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Bahrain Eyes Unconventional Oil For Economic Reboot
...ngdom’s hydrocarbon reserves.” The tests, in the former-Block 4 license relinquished by US-firm Oxy in 2012, showed light 43°API oil from Hanifa-Tuwaiq Mountain source rock. Bapco’s 2014 report said it had engaged “a US-based consultant” to appraise onshore and offshore unconventional plays. Then in Se...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Yemen: IOCs Eye Re-Entry Amidst Battlefield Stalemate
...OMV’s 2014 global net liquids output. But this share was set to rise from 14,500 b/d (6,400 b/d net to OMV) for 2014 to 23,000 b/d in 2016 with the culmination of €1.9bn development plans. Late-2014 saw the start-up of five wells and two early production facilities, with a further 15 wells pl...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Iraq Eyes 70,000 B/D Refinery Boost By End-2018
...rrently stands at 600,000 b/d but that given the decrepit nature of much of the infrastructure it can rarely reach such levels (MEES, 16 February). The refining sector was hit badly by the rise of Islamic State, with the 310,000 b/d Baiji refinery gutted in 2014. Baghdad’s scattergun approach to do...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Sonatrach Slashes 5-Year Spending Plan: Is It Finally Getting Real?
...ar’s $75bn for 2017-21 and little more than half the $100bn planned for 2014-18. But muddying the water is that actual spending in recent years has seriously lagged the planned figures. Each plan has presumed that ‘one more year’ of austerity will be followed by four years of higher oil prices and in...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018