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Iraq Bidding: Shell & Adnoc Locked Out By Inflexible Criteria
...ar, the firm declared commerciality on its 2017 Eridu discovery on Block 10 in nearby Dhi Qar province (MEES, 10 March 2023) with plans for 30,000 b/d pilot production in 2027. Reaching that milestone took two years after submitting a development proposal, leaving Lukoil and its Japanese partner Inpex di...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Shell Egypt Slump Opens The Door For Chevron
...ft Shell-predecessor BG unable to meet its export commitments from the 7.2mn t/y ELNG export terminal which adjoins the WDDM processing facilities at Idku (MEES, 7 February 2014). Even the addition of UK major BP’s West Nile Delta (WND) project from 2017 wasn’t enough to reboot LNG exports. This pr...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Kurdistan Producers Bullish on Field Plans After KRG Payments
...cent record-setting production figures, output has remained below that of the nearby Atrush block (Taqa 47.4%op, Shamaran 27.6%, KRG 25%). Atrush is one of the newest producing fields in Kurdistan, having only started up in 2017, but updates from Canadian minnow Shamaran show that production from the bl...
Volume: 63Issue: 21Published at Fri, 26 Mar 2021 -
KRG Oil Sector Risks Unwinding In 2020
...evitable (see box, p3). The current situation is the most perilous the KRG has faced since Baghdad reclaimed swathes of territory in the aftermath of the ill fated September 2017 referendum on independence (MEES, 29 September 2017). Oil prices have crashed so far that revenues now fall well short of th...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Low Cost Qatar Targets Counter Cyclical Investment
...cess cargoes, prices there are just as weak (MEES, 1 November 2019), and as a result export revenues had plunged to their lowest level since 2017 (MEES, 1 May). Cutting volumes below Qatar’s 77mn t/y capacity could provide a price-boost, but QP doesn’t intend to provide a helping hand to rival pr...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Egypt’s Offshore Delta Output: Nooros Boost, Rapid Decline
...end last year despite an increase in output from 1.0bn cfd to 1.17bn cfd at the 2017 Nooros start-up on the Abu Madi West block. The firms’ other four regional blocks – El Temsah, Ras el Bar, Baltim and North Port Said – remain in unremitting decline. Having waned from above 2bn cfd in 2012 to 93...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Tunisia Struggles To Halt Oil And Gas Decline
...18’s 37,700 b/d. But this was the second lowest quarterly figure in the last five decades: it was only lower in 3Q 2017 when protesters forcibly shut in southern fields demanding jobs and development funds (see chart and MEES, 2 June 2017). While the industry ministry sees 2019 output reaching 44...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
The Dragon Rises In The Middle East
...cember 2017, but only officially signed on 23 May (MEES, 5 January). Finalization of the agreement came less than a month after two other small Chinese firms enjoyed great success in Iraq’s fifth licensing round on 26 April (MEES, 27 April). Of the six blocks awarded, three went to two Chinese firms, wi...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Egypt Gas Output At Record Levels As Cairo Launches Bid Rounds
...Egypt gas output is close to topping 6bn cfd for the first time since 2012 as Eni’s flagship Zohr field continues to ramp up. Far from resting on its laurels, Cairo has launched two bid rounds as it hopes to offset high decline rates. The December 2017 start-ups of both Eni’s 21.5tcf Zohr an...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Can Egypt Garner Interest In Its Oil Heartlands?
...500 b/d and Burg El Arab 1,700 b/d for 2017. The firm has been shifting away from its Egypt assets towards its Iraq acreage (see p8). Block 11, SE Siwa, is surrounded by acreage operated by Western Desert stalwart Apache, TransGlobe, new player Apex and Eni. The block is just south of Eni’s SW Meleiha bl...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Iraq Pursues Crude Capacity Gains As Revenues Rise
...is implies southern export capacity of 3.8mn b/d from the Khor al-Amaya oil terminal, Basra Oil Terminal and three single point mooring (SPM) systems. IOC PAYMENT BURDEN DIPS The output deal is paying dividends for Iraq, with revenues on track to rise $10bn to $54bn in 2017 (see chart). Mo...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Algeria Maintains 2015-2019 Production Plan, Keeps Quiet On Shale
...stream projects in the first three years of the plan: $15.5bn in 2015, $22bn in 2016 and $23bn in 2017, according to Mr Sahnoun, figures which imply a drop-off in investment to $15bn/year for the last two years of the plan. Sonatrach’s CEO said $11bn would come from international partners, with the rest to...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
BP Steps Up Egypt Commitment But IOC Receivables Climb Again
...ril). Production is slated to begin in 2017 and by 2019 ramp up to 1.2bn cfd – which equates to 26% of Egypt’s 1Q15 gas output of 4.54bn cfd. BP’S WEST NILE DELTA FIELDS & KEY INFRASTRUCTURE WND PRICING DETAILS The agreement signed between the partners and Cairo is not a typical Production Sh...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Aramco Gives North Ghawar Reservoirs A Rest
...aybah is due to be completed by 2015, taking production to 1mn b/d, double initial capacity when the field came online in 1998, Aramco says. Khurais is also being expanded to produce 1.5mn b/d of Arabian Light by 2017, up from a current 1.2mn b/d. The company produced an average 9.4mn b/d of crude oi...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Iraq’s Rumaila Down By 200,000 B/D As Water Content Rises
...the country’s producing fields, by offering to raise production to a 2.85mn b/d plateau by 2017 for a per barrel fee of $2, and maintain the plateau production target for seven years. The investment to date has raised production capacity from the field, which has 17bn barrels of recoverable re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Bahrain Oil And Gas Sector Steady In 2013, But Challenges Ahead
...en delayed by at least two years. Previously, MEES reported that Bapco expected to roll out the replacement and new refinery units over a two-year period between 2017 and 2019. Speaking about the timing of the Sitra refinery expansion, Mr Muayyid sees greater market competition from Gulf re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Kish Gas Startup Claims Half-Baked
...urce tells MEES. “It is not yet clear when gas will be produced, but I imagine it may need at least another four to five years. At the earliest, gas will come [onstream] around 2017-18.” These sentiments were echoed by Siamak Adibi, head of Facts Global Energy’s Middle East Gas team, who hi...
Volume: 56Issue: 21Published at Fri, 24 May 2013