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ExxonMobil Quits Iraqi Kurdistan
...The US supermajor’s bold 2011 Iraqi Kurdistan entry sent shockwaves through Iraq. A decade later ExxonMobil has quietly packed its bags and quit its last remaining asset, Pirmam, without producing a drop from any of the six blocks it picked up. Any prospective replacement may eye a gas-re...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Total Eyes 1mn b/d Of Gross Libya Output
...test to fly in on 21 April. Frequently hit by forced production shutdowns – whether due to civil unrest, budgetary issues or worker grievances – Libya has been a source of major disappointment to IOCs since the fall of long-time ruler Muammar Gaddafi in 2011. But even though Total’s net output ne...
Volume: 64Issue: 17Published at Fri, 30 Apr 2021 -
Cyprus: Aphrodite First Gas Slated For 2025
...December 2011 (MEES, 12 December 2011), but despite initial optimism it has failed to ignite a wave of industry for Nicosia. Instead, development has been stymied by the field’s location – 160km offshore in 1,750ms of water, straddling the maritime border with Israel – and low demand in Cyprus’ sm...
Volume: 62Issue: 17Published at Fri, 26 Apr 2019 -
Iraq Bid Round Flatters To Deceive
...bstantially larger with 2017 gross output of around 80,000 boe/d, of which 80-90% was gas. UEG’s production is all in Pakistan, after acquiring BP Pakistan’s assets for $775mn in 2011. Output has increased under UEG, from around 35,000 boe/d under BP (10,000 b/d oil, 200mn cfd gas). ...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Waha: Total Says Done & Dusted, Libya Thinks Otherwise
...s US partners. Whilst Conoco and Hess (and hitherto Marathon) have since 2011 habitually excluded Libya from their output guidance, Total’s Mr Pouyanné says his firm has no intention of doing likewise. Libya, at 80,000 b/d net, now represents 5% of the company’s total liquids output. “Yes, it’s ta...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Repsol, Gdf Suez, Enel Strike Gas At Sud-Est Illizi Block
...ock on the Libyan side of the border (NC-210) in the Ghadames Basin. They submitted a development plan in 2009 but nothing appears to have happened since, save Australia’s Woodside selling its 45% stake to the Libyan Investment Authority in 2011, with GDF Suez taking over as operator the same year. Ga...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Kuwait Finds New Oil At Home As It Goes Shopping In Tunisia
...ture upstream assets, successful exploration acreage as well as mid- and downstream assets. ENI TUNISIA OUTPUT 2009 2010 2011 2012 2013 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Egypt Cancels Summer In Bid To Avoid Power Cuts
...b-15 Jan-15 Dec-14 J-F-15 vsJ-F-14 vs2014 2014 2013 2012 2011 2010 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Algeria: Politics Unchanged, Oil & Gas ‘Must Do Better’
...cline in recent years; export volumes are being squeezed further by rising domestic demand. Crude production declined from 1.25mn b/d in January 2011 to 1.14mn b/d three years later, according to MEES estimates. And according to latest figures from the International Gas Union – of which Algeria is a me...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Iranian Oil Exports Take Nosedive In Sign Of Things To Come
...cific duo of Japan and South Korea, which each cut their purchases by more than 70% versus relatively high February levels. Both countries have cut imports sharply since sanctions tightened in mid-2012: Japan’s 2013 imports were 143,000 b/d down on 2011 and Korea’s 98,000 b/d. South Korea imported 71...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Tunisia: Oil Output Down On Political Delays
...cense to December 2014 (sic) “is pending formal ratification.” BG Tunisia Output (Net) 2010 2011 2012 2013 Oil (‘00...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Iran Targets New Buyers For Its Crude
...24 April, quoting official sources. This was down from the previous year’s figure of 18.1mn tons (362,000 b/d). This plunge, PTI said, meant Iran is now India’s sixth largest supplier of crude in 2012-13, behind Saudi Arabia, Iraq, Venezuela, Kuwait and the UAE. In 2011-12, Iran was the third la...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013