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Libya ‘Open For Business’ As Bid Round Eyes Global Majors
...delsadiq meanwhile hailed the relative stability the country has witnessed recently, with existing partners like Repsol and OMV, as well as Italy’s Eni, recently resuming drilling in Libya for the first time since 2014 (MEES, 1 November 2024). “This is crucial for encouraging investors and allowing fo...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
Jordan Plans Nine Block Upstream Offering
...sha is operated by Jordan’s tiny National Petroleum Company (NPC), after BP pulled out of the tight gas development in 2014 as the reservoir failed to live up to initial expectations (MEES, 26 September 2014). NPC also has a production sharing agreement (PSA) for East Safawi and is assessing the Hamza fi...
Volume: 64Issue: 15Published at Fri, 16 Apr 2021 -
Neutral Zone Restart: 2mn Barrels Exported
...e currently en-route to Asia for the first time since 2014. Production from the PNZ is shared 50:50 by Kuwait and Saudi Arabia, but the offshore Khafji field was shut-in in October 2014 (MEES, 24 October 2014) due to grievances over shared management. Output from the onshore portion (Wafra) was th...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Egypt Halts LNG Exports As Eni & Shell Bear The Brunt Of Gas Surplus
.../B.” In normal terms, Egypt’s gas renaissance has been a great success story. From a sizable gas deficit for 2014-17, new output led by Eni’s giant Zohr, which came online in December 2017, has meant that since late 2018 the country has had a gas surplus (MEES, 17 May 2019), with exports hitting an ei...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Algeria: Southwest Pipeline Progress, But Field Development Lags
...th the IOCs. Similarly, Norway’s Equinor (then Statoil) in 2014 walked away from the Hassi Mouina license containing the Hassi Tidjerane and Tinerkouk fields: development was “not… commercial” (MEES, 29 May 2015). The 4bcm/y Ahnet tight gas project, though geographically distant, was also at one st...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Mena Drilling: GCC Records, North Africa Slump
...rth $18bn for the expansion of capacity at the Marjan and Berri offshore fields required merely to stand still (MEES, 12 July 2019). The last six years (2014 to 2019) saw the six highest Saudi annual rig count figures on record (MEES, 17 January), whilst at 114 for February and March the rig count re...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
MEES Interview With Iraq Oil Minister Thamir al-Ghadhban
...ere the contractor takes the full commitment for investment with a grace period to the host country and so on. They are a burden, especially when the price of oil is low, as we have faced since 2014, and for three or four years we suffered a lot. The budget was severely hit because of this commitment. Th...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Iraq Plans Major Pipeline Revamp To Enhance Export Flexibility
...ditha to Jordan’s Aqaba port, as well as a 160,000 b/d spur line to Jordan’s Zarqa refinery (MEES, 21 November 2014). The Basra-Haditha portion was to be constructed under an EPC contract, while Haditha-Aqaba would be under a build-own-operate-transfer (BOOT) deal. The government was wary of fi...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Egypt ‘Zohrs’ Past Libya As Eni’s Top Gas Producer
...ipem 10000’ drillship which remains under contract at Zohr until well into the 2020s. Eni sees Zohr as the key global example of the ‘Dual Exploration Model’ it has put at the heart of its global upstream strategy since the 2014-15 oil price (and capex) collapse. This model seeks to minimize up...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Adnoc Seeks Investment Injection With Six-Block Licensing Round
...shore) in 2014 and of the Adma concession in March this year offered Adnoc a unique opportunity to forge new partnerships. The firm signed its first upstream partnerships with six new firms from five countries, including key crude buyers India, China and South Korea (see table). Ties were also de...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Israel: Lots Of Gas But Where’s The Market?
...st 800mn cfd, fully exploiting such reserves requires substantial export deals. And despite a sheaf of LoIs – to Egypt, Turkey, Jordan, and most fancifully a pipeline to Europe via Cyprus, Greece and Italy – none have been finalized. So far a deal signed in February 2014 to supply Jordan’s Arab Po...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Morocco LNG Project Delayed, Future Gas Supply Strategy In Doubt
...nths. ADVISORS PICKED Morocco’s decision to revive LNG import ambitions in 2014 spurred a flurry of excitement, notably from a number of LNG suppliers keen to lock in future volumes in an increasingly competitive global market. In 2015, Morocco initiated talks with majors and energy companies in...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Egypt: Receivables Worries Risk Choking Off Exploration Boom
...oduction in the concession areas until the delayed payments are made,” he says. The government was hoping to have paid off its dues to foreign firms by the end of this year according to Prime Minister Sharif Isma’il, who made the comments in late 2014, when he was oil minister. But the collapse in oil pr...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
Egypt Appoints New Heads Of State Oil And Gas Firms
...-Badi’, who will become President of state investment firm Midtap. Mr Masry will be returning to EGAS where he served as deputy head for operations from February 2014 until his appointment as head of EGPC in October last year, taking over from the current oil minister Mr Molla. Taking over from Mr...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
End Of The Road For Cyprus ‘Gas Hub’ Dreams
...VELOPMENT PLAN’? In some ‘good news,’ Noble says it will submit a development plan for Aphrodite in the second half of this year (MEES, 20 March). However, in something of a Kafkaesque twist, this supposed development plan – or at least the version of it mentioned in Delek’s recently-released 2014 an...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Sudan’s Oil Plans Set To Fall Victim To Reality
...d-2015, the Ministry of Petroleum says, up 20,000 b/d on the 2014 average of 120,000 b/d. This comes as part of the ministry’s highly ambitious medium-term plan, unveiled in 2013, which envisages output ramping up to beyond 300,000 b/d by end-2017, in an attempt to replace at least some of the volumes it lo...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Total Raises KRG Stakes
...IRAQ Total Raises KRG Stakes France’s Total is planning to drill its first exploration well in its operated Baranan block in Iraqi Kurdistan at the end of 2014, the first update it has given since acquiring an 80% stake in the production-sharing license in early 2013. It al...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Focus Turns Back To Oil In Southern Sudanese Conflict
...ms, for misusing it… you know.” Production At 160,000 B/D South Sudan’s oil output is running at close to 160,000 b/d, all from its fields in Upper Nile state. Production from the fields in its only other ‘producing’ state – Unity – has been offline since the first week of 2014, after rebel fo...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
MENA Active Drilling Rigs March 2014*
...MENA Active Drilling Rigs March 2014* March 2014 br...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
DNO, Genel See Iraq Crude Boost
...heme operating in the first half of 2014. Over the same period we will be evaluating and drilling a number of other prospects we have in the Chia Surkh license,” he said. The Chia Surkh license is operated and held 60% by Genel Energy. The remaining 40% is held equally between Petoil Inc and th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013