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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 -
Syria Emerges As Iran’s Top Crude ‘Customer’
...e embattled Assad government lost key northeastern fields to Kurdish-led forces and key Euphrates fields (once Shell and Total-operated) to various rebel groups, sending oil output to 28,000 b/d in 2013 and 9,000 b/d in 2014, where it remained for four years. Damascus subsequently developed a sh...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Dana Gas: Egypt Sale Delayed, Looks To Ringfence Iran Deal
...tigation from Dana since breaking down seemingly irrevocably in 2005 (MEES, 15 August 2014). Dana, which typically devotes a sizable chunk of its reports to its various ongoing litigations – of which the long-running Iran saga is perhaps the most impenetrable – is evidently trying to simplify things. ...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020