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Firms In The KRG: How Low Can They Go?
...e return to regular, reliable payments in 2017, the slew of small firms focused on the region – including Norway’s DNO, London-listed firms Genel and Gulf Keystone; and Canada’s Oryx, Western Zagros and Shamaran – put together a strong run of form. Excluding the 2017 loss of 280,000 b/d Avana Dome an...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Saudi Aramco’s Inner Workings: Bond Prospectus Lifts The Lid
...erations. Upstream is Saudi Aramco’s bread and butter. And the prospectus states that “As at 31 December 2017, the Company’s proved liquids reserves were more than five times the combined proved liquids reserves of the Five Major IOCs.” The firm is also increasingly focused on expanding its downstream fo...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Egypt Receivables: A Glass Half Full Or Half Empty?
...ll of $396mn (47%) from the end-2015 figure of €771mn ($837mn), with the total down almost $500mn over two years (see table). “The residual amount outstanding at the reporting date has been further reduced by a payment dated January 2017 amounting to $240mn (€228mn).” BP, is more coy; its latest an...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
BP Egypt Output: Only Good News?
...nual report released 6 April, also flags up the Nooros field on the Abu Madi West block split with Eni (75%, BP 25%) in the shallow offshore Nile Delta as a key 2016 success. Output here hit plateau levels of 875mn cfd gas and 7,000 b/d condensate in January 2017, less than 18 months after discovery, BP...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Petroceltic: Worldview Or Bust
...rly 2019:” the 2012-approved development plan had 2017 (MEES, 13 August 2012); the firm subsequently insisted 2018 was feasible (MEES, 1 May 2015). In fact the project’s delays, so far, have been modest for Algeria. If Worldview is sensible it will seek to keep hold of Petroceltic’s project ma...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016