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Egypt Gulf Of Suez Renaissance: Can It Be Sustained?
...l was first discovered over 100 years ago. The region remained Egypt’s top oil producing province until 2011 when it was overtaken by the Western Desert. The region’s top producer is Dragon Oil, a subsidiary of Dubai’s state oil firm Enoc, with production reaching 66,000 b/d in February. Dr...
Volume: 67Issue: 14Published at Fri, 05 Apr 2024 -
Cyprus’ Aphrodite: Operator Chevron Mulls Cut-Price Tie-Back To Egypt Subsea
...r the 2011 discovery which lies 160km offshore on the Cyprus/Israel maritime border in 1750ms water depth. A development plan approved by Nicosia in November 2019 as part of a renegotiated PSC (MEES, 8 November 2019), envisaged five production wells and output of 800mn cfd, with tie-back di...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023 -
North Africa Gas Exports To Europe Fall Amid Russian Uncertainty
...bitious, particularly given the fall in exports from North Africa in the first quarter of the year. LIBYA FLOWS LOWEST SINCE 2011 Libya, which is another key supplier of gas to Italy through the 8bcm/y (775mn cfd) GreenStream pipeline, saw its exports hit a decade-low 3.2bcm (313mn cfd) last ye...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Egypt Gas Output Tops 7bn cfd As Oil Plummets To New Lows
...ch the Mediterranean share of overall output leapt to 73.2% for February, just fractionally below the all time high set in December 2011 (see chart 1). And even in the Mediterranean all is not plain sailing with BP’s West Nile Delta (WND) project having seen output collapse to just 250mn cfd (MEES, 26...
Volume: 64Issue: 14Published at Fri, 09 Apr 2021 -
Libya: Key BP/Eni And Total Deals Yet To Materialize
...,000 km2 acreage – ‘Area A’ and ‘Area B’ in the Ghadames Basin bordering Tunisia and Algeria and a huge offshore block in the Sirte Basin – in 2007 committing to spend at least $900mn and drill 17 wells (MEES, 4 June 2007). But just as BP was to commence offshore and onshore drilling in February 2011...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
New Adnoc Supremo Commits To 3.5mn b/d Output Target Amid Leadership Shakeup
...d gas sector, with the first major reshuffle of Abu Dhabi’s most senior oil and gas decision making body, the Supreme Petroleum Council (SPC), since 2011. The ruler of Abu Dhabi, UAE President Khalifa bin Zayid al-Nahyan, announced the reshuffle by decree on 28 March. The shakeup brings seven new fa...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016 -
Egypt: Apache Oil Output Rises As Gas Shortages Intensify
...TPUT 2009 2010 2011 2012 2013 2014 Gross: Oil (‘000 b/d) 162.0 189.3 217.2 21...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Libyan Federalists Offer Fresh Hope Over Eastern Oil Exports
...st, putting the government under additional pressure. Production, which by last July had recovered to around 1.4mn b/d after a near complete outage during the 2011 revolution, now languishes at just 150,000 b/d. Federalist militia control the Es Sider, Ras Lanuf and Zueitina terminals, which ha...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Egypt Hopes Payment Deals Will Reinvigorate Upstream Investment
...atements, released last week, show Egyptian receivables rose from $131mn at the end of 2011 to $164mn at the end of 2012 despite it having been paid $135mn last year. The firm says it has now struck a monthly payments deal with EGPC and received $52mn during 1Q13. Meanwhile, cash-strapped UAE independent Da...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Yemen Hopes To Turn A Corner, Offers Yet More Blocks
...ar was a difficult year for Yemen. While the situation in its neighboring Gulf States had calmed somewhat from the most active days of the Arab Spring in 2011, Yemen was still forced to contend with a host of challenges that continuously threatened to endanger both its domestic stability and regional se...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013