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Leviathan To Turkey Pipeline Talk Resurfaces
...mietta or Idku and/or a floating LNG (FLNG) facility to be moored in Israeli waters next to the Leviathan platform, 10km offshore Dor (see map). Since tentatively starting in 2017 with minimal volumes to Jordan’s Arab Potash plant on the Dead Sea, Israel’s gas exports have risen meteorically. Exports we...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Mounting Debt Obligations Take Shine Off Of KRG Oil Revenue Boost
...ES, 21 January). Output dropped from 453,000 b/d in 2020 to 445,000 b/d last year, but gross oil revenues more than doubled to $9.12bn thanks to resurgent oil prices. This is the highest figure since the KRG brought Deloitte in to audit its oil sector in 2017 and began issuing quarterly reports. Gr...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
QP Expands In Namibia
...creasing overseas footprint, not to mention plans to massively expand its LNG capacity and increase its operating role of its LNG facilities (MEES, 5 April), QP is well on the way to achieving plans set out by Mr Kaabi in 2017 to turn QP into “an International Oil Company” (MEES, 8 December 2017). This wo...
Volume: 64Issue: 14Published at Fri, 09 Apr 2021 -
Iraq Oil Revenues At Highest Level Since 2019 As Crude Tops $60/B
...tside the control of the federal government. The KRG’s exports from Ceyhan fell to just 360,000 b/d for March, Kpler data indicate, down almost 40,000 b/d on February and the lowest figure in three months. For Q1 as a whole KRG exports of 412,000 b/d were second only to 2Q 2020 as the lowest since 4Q 2017...
Volume: 64Issue: 14Published at Fri, 09 Apr 2021 -
Iraq Asks IOCs To Slash Spending As Export Revenues Halve
...cord 4.63mn b/d last year, due largely to its immense low-cost reserves. With things back to “normal” following defeat of the Islamic State insurgency in 2017, Baghdad eyed a massive overhaul of its energy sector, including several new refineries, revamped export infrastructure, production capacity in...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Lebanon Kicks Off Bidding
...dders. Whilst some Arab countries have tentatively reached out to Israel in recent months (MEES, 29 March), and Jordan and Egypt have full diplomatic relations with Israel, Lebanon-Israel ties remain in the deep freeze. Lebanon’s first bid round took several years to close (MEES, 20 October 2017), an...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Soco Plans Egypt Expansion After $207mn Merlon Purchase
...s been on the slide. Production from the concession’s 10 fields averaged 5,692 b/d in Q1 down from 7,900 b/d for 2017. But Soco has ambitious plans to hike output to 15,000 b/d by 2023. The initial focus will be on “offsetting the recent decline and then growing producing through additional drilling an...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Egypt Cuts Receivables Bill Amid Arbitration Threat
...art-up of its 2017 South Disouq discovery in the onshore Nile Delta. SDX says by June it “will complete construction of the central processing facility, the 10km export pipeline” and tie-ins for the four wells drilled at the field. It’s targeting first gas by the middle of this year, plateauing at 50...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Libya: Key BP/Eni And Total Deals Yet To Materialize
...the time, saying it was eying output of around 400,000 b/d by end-2020, while Waha boss Ahmed Ammar in late-2017 talked of eventually reaching 600,000 b/d (MEES, 1 December 2017). But the other partners to the JV (Hess: 8.16%, ConocoPhillips: 16.33%) have shied away from making any investment co...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Bahrain Brings Chevron Aboard Its Unconventional Revolution
...evron, Total, Exxon.” Speaking about development of the KAB basin in January, the minister said that “we are drilling a few test wells. It’s onshore, with a chunk offshore, and we are drilling onshore now into this formation. We flowed oil in 2017… from the first test well. Now we are drilling wells to...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Bahrain Eyes Unconventional Oil For Economic Reboot
...ng Hamad Al-Khalifa in Manama in August 2017. Manama has been eyeing the potential of its offshore unconventionals for some time. State-owned Bapco’s 2012 Annual Report said it was testing unconventional resources off the South West coast with “potentially significant implications for the Ki...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
OMV Set For Adnoc Offshore
...abi, primarily in the downstream sector. OMV is a partner with Mubadala in petchems firm Borealis, which partners Adnoc in the Borouge joint venture, operator of three polyolefins plants at Ruwais, 240km west of Abu Dhabi city (MEES, 17 November 2017). It also has modest upstream activity. It pa...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Libyan Crude Exports At 5-Year High
...LIBYA MORE THAN DOUBLED CRUDE EXPORTS* TO 724,000 B/D FOR 2017. ITS RANGE OF DESTINATIONS IS WIDENING... ...BUT THOUGH CHINA TOOK 65,000 B/D AND THE US 57,000 B/D FOR 2017, OVER 77% STILL WENT TO EU COUNTRIES (‘000 B/D) *FIGURES ARE FOR IMPORTS TO GIVEN COUNTRY. LISTED CO...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Qatar Restarts Gas Expansion Plans As Iranian Output Of Shared Field Soars
...rrently planned to begin operations this year. ExxonMobil has a 7% stake and its 2016 Operational Review lists Barzan with its planned 2017-18 startups. Along with the 1.4bn cfd of natural gas, Barzan is also expected to provide Qatar with 22,000 b/d of field condensate, 6,000 b/d of plant condensate, 20...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
New Adnoc Supremo Commits To 3.5mn b/d Output Target Amid Leadership Shakeup
...pect to see a slow but upward improvement in the medium term. Overall we think that 2016 and 2017 will be the years during which markets will start to rebalance.” But this optimism is not universally shared, with a number of variables in play that could dampen or reverse price gains (see p11). NEW FA...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016 -
Chevron Looks To Farm Down KRG, Morocco Interests
...completed 2D seismic work in 2014 and plans to started 3D seismic work in 2015. Chevron is targeting a 500,000 b/d-plus rise in production to 3.1mn barrels per day of oil equivalent (boe/d) by 2017 – an ambitious target given that output has been trending downwards in recent years (see gr...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Kurdish Export Initiative Stalled By Pipeline Sabotage
...bruary, the highest in more than three decades. Lukoil is operator of the field with a 75% stake. The remaining 25% is held by NOC. Lukoil agreed to lower the production plateau target for West Qurna-2, originally set at 1.8mn b/d to be attained by 2017, to 1.2mn b/d while extending the duration of the 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
UAE Moves Ahead On $2.39Bn Upstream Drive
...ma-Opco – state owned ADNOC 60%, BP 14.66%, Total 13.34% and Jodco 12% – to add 395,000 b/d of production capacity from offshore fields by 2018, with 100,000 b/d coming from the SARB oilfield in 2017-18. Adma-Opco will start drilling by mid-2014 MEES learns, with three land rigs on two artificial is...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013