1. Baghdad Kicks Off Production Target Talks

    ...favor of a major plateau reduction. Firstly, it has become increasingly clear that building the contracted 10mn b/d plus of new capacity, and more importantly the associated transportation and water injection infrastructure required by 2017, as stipulated in Iraq’s service contracts, is simply not vi...

    Volume: 55
    Issue: 20
    Published at Mon, 14 May 2012
  2. Qatar To Invest Heavily In Crude Boost

    ...oduction sharing agreement (PSA), which expires in 2017. Doha, however, told Maersk to hold back on boosting capacity while it studied the reservoir to understand where it should plateau output to extend the field’s life. The reservoir has suffered from a pressure drop and sea water entering the reservoir, wh...

    Volume: 55
    Issue: 20
    Published at Mon, 14 May 2012
  3. IEA Warns Iraq Oil Failure Would Be ‘Very Bad News’ For Markets

    ...e wider energy industry it is Iraq’s final production level and its timing that is paramount. Iraq’s upstream bidding round contracts stipulate production plateaus that would give the country in excess of 12mn b/d by 2017, or 13mn b/d if the Kurdish region is included. But these targets are in...

    Volume: 55
    Issue: 20
    Published at Mon, 14 May 2012
  4. Sudan To Hike Heglig Production, South Willing To Return To Talks

    ...ld a panel of top experts and officials involved in the structuring of Sudan’s mooted five-year political and economic plan to 2017.   Following last week’s calls from the international community to put an end to the fighting and return to the negotiating table, South Sudan has made the first mo...

    Volume: 55
    Issue: 20
    Published at Mon, 14 May 2012