- Sort by:
- Score
- Published ▼
-
Egypt & Eni Plan $1bn-Plus Zohr ‘Phase-3’ To Facilitate Cyprus Tie-Backs
...nds. The fate of Egypt’s gas output has gone hand in hand with the country’s largest producer Zohr since the Eni-operated field’s late 2017 start-up. Zohr output initially soared to peak at 2.96bn cfd for 1Q 2021 but had slumped to 1.5bn cfd by early this year following water breakthrough issues that be...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
ExxonMobil Quits Iraqi Kurdistan
...cked up five licenses in 2017 and a 60% stake in the region’s crude oil export pipeline to Turkey (MEES, 10 November 2017) – but there are growing questions over the ability of the Russian firms to operate smoothly after being hit by fresh sanctions in the fallout from the Ukraine invasion. As for Ex...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
BP’s Raven: Delayed Start Hikes Egypt Gas To New Highs
...en BP approved development back in March 2015 (MEES, 13 March 2015). The three phases of the project were supposed to provide a collective output boost of 1.5bn cfd. But decline at the first two phases – Phase-1, the Libra and Taurus fields, which came online at the end of Q1 2017 (MEES, 12 May 2017...
Volume: 64Issue: 17Published at Fri, 30 Apr 2021 -
Baghdad-KRG Talks Raise Prospect Of Gas Development Deal
...northern provinces of Kirkuk, Salahuddin, Nineveh, Diyala and potentially further south. But politics – such as the fallout from the KRG’s contentious September 2017 independence referendum (MEES, 29 September 2017) – has always intervened. Still, energy-sector cooperation has continued de...
Volume: 63Issue: 17Published at Fri, 24 Apr 2020 -
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 -
Iraq’s Southern Infrastructure Constraints Take Their Toll On Export Capacity
...e Jordanian port of Aqaba, with a spur to Jordan’s 70,000 b/d Zarqa refinery (MEES, 3 November 2017). Mr Shatari confirmed the “project is still in place and of course we will go with it. We have to have another outlet for our crude oil and not depend entirely on the Gulf area and Ceyhan.” The 1m...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Waha: Total Says Done & Dusted, Libya Thinks Otherwise
...November 2017). Whilst there has been little recent talk of the Waha partners coming under similar pressure, it would have been surprising if Marathon had been allowed to transfer these privileged terms to another firm without this catching NOC’s eye. “The terms of the concession did not ch...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Kuwait Energy Reaps Reward From Iraq Investments
...bsidiary of Dubai state firm Enoc) with 30%, and Egyptian state firm EGPC (10%). KEC’s net output rose from 6,490 b/d in Q4 2016 to 8,030 b/d in Q1 2017. KEC did not provide information on Block 9’s gross output this quarter, but previous statements put the firm’s net share at 60% of the total. This im...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
KRG: Major Pullback Continues; Gazprom Success Softens The Blow
...stern Zagros 40%, KRG 20%), where production averaged 4,000 b/d in 2016. Output had settled at around 5,000 b/d. Western Zagros previously guided that output was set to remain at this level throughout 2017, with a second well set to be spudded in July that would boost output to 15,000 b/d in 2018. Bu...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Iraq Greenlights Halfaya Phase 3 Development
...lfaya is one of five fields providing crude for the Basra Heavy stream launched in 2015 and the second largest contributor to the grade behind Lukoil’s West Qurna II, which averaged a record 408,000 b/d last year. Lukoil expects 2017 output to remain relatively flat. Basra Heavy exports fluctuate bu...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
UAE: South Koreans Hope To Expand Presence Through Adco
...oduction of 1.8mn b/d by 2017, when total capacity in the Opec member state is expected to rise to 3.5mn b/d though that deadline appears to have slipped slightly. There was a tacit understanding when Adnoc invited bids for the new concession that 5% stakes would be reserved for Asian companies from Japan, So...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
BP: Khazzan Unaffected By Oil Price Slump
...0 wells in total. BP says gas in place totals a massive 100 tcf. “2017 is when we plan to have first gas from the field, and that will ramp up to 1bn cfd,” Mr Townshend told reporters on the sidelines of the Middle East Petroleum and Gas Conference (MPGC) on 20 April. And while Mr Townshend ch...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Algeria: Politics Unchanged, Oil & Gas ‘Must Do Better’
...tes will start coming onstream from 2017. “For the next few years, we assume things will be held pretty much steady at current levels,” says Mr Pollard. And steady production means falling exports given booming domestic demand – especially for gas, with Algeria bringing online a massive 12GW of gas-fi...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Tunisia: Oil Output Down On Political Delays
...bitious Zarat development plan targets initial output of 24,000 b/d oil from 2017 (with gas initially re-injected). PA’s financial worries only ended when deep-pocketed but controversial Geneva-based trading house Gunvor took a majority stake and pledged to extend financial backing. Gunvor is the ma...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Abu Dhabi Onshore Awards Unlikely Before ADCO Concession Ends
...al – the latest official 1.8mn b/d target is now 2017, but is more likely to be reached in 2019 (MEES, 21 December 2012). Also factors holding up development are: a clumsy decision making processes, a staff shortage, lack of will to push things through; and the need to determine if future pa...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013