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Shell’s Iraq Gas Project Inches Forward; First Majnoon Cargo Lifted
...mpany 25%. Under the 20-year technical service contract that expires in 2030, the consortium is to be paid $1.39/B to raise Majnoon output to 1.8mn b/d by 2017. Shell has not yet completed negotiations with the oil ministry on a lower plateau target, which the company believes should be set at 1m...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Abu Dhabi’s Oil Production Capacity Target Slips
...mpletion as scheduled in March 2017 and will round up ADMA-OPCO’s existing capacity expansion projects that will take overall capacity to 970,000 b/d by 2020, two years after the existing concession runs out. Further additions will come from the Upper Zakum offshore field, which is being expanded by an in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Oman Peak Demand To Double By 2020, Gas Burning Up 50%
...ll see gas burning rise by a comparatively modest 50% from 7.4 bcm in 2014 to 11.1b cm in 2020. As long as the country’s key upcoming upstream gas project, BP’s $16bn, 10 bcm/year Khazzan tight gas development, comes onstream as planned in 2017-18, power generation’s share of Oman’s gas output wi...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPWP Lines Up Qurayyat IWP
...OMAN OPWP Lines Up Qurayyat IWP Oman’s OPWP is to shortlist bidders to design, build and operate a 200,000 cmd desalination plant at Qurayyat, south of Muscat. It plans end-2014 award for March 2017 start-up with OPWP to purchase the plant’s potable water under a 20-year de...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...verning the export of KRG gas to Turkey. The deal calls for an initial 4 bcm/year of natural gas exports from 2017, rising to 10 bcm/year by 2020 and the option of increasing to 20 bcm/year thereafter. Considering the major amount of natural gas reserves being discovered in the KRG, gas exports from th...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Egypt: Fraying At The Seams
...vestors need long-term stability where they can get the revenues of all the gas produced.” Hostile Locals Delay WND BP’s $10bn, 1bn cfd WND project has itself has been the subject of chronic delays. Germany’s RWE-Dea, BP’s minority partner, on 10 April said that start-up was now slated for 2017...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Algeria: Repsol Find
...cline to put any timeframe on restart. Reggane Delayed, Again Start-up of the $3bn, 2.9 bcm/y, Reggane Nord development, Repsol’s key project in Algeria and lynchpin of the country’s 9 bcm/y-plus Southwest gas project has been put back to 2017. Dirk Warzecha, Operations chief at Germany’s RW...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Abu Dhabi Awards Delayed Oil Boost Contract
...at is pressuring state-owned Abu Dhabi National Oil Company’s (ADNOC) 2017 target of 3.5mn b/d crude production capacity. Abu Dhabi is unlikely to hit it until 2019 at the earliest. ADNOC executes design work relatively efficiently, but then delays awarding engineering, procurement and construction (EP...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Kufpec Looks to Asia-Pacific To Boost Output
...eatstone LNG project in Western Australia. Kufpec owns a 7% stake in the $29bn project. Chubu will receive 1mn tons/year of LNG from the project for a period of up to 20 years starting in 2017. The Wheatstone project will have a liquefaction capacity of 8.9mn t/y upon startup, which is now ex...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Lebanon’s $950Mn Eurobond Oversubscribed
...Lebanon Lebanon’s $950Mn Eurobond Oversubscribed The Lebanese Ministry of Finance last week put together a $950mn Eurobond issue, consisting of two tranches – $600mn maturing on 12 October 2017 with a yield of 5% and $350mn maturing on 27 April 2026 with a yield of 6.4%. The issue, wh...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Development Of Joint Tunisian-Libyan Discovery On Hold
...quids). Sonde says the field could produce “tens of thousands of boe per day by 2017-18”. In addition Sonde says that four further prospects on the block indicate a potential total of 1.4bn barrels and 5 trillion cu ft respectively of oil and gas in place. Sonde, which operates the JO block, has ha...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Kuwait Eyes Permanent LNG Facilities As Politics Holds Up $90Bn Energy Plan
...the Dorra offshore field in the Neutral Zone between Saudi Arabia and Kuwait, which share production. It could give Kuwait 500mn cfd in 2017, if Kuwait’s previous plans stay on schedule. The gas crisis could ease by 2020 when gas production capacity will be 3.5bn cfd. If KPC’s upstream di...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Korean Consortium Wins Jordan Nuclear Research Reactor Contract
...er a number of firms from Argentina, China and Russia. Construction will begin later this year near the city of Irbid, 70km north of 'Amman, with the reactor expected to be commissioned within five years and a nuclear power plant built by 2017, according to official news agency Petra. Work will involve th...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010