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Japan’s Inpex Adds Onshore Abu Dhabi Stake To UAE Portfolio
...curing a share in the 40-year license, Inpex joins France’s Total as the second foreign oil company to be awarded a stake in the restructured Adco concession, where output is set to rise to 1.8mn b/d by 2017. It also pipped its South Korean rivals to the post, though both GS Energy and Korea National Oil Co...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Eni Ramps Up Western Desert Output As Cairo Looks To Cut Through Red Tape
...st year, BP agreed to expedite development of WND with first gas by 2017, in return for a further hike in gas price beyond the $4.1/mn BTU that BP and its partner Dea (formerly RWE-Dea) originally secured (MEES, 15 March). The latest deal specifies output starting at 450mn cfd in 2017, rising to 80...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Petroceltic Upbeat On Ain Tsila As Sonatrach Calls For Cost Cuts
...ard of the Isarene Production Sharing Contract (PSC) dates back to April 2005. Last year, the target date for first gas slipped from a previous estimate of late 2017 to 2018 (MEES, 23 May 2014). At the time, the company estimated the costs of drilling operations at around $1.5 bn. Production start is no...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Jihadists Take Iraq’s Baiji Refinery; Shell Delays Majnoon
...st, if not all, of the sprawling facility in central Iraq, if a videotape of the battle released by the Jihadist group is to be believed. Shell, meanwhile, says it has pushed back full development plans for the Majnoon oil field to 2017 or beyond, suggesting that further growth in Iraqi production wi...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
DEWA Urges Consumers To ‘Think Smart’ Under New Electricity Strategy
...0 Total 9,656 470 Planned Additions Solar Park 2 (2017) 200 Jebel Ali M Expansion (20...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Saudi Top Oil Brass On China Charm Offensive
...“the second frontier for unconventional after the US,” says Mr Falih. Saudi Arabia has identified three areas with high shale gas potential, one of which in the north near the Jordanian border where production is expected to start in 2016 or 2017. ...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Egypt Pushes Back Bid Round Deadline
...paid $1bn in outstanding receivables over the coming two months. IOCs are owed $6.3bn, said Mr Ismail, after they received $1.5bn last December. The government at the time announced the repayment of a further $3bn in monthly instalments to 2017 (MEES, 25 April). The ministry offered no clues as...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Noble Bullish On Leviathan Plans
...s key Israeli fields. Prime among these is the aptly-named 19tcf Leviathan field, the East Mediterranean’s biggest discovery to date. Here, Noble is increasingly confident it will be able to bring the field online by late 2017, more than doubling the firm’s gross offshore Israel capacity to 3bn cf...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
KNPC Moves Al-Zour Forward; Saudi Plants Online By End-14
...abia 400 Under construction, expected onstream 2017. Qaiwan (Bazian Expansion) Bazian, KRG Iraq 50 Expansion to 84,000 b/d by 2018. EPC bids invited OOC/IPIC (DR...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Turkey Taps EBRD For Hydro Cash; Boosts Nuclear, Wind
...st of wind farms and two small geothermal plants (see table). Beyond 2017, the Ministry of Energy is looking to large nuclear and coal-fired plants for major capacity increments. Furthest advanced of the long-term projects is the first 1.2GW nuclear plant at Akkuyu (MEES, 21 March). Russian nu...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
CNPC In Abu Dhabi Upstream Deal
...ing additional barrels online. Abu Dhabi hopes to boost oil production to 3.5mn b/d from 3mn b/d by 2017 – though MEES understands that the target will not be achieved until at least 2020 (MEES, 11 April). In addition to the KNOC/GS Energy concession, Germany’s Wintershall and Austria’s OMV (24.9%-ow...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Cairo Scrambles To Avert Gas Catastrophe
...veral rounds of shuttle diplomacy to enlist Qatari assistance. Rather than, as has been widely reported, Qatari LNG being imported into Egypt, the latest talks are aimed at getting Doha to cover the term contracts for shut-in ELNG output, MEES understands. In 2017-18, rising output from BG fi...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
SEC Awards PP13/14 Management Contract To WorleyParsons
...cle gas turbine (CCGT) power plants. The plants will each have 1.65gw generating capacity. Engineering, procurement and construction (EPC) contracts for PP13 and PP14 are expected to be tendered in 2014, with a view to start-up in 2017. WorleyParsons said the EPCM scope of work in...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Riyadh Sees Limited Demand Growth For Its Crude
...ich started up last month, is now running around 200,000 b/d, Mr Naimi said. “I think they will reach 500,000 by June or July,” he added. Manifa will reach 900,000 b/d by mid-2014. And by 2017, state-owned Saudi Aramco should add 550,000 b/d at its already producing Khurais and Shaybah fields (MEES, 15...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...IC) expect to prequalify engineering firms by year-end for the planned $5-10bn, 200,000-300,000 b/d Duqm refinery and petrochemical complex, allowing start-up in 2017. State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) expects to award construction contracts to expand it...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Iraq Launches Exploration Round
...so of new capacity by 2017 is going to be a massive task. Expense apart, there is not likely to be the demand for such a huge expansion. Iraqi Deputy Prime Minister for Energy Affairs Husain al-Shahristani recently acknowledged that Iraq needs to sit down with its foreign partners and discuss a mo...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Abu Dhabi Capacity Expansion Schedule Slips By A Year
...shore, ADNOC’s Abu Dhabi Company for Onshore Oil Development (ADCO) is set to reach 1.8mn b/d production capacity by 2017 – back one year from the latest target – MEES understands. Developing Asab, Sahil and Shah fields will increase capacity by 60,000 b/d to 455,000 b/d when they are commissioned in th...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Arab States Pushing Ahead With Nuclear Energy Plans
...ans Arab states are taking strides in the development of peaceful nuclear energy to cope with rapidly increasing domestic power demands. So far the UAE is leading the pack, with one 1.4gw nuclear power plant scheduled for completion in 2017 and three others to follow by 2020, by which time authorities ex...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Dragon Arranges Short-Term Crude Swap With Iran, Seeks Longer Arrangement
...pply agreement signed earlier this month between Ukraine and Russia (MEES, 26 April). The current lease expires in 2017 and the new lease, supported by 236 members out of 450 total, moves this to 2042. Members of the Ukrainian parliament opposed to the agreement threw eggs and smoke bombs in the ch...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Demand Growth Has Changed Radically, Says Fesharaki
...ar before October 2006. However, if prices go much higher, price controls are likely to be reimposed. China can be a potential exporter or importer on a very small scale, depending on her demand growth. India is planning to add nearly 1.8mn b/d of capacity between 2007 and 2017. In co...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007