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Gas Output: From Bad To Worse
...Egypt’s gas output woes go from bad to worse. Output slumped to a six-year low 5.21bn cfd for March, almost 2bn cfd down on the record 7.19bn cfd hit in September 2021. On a quarterly basis, output was down 3% sequentially at 5.31bn cfd for Q1, the lowest since 4Q 2017 and some 25% below 3Q...
Volume: 67Issue: 19Published at Fri, 10 May 2024 -
Kuwait Targets 2030 For Delivery Of $19bn In Megaprojects
...rth Kuwait, mostly from the Raudhatain and Sabriya fields (see map, p3), had hit 600,000 b/d by end 2022, up 37,000 b/d on the 563,000 b/d figure at the end of 2020-21 but still below 2019-20’s 635,000 b/d and the 2017-18 peak of 760,000 b/d. 2022’s gains may well be thanks to the ramp-up of op...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Shell & BP Advance Egypt Drilling As Chevron & Exxon Make Deepwater Splash
...igocene finds in Egypt’s Mediterranean include Eni’s Temsah, where output peaked at 1bn cfd in 2012 but has singe fallen to negligible levels with decommissioning work ongoing. The Miocene, meanwhile, offered up BP’s Atoll field, which came online in late 2017 and produces around 400mn cfd. Shell and pa...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
QP Wades Further Into Mexico’s Offshore
...ocks 15 and 33 – are operated by Total, while Block 34 is operated by BP. BP’s involvement may yet prove a major hurdle, given the firm’s self-described “long and checkered relationship with Qatar” (MEES, 17 November 2017). BP has been notably absent since QP rejuvenated its international portfolio in...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
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
...ntractor McDermott a “Detailed Design” contract for offshore jackets on 5 May as it presses ahead with its major LNG expansion plan. After ending its 12-year moratorium on North Field gas development in April 2017, Qatar swiftly doubled its expansion plan and intends to add 4.6bn cfd (MEES, 7 July 2017...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Oman Finalizes Bangladesh LNG Deal
...Bangladesh state oil firm Petrobangla on 6 May finalized an LNG import deal with Oman LNG, its second such deal after a 2.5mn t/year agreement with Qatar inked last year (MEES, 28 July 2017). The Oman deal is for 15 years. Volumes are slated to rise from an initial 500,000 t/y to 1mn t/y wh...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Egypt’s Western Desert: Is Capex Boost Enough For Output Rebound?
...mpany’s oil output took a while to fall as a result – it peaked at 217,000 b/d in 3Q 2015, it slumped the following year. Rapid decline rates in Egypt mean substantial drilling is needed just to keep output steady. But 1Q 2017’s 195,000 b/d appears to have been a low point. As capex has picked up si...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Egypt Producer Merlon For Sale
...oduction rose to 7,000 b/d in 2015 and 10,000 b/d in 2016 before dipping to 7,900 b/d for 2017 – just over 1% of Egypt’s total output (MEES, 9 March). Output has since fallen back to 7,000 b/d but, Petrosilah, the firm’s JV with Egypt’s state oil firm EGPC, says it hopes to raise output in the coming mo...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Lebanon Bidding Risks Stalling Amid Major Pullback
...ficially listed as qualified as operators (the 12 from 2013, plus Indian state firm ONGC Videsh which was upgraded from ‘non-operator’), only six have actively expressed an interest this time round. LEBANON 2017 BID ROUND BLOCKS LEBANON BID ROUND PRE-QUALIFIERS AS OP...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
BP’s WND Starts Up
...essentially two, with Taurus-Libya developed fast-track using mostly existing infrastructure to “accelerate gas production commitments to Egypt…before peak demand in summer 2017,” BP says. Phase 2 involves the Giza, Fayoum and Raven fields, which will be tied back by two separate 65km 24” tr...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Oil Firms Experience Mixed Start To 2017 In Iraqi Kurdistan
...port from Canadian field partner Shamaran in March said first oil was expected in Q2. Taqa’s Q1 report released 11 May merely says production is expected to begin in 2017, but the firm tells MEES the “export pipeline is nearing completion” and there has been “no deviation” from earlier forecasts. On...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
New Saudi Minister Faces Task Of Turning Vision Into Reality
...ise overall capacity (MEES, 26 February). The delayed expansion of the Khurais oil field – initially scheduled for 2017 – remains on course for finalization in 2018. Capacity here is slated to increase by 300,000 b/d to 1.3mn b/d. In the longer term, Mr Falih will play a key role in driving fo...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Iran Selects 49 Oil, Gas Projects Open For Foreign Investment
...ar in early 2014 to 330 bcm/year by 2017. The list, revealed on the ministry news service by Abdol-Mohammad Delparish, director of consolidated planning at the state-run National Iranian Oil Company (NIOC), comprises a host of projects that are at various stages of exploration and development. 28 of...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Oman Planning for Spot Power
...pire in 2017, with five more finishing by the end of 2020. While some PPAs will continue beyond the introduction of the spot market, the new rules will provide “an alternative way for producers to sell power to OPWP” (MEES, 7 February 2014). NERA has already advised the GCC Interconnection Au...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Qatar Seeks New IOC Partners To Develop Al-Shaheen Oilfield
...om al-Shaheen,” says Jakob Thomas, CEO of Maersk Oil, adding that the company had known that it would be challenged on terms and conditions in connection with the 2017 extension, and had been waiting for more information from QP on how they wished to proceed. That uncertainty was making it difficult fo...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Iran Turns Up The Heat On Chinese State Energy Giants
...7mn b/d by 2017, up from 3.7-3.8mn b/d today (MEES, 18 April). Beijing is by far the largest foreign investor in the Iranian upstream, after having stepped in to take control of projects abandoned by Western oil companies that were forced to exit Iran with the tightening of Western sanctions in the mi...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
KPC 100KBD India Deal
...gin commissioning in June. The refinery is highly complex and is built to process ultra-heavy, sour crudes. Kuwait has plans to bring onstream 60,000 b/d of extra-heavy Ratga crude by 2017 and increase production to about 120,000 b/d by 2020 (MEES, 18 April). Indian Oil is moving forward with pl...
Volume: 57Issue: 19Published at Fri, 09 May 2014