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Saudi Arabia Poised For New Gas/NGL Prices
...abiyah fields due on stream in 2014 will cost over $5.50/mn BTU (MEES, 9 March 2009). “The Saudis won’t be able to get any significant new fields for less than $5/mn BTU and they are desperate for gas,” says an industry source. By July, the Saudi Aramco/Shell South Rubi' al-Khali (SRAK) gas ex...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Abu Dhabi Considers Breaking Up Oil Concessions To Hit 3.5Mn B/D Target
...wards it will offer its partners, Nick Wilson writes from Abu Dhabi. Abu Dhabi has studied breaking up its onshore oil consortium (ADCO), when its concession comes up for renewal in January 2014, MEES learns. The plan would award the individual fields to its existing partners: ADNOC (60%), Shell, To...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Abu Dhabi Going Solo To Develop Shah Ultra-Sour Gas
...Ls, which would offset the cost of handling H2S. However, Shah’s 50,000 b/d of condensate and 51,000 b/d of other NGLs will make it profitable. Meanwhile, the 1bn cfd integrated gas development (IGD) project start-up has been delayed by three years to 2014, due to contractor hold-ups. It will bring ga...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
QP Abandons Planned Al-Shaheen Refinery Project
...rubeni share the remaining 9%. Qatar’s condensate downstream expansion is predicated on absorbing rising condensate production, which will hit 750,000 b/d in 2014, when the ExxonMobil-led 1.5bn cfd Barzan project – the final portion in Qatar’s current upstream gas expansion – comes on stream (MEES, 14 De...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Aramco, KPC Take $30Bn Downstream Investment Plunge
...vestment in new refineries down to 2014. Kuwait’s downstream arm KNPC on 11 May announced the award of construction contracts for al-Zour, which will become Kuwait’s fourth and the region’s largest refinery when completed in 2012-13. The contracts were awarded on a cost reimbursable basis, but KNPC ve...
Volume: 51Issue: 20Published at Mon, 19 May 2008