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Iran Eyes Key Project Start-Ups For 2020-21
...d Chinese state firm CNPC in 2017 under a high-profile $4.8bn contract. Phase-11 is meant to add 2bn cfd of gas and 80,000 b/d condensate, with the two firms having intended to achieve first-gas by March 2021 (MEES, 7 July 2017) until the 2018-sanctions derailed the project. Total in particular was br...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
QP Enters Argentina
...forts to transform the company through international expansion. QP CEO Saad al-Kaabi said in 2017 that “we are seriously looking at entering Mexico, and we are looking at some of the South American countries” as well as keeping an eye on African opportunities. The firm is also eying US upstream as...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Israel: Energean Bags More Reserves, But More Needed
...x additional wells. ISRAEL’S OFFSHORE GAS FIELDS & PROSPECTS MORE PROSPECTS? Energean was the key winner of Israel’s 2017 bid round, with five blocks (12, 21, 22, 23, 31: (MEES, 24 November 2017). The firm highlights a number of new prospects with the eventual goal of ra...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Kuwait Presses Ahead With Development Plans, Eyes New Contract Model
...nstructed by UK services firm Petrofac. Currently around 20,000 b/d heavy crude is being produced from Ratqa, Umm Niqa and Sabriya (MEES, 2 June 2017). Mr Jaafar tells MEES that further heavy oil development will be carried out through the installation of further modular 60,000 b/d CPFs. The next phase is...
Volume: 60Issue: 16Published at Fri, 20 Apr 2018 -
Kuwait’s Belated Jodi Stats Show Crude Exports Hitting 75% Of Output
...Kuwait’s Belated Jodi Stats Show Crude Exports Hitting 75% Of Output Kuwait opted to resume submitting data to the Riyadh-based Jodi organization this week. Until this week, the latest data was for October 2017, but Kuwait is now fully up to date having provided full figures up to Fe...
Volume: 61Issue: 16Published at Fri, 20 Apr 2018 -
Flaring Advances Ignite Iraq’s Gas Sector
...oject, but Iranian officials claim it will be completed within weeks. How optimistic an assessment this is remains unclear. The second deal was signed in 2013 and is also for 10 bcm/year, beginning in 2017. It is to supply the 1.46GW Rumaila, 1.25GW Shat al-Basra and 500MW Najibiya power plants in Ba...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Qatar Gears Up For Growing US Condensate Exports, And Middle East Competition
...ll capacity by 2017, with Qatar’s condensate output to settle below 800,000 b/d until further gas developments take place. The consultancy expects export volumes to rise to 600,000 b/d through 2017 thanks to Barzan, while the second splitter at Ras Laffan begins to test-run. However, exports would fa...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Kuwait’s Unstable Politics Slow Oil Sector Advances
...preme Petroleum Council (SPC). Award is expected by October, Mr Hashim says. KOC expects to hit its first phase 60,000 b/d target by 2017; the second phase will take production to about 120,000 b/d by 2020. In the long term, KOC expects to be able to push Ratga production to 270,000 b/d by 2030, but th...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
No Quick Fix For Iraq’s Deteriorating Crude Quality
...ending processes were to blame. Mr ‘Abd al-Zahra, a deputy director general at Iraq’s state South Oil Company, said recently that the addition of new storage capacity at the Fao terminal in the northern Gulf would allow for eventual segregation of Basrah Light according to crude gravity. After 2017, Ir...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Shale Revolution – Threat To Mideast NGL Exports?
...power generation will continue to rise from a record high of 25.1bn cfd in 2012 to 29bn cfd by 2017. The Shale Revolution has also radically changed the relationship of gas to NGLs, which were traditionally a by-product of gas production. As gas prices softened over the course of 20...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...bringing on stream are a combined 550,000 b/d addition at the Khurais and Shaybah fields by 2017 (MEES, 15 March). These are the first major upstream expansion announcements for over six years. The increments are a 300,000 b/d expansion at Khurais to 1.5mn b/d and a 250,000 b/d push to 1mn b/d at Sh...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013