1. 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: 56
    Issue: 14
    Published at Fri, 05 Apr 2013
  2. SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk

    ...e BOO project company equity and SEC will own 50%. The plant is expected to cost $2.5bn and will run on heavy fuel oil provided by SEC. Project completion was initially slated for 2017, but SEC has recently issued a revised IPP program that brings the planned completion date for Rabigh-2 forward to 20...

    Volume: 56
    Issue: 14
    Published at Fri, 05 Apr 2013