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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 -
Jordan To Receive First LNG Cargo On 25 May
...0,000 m³. NEPCO is expected to import additional LNG volumes from alternative sources on the market. Jordan is understood to be looking for extra cargoes this summer, up to 3 between August and September. Beyond that, it is eying a short-term deal of 18 cargoes per year in 2016 and 2017. With si...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Egypt Seeks Funding For Coal Plant, Officially Inaugurates 2GW Of Capacity
...s 38 Suez (2016) 0.65 Oil 23.8 Damietta West* (2017) 0.25 Gas 29...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Companies Scale Back Libya Expectations
...o fields were expected to add 180,000-200,000 b/d by 2017 (MEES, 9 November 2012). ConocoPhillips drilled four appraisal wells in 2015, it said in its 2014 annual report (MEES 6 March). Hess has written off the $260mn cost of two successful deepwater exploration wells on its Area 54 exploration ac...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Chinese State Firm Secures Abu Dhabi Field Contract
...eld, which Adco says will add 20,000 b/d to onshore production capacity. The field, part of the South East cluster of onshore fields, is of strategic importance as Adco prepares to raise output capacity to 1.8mn b/d by 2017 from 1.6mn b/d currently. The Southeast Asset also includes the Asab, Sa...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Orpic Seals $0.9bn Financing For $7bn Projects Program
...pelines and terminal in the first half of 2017. OLC has arranged financing with Ahli Bank and Bahrain’s Ahli United Bank to cover 70% of the MSPP’s development cost. The MSPP project will transport oil products through a 290km pipeline system between the Sohar and Mina al-Fahal refineries and a pr...
Volume: 58Issue: 21Published at Fri, 22 May 2015