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Egypt’s Med Gas Output Collapse: Can Even Zohr Make Up The Losses?
...TUAL OUTPUT TO 2015, PROJECTION FOR 2016, ESTIMATE FROM 2017. INCLUDES INCREMENTAL GAINS AT CURRENTLY-OPERATING PROJECTS BUT EXCLUDES ZOHR, WND. ^BASED ON COMPANY FORECASTS. THESE MAY PROVE OPTIMISTIC ESPECIALLY AS REGARDS THE RATE OF RAMP-UP. **CURRENTLY CONTRACTED CARGOES ONLY, FURTHER VOLUMES LIKELY TO...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Zohr Number-Crunching
...eld more riches. ZOHR PRODUCTION PROFILE INDICATES 22-23TCF RECOVERABLE RESOURCE *OFFICIAL START-UP (1BN CFD FROM 6 WELLS) SLATED FOR ‘END 2017,’ 14 ADDITIONAL WELLS ARE SLATED TO ADD 1.7BN CFD FROM 2019. PROFILE PRESUMES THAT THESE INCREMENTS TAKE TIME TO RAMP UP. SOURCE: MEES, BASED ON EN...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
KRG Scrabbles To Pay IOCs Amid Strain Of Prepayment Obligations
...scovery as well as Russian state firm Gazprom Neft’s takeover as operator from Canadian-listed partner Western Zagros. But increases beyond current 5,000 b/d output this year are off the cards, with the Sarqala-2 well set to be spudded in the first half of 2017. Western Zagros also confirms that Re...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Eni Advances Libya Gas Plans Amid Short-Term Cuts
...e second half of 2017 through to the second half of 2018,” it adds, noting that in light of the continued and chronic instability in Libya, “all offshore mobilizations will be undertaken from Malta” around 250km to the north. Eni’s gas output, both from Bahr Essalam and the Wafa field deep in th...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Aramco Looks To Build On Record Output With ‘New Era’ Of Integration
...tchems volumes do not include two big projects which are due online in 2016 and 2017. Although Sadara started up its first polyethylene unit in December 2015, no commercial production took place. The 2.6mn t/y Rabigh 2 expansion joint venture with Japan’s Sumitomo is due to begin commissioning this year, al...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Aramco Steps Up Petchems Challenge To Sabic
...provide basic engineering and proprietary furnace technology for a new cracker, which is being built by Taiwan’s CTCI under an engineering, procurement and construction contract. Sabic says the cracker is expected to cost $94.5mn and is scheduled for completion in the second half of 2017. The cr...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
International Investors Size Up Ambitious Egypt Wind And Solar Program
...bel El Zeit area – one is for 120MW and one for 40MW. The capacity is due online in 2017 at an existing 200MW Gamesa-built wind farm. Earlier NREA awarded Spain’s Gamesa a €220mn ($246mn) turnkey contract for a 220MW wind farm at Gebel El Zeit, for start-up in 2017. Meanwhile, EETC has signed an Mo...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Opec: Fit For Purpose? What Purpose Is That Exactly?
...vernment’s Energy Information Administration (EIA) is now forecasting 2016 crude output of 8.60mn, down from 2015’s record 9.43mn b/d, with a further 400,000 b/d fall forecast for 2017. But of course, as the Saudis and other Gulf producers are acutely aware, these forecasts are highly sensitive to prices. Th...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Latest Us Output Figures And Projections
...CRUDE OUTPUT THIS YEAR... EIA 2017V16 AND 2016V15 FORECASTS BY DATE OF FORECAST. ...BUT WITH A 150,000 B/D UPWARD REVISION TO ITS 2017 FORECAST THE END MIGHT BE IN SIGHT EIA 2017V16 AND 2016V15 FORECASTS BY DATE OF FORECAST....
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Aramco Sees Gas As Central To Economic Transformation
...pending as it does on political as well as below-ground factors (see p14), easier to forecast is that Saudi NGLs output will continue to rise with that of gas. The IEA has Saudi NGLs output rising by 90,000 b/d between 2015 and 2017 and by a further 75,000 b/d by 2021, while Asia Pacific Energy Consulting pr...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016