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Cyprus Set To Launch Reduced Drilling Campaign
...Eni and TotalEnergies are set to kick-off a two-well Cyprus exploration drilling campaign next month, two years after abandoning a six-well program. Chevron appears to have shelved an appraisal well on its 2011 Aphrodite find. Italy’s Eni and TotalEnergies, partners on seven blocks of...
Volume: 65Issue: 16Published at Fri, 22 Apr 2022 -
ExxonMobil Set To Exit Federal Iraq
...ant fields to reach full production capacity targets. Talks ultimately went nowhere. Iraq now aims to award a downsized 2.5mn b/d first phase to France’s Total (MEES, 2 April). The biggest controversy however was Exxon’s decision to sign up for six blocks in Iraqi Kurdistan in 2011, including as...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Iraq Awards Mansuriya Gas Field To Sinopec
...arded have yet been finalized (MEES, 27 April 2018). Mansuriya development was originally awarded in 2011 to a consortium led by Turkey’s TPAO (22.5%op) alongside Korea’s Kogas (15%), and Kuwait Energy (since taken over by Hong Kong-listed UEG, 22.5%) and state-owned Oil Exploration Company (OEC 25...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Cyprus Drilling Plans Slashed With Capex Cuts
...kkotrypis says. How long is anyone’s guess. And what of Cyprus’ first ever gas discovery, 4.1tcf Aphrodite, made in 2011 but stuck on the shelf ever since. Operator Noble of the US (35%) together with partners Shell (35%) and Israel’s Delek (30%) had planned a second appraisal well late this or early ne...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Israel: Energean Bags More Reserves, But More Needed
...cm/y processing capacity and 800,000 barrels of oil storage, “leaving a further 3.4bcm/y of spare capacity for additional sales of discovered gas at Karish and the tie back of future discoveries,” Energean says. Karish and the 2011 Tanin discovery were purchased in 2016 for $148mn (plus a share of fu...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Flaring Advances Ignite Iraq’s Gas Sector
...16 (MEES, 24 July 2015). Iraq is therefore looking beyond its borders to source additional supplies of gas. Specifically it has signed two deals with neighboring Iran to import up to 20 bcm/year of gas through two pipelines over six years. The first deal, signed in 2011, was meant to have st...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Libya Lays Out Plans For Output Hike
...ere through some maintenance. The Elephant field has capacity of 90,000-100,000 b/d.” The Sharara fields, on Blocks NC-115 and NC-186, produced up to 340,000 b/d prior to 2011, and were producing an average of 300,000 b/d in 2012, but output in 2014 averaged just 78,000 b/d, and it has been zero si...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
PDO Accepts Oman Oil Ministry Challenge To Drive Push To 1mn b/d
...ar between 2011 and 2014. Speaking at an industry event late last August, MOG undersecretary Salim al-‘Oufi asked “what would it take” for the company to boost its crude oil production beyond its then 570,000 b/d level to 600,000 b/d. “We need to understand the timeframe [and] cost,” he sa...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Qatari LNG Faces Up To Uncertain Global Climate
...r gas-fired power generation. South Korean demand for LNG rose significantly in 2013 due to the shutdown of several nuclear plants following the nuclear fake certificates scandal. Meanwhile, all of Japan’s nukes have remained out of action since the Fukushima nuclear accident in 2011. China, wh...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Iran Targeting Crude Output Hike Alongside Upstream Opening
...ude output averaged 2.82mn b/d over the first quarter of the year, down close to 800,000 b/d on 2011’s pre-sanctions output. Exports are also much depressed, averaging just 1.1mn b/d in 2013, from around 1.5mn b/d as recently as 2011, according to MEES estimates. But with a potential opening on th...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Oil Exports Resume In Eastern Libya
...Cs are less concerned about their ability to revive production should the export routes open up. While in 2011 fields were hastily shut down by workers escaping the fighting, last year pumps were shut in properly, and facilities have been maintained since. “The fields should come back fast, they al...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
BP And Eni Show Faith In Egypt’s Offshore
...000ms+ water depth. Contains Shell discovery 15 N. Burg El Arab Offshore 3,180 Pura Vida 2,755 Y 5 Edison (Sidi Abd El Rahman) Edison relinquished 2011 Source: EGAS, Egypt’s Oil Ministry. *Ar...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
South Sudan Oil Revenues Expected By August
...danese oil has crossed the border into Sudanese territory for the first time in more than a year. This coincided with a state visit by Sudanese President ‘Umar al-Bashir to the Southern Sudanese capital of Juba – the first such visit since the South broke away from Sudan in 2011. “The first ba...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Shale Revolution – Threat To Mideast NGL Exports?
...port Import Demand Output Export Import 2011 2,272.30 2,544.10 148.3 202.1 1,523.00 1,545.70 115.7 5.4 67 60.8 78...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...aybah. The expansion project at Khurais will be completed by 2016-17 and Shaybah by 2017. Saudi Aramco from 2004 to 2011 managed to deliver over 3mn b/d of gross additional crude production capacity (and more than 750,000 b/d of NGLs and significant gas volumes) in six major projects, of which only one, th...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Iran Revives Oman Gas Export Plans
...ggest gas producer Petroleum Development Oman (PDO) aims to boost output from new discoveries, and also reduce its own gas use by improving efficiency. Oman and Iran came very close to reaching a gas agreement in 2011, MEES learns, but talks broke down after Iran had a sudden change of heart ve...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013