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Chevron Eyes Egypt Expansion As Israel Output Closes In On Record High
...evron’s unwillingness to consider potential synergies with Cyprus,” the source tells MEES. Chevron also gained Cyprus’ 3.5tcf Aphrodite field in the Noble transaction, but despite the field being discovered in 2011 it has yet to be developed. Aphrodite is located just 30km from Leviathan (see box). “Ch...
Volume: 68Issue: 19Published at Fri, 09 May 2025 -
Energean Touts Modest Israel Gas Find, Hopes For More To Come
...ich offer an easier route to development – possibly as a tie-back to Karish alongside the 2011, 0.9tcf Tanin discovery. The latest find “enhances the profitability of the Karish-Tanin development,” Energean says, flagging up the potential for both tie-back to the 8bcm/y (780mn cfd) Energean Power FP...
Volume: 65Issue: 19Published at Fri, 13 May 2022 -
Iraq Edges Closer To Crucial Seawater Megaproject Deal
...eded for firms to hit their production plateau targets (PPT). In 2010 the oil ministry tapped ExxonMobil’s expertise for a multi-billion dollar Common Seawater Supply Project (CSSP), but the project subsequently fell prey to changing terms, failed negotiations, scandal as Exxon entered the KRG in 2011 (ME...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Total To Become Top Algeria Producer In $9bn Oxy Side Deal
...lling. The company’s only stake was 35% of the aging Tin Fouye Tabankort (TFT) wet gas field where output has fallen from a peak of 680mn cfd in 2011 to just 400mn cfd for 2017 – netting Total a measly 15,000 boe/d, three-quarters gas (MEES, 23 March 2018). But from that trough, the company’s Algeria ou...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Qatar Plans For 2019 Drilling To Fuel Massive LNG Expansion
...equently had 5-6 operating up to mid-2018 as it was ramping up production capacity towards its current 77mn t/y, which was achieved in 2011 (MEES, 14 February 2011). QP’s drilling subsidiary Gulf Drilling International (GDI) has nine offshore rigs in total, of which three appear to currently be co...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
New Saudi Minister Faces Task Of Turning Vision Into Reality
...o was reportedly talked out of retiring as far back as 2011. The parallels between the two are evident according to Ms Nakhle: “they are both technocrats, they don’t come from the royal family, they both come from Aramco. They have experience in the industry, so it was an obvious choice.” Mr Fa...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Iran Selects 49 Oil, Gas Projects Open For Foreign Investment
...id at the Energy Security Summit 2015 in Berlin this week: “Iran cannot have the third or fourth largest oil reserves and export as much as [mid-sized producer] Azerbaijan.” With crude production and export levels at just 75% and 40% of what they were in 2011, before the latest round of US and EU-le...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran Turns Up The Heat On Chinese State Energy Giants
...ntractor,” he said. “Due to the Chinese contractor’s failure to follow through on its commitments…the order to end its contract in the development of South Azadegan will be issued.” CNPC was awarded the $2.5bn contract in March 2011 (following an October 2009 MoU) to develop the field under a two phase de...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Syria: Subsidies Hit $1Bn; ‘Losses’ At $22bn
...vernment spent S£40bn ($268mn at the official exchange rate of $1=S£149) on energy subsidies in the first quarter of 2014; over $1bn on an annualized basis. The minister estimates total losses in the hydrocarbons sector since the beginning of the uprising in March 2011 at S£3,202bn ($21.5bn) – S£2,...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Iran Targets Joint Fields For 1Mn B/D Capacity Boost
...12, Iran’s crude oil exports have taken a significant hit, falling to as low as 800,000 b/d in October last year. This is down from an average of 2.5mn b/d in 2011. The country’s oil output also took a hit as a consequence of the sanctions, falling by around 1mn b/d since end-2011 levels. Iran’s oi...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
KPC 100KBD India Deal
...wait’s Top 3 Crude Buyers, 2011-14 (‘000 B/D)...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
South Sudan Brings Largest Oil Field Back Online
...oduction at the field has begun at around half the levels seen in late 2011, Dar Petroleum chief Joseph Potdung said. “Within a month we should be reaching 165,000 b/d to 180,000 b/d, and we would expect to reach the level…we were [at] before the shutdown by early next year.” While these ti...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
OMV Output Up On Yemen, Libya Stability
...a result of a more stable environment in both countries following the upheavals of the ‘Arab Spring’ in 2011 and 2012, the company said. Production in the first three months of 2013 was up just 1,000 boe/d from the previous quarter’s average, but 1% up on the corresponding quarter in 20...
Volume: 56Issue: 19Published at Fri, 10 May 2013