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Libya’s North Hamada: Development At Last?
...ree wells in 2014 which were all successful, leading the government to declare second commerciality for structures B, C and J. By this time, Nafusah Oil Operations was set up consisting of Medco (25%op), LIA (25%) and NOC (50%) to handle development. Development plans are based on 2P reserves of 245mn ba...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Algeria’s Touat: June Start Up, July Plateau
...mainder of 2019. The Karam field, where output began in late 2014, is the key producer on the Western Desert concession. Neptune says drilling of the ‘Karam-10’ development well is ongoing following “positive results” from last year’s Karam-9 well. Shell was the key winner of Western Desert acreage in re...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
China Imports: Saudi Cements Top Spot; Iran At 5-Year High Amid Overall Record
...ivers’. *China imported 787,000 b/d from Iran in April, the highest figure since April 2014 and only just shy of the 800,000 b/d figure indicated by Reuters ship tracking (MEES, 10 May). Reports indicate that Beijing took advantage of massively-discounted Iranian barrels to expand its strategic st...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Gulf Refiners Push 2.7Mn B/D Crude Processing Hike By End-2025
...udi Arabia which will lift the kingdom’s refining capacity to 3.3mn b/d. The refinery was originally due online in 2017 (MEES, 28 February 2014) and its planned late-2019 start up may yet slip into 2020 (MEES, 22 February). However, the project looks more likely to come online this year with Iraq’s pl...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Iraq Power Generation Hits New Heights Despite Stalled KRG Deal
...iginal intention of receiving gas feedstock from the nearby DNO-operated Summail gas field. Gas flows began in May 2014 (MEES, 12 September 2014) but didn’t last long, with DNO halting operations at the field in 2015 and relinquishing the license in 2016. Since the Summail flop, Duhok has been ru...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Jordan’s Nepco: An End To Operating Losses?
...Jordan (MEES, 8 August 2011). Volumes fell from 220mn cfd in 2010 (which nearly met domestic demand) to 78mn cfd the following year forcing Jordan to increasingly import diesel and fuel oil to generate power just as oil prices were exceeding $100/B. By 2014, Nepco was relying on oil products fo...
Volume: 62Issue: 22Published at Fri, 31 May 2019