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Iran Readies Upstream Opening In Anticipation Of Nuclear Deal
...to shut-in production. Raising gas production has also been high on the ministry’s to-do list, particularly since the current minister came back into the oil ministry fold. Iran has targeted a doubling of domestic gas output from around 165 bcm/year in early 2014, to 330 bcm/year by 2017 – fu...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
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