAS A LONG WAY TO GO (‘000 B/D) *LATE/END MONTH IN EACH INSTANCE. ^AS GIVEN BY OPERATOR REPSOL FEB 2017. 2018 TARGET IS TO HIT 340,000 B/D CAPACITY DURING THE YEAR, NOT AS AN ANNUAL AVERAGE. SOURCE: REPSOL, STATOIL, OMV, MEES ES...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Rosneft: Russia Mixes Business With Politics In Mena Expansion
...erators that will make the project successful.” Eni, in its 2016 annual report, released this week, says it expects Rosneft’s Zohr purchase “will be finalized in the first half of 2017.” Rosneft also seemingly sees itself as a key LNG player, despite having no LNG production of its own either now or...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
MEES Special Report: Jihadist Instability In North Africa And Beyond
...e development of upstream oil and gas potential. A series of new tight gas developments in the southwest of the country are set to begin coming onstream from 2017. All are operated by joint ventures between Sonatrach and overseas oil firms deliberately recruited for their expertise in developing di...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Algeria, Poland To Share Shale Tips As Protests Continue
...rder (MEES, 13 March). The first exploration phase expected to last up to 2017, including the drilling of two wells and seismic acquisition. The UK’s BP, for its part, is currently conducting a desktop study in London. The lingering environmental protests are increasingly seen as a risk by foreign co...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015