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Libya: Set For A Gas Boost In 2019?
...able than that of oil since the 2011 revolution, in some ways the picture has reversed over the past 18 months or so. Crude output steadily rose to reach 990,000 b/d in 2018 – and a six-year high of 1.26mn b/d in March – whilst gas production fell to 1.34bn cfd, down 25% from 2013’s record 1.79bn cfd ac...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Dubai’s Dragon Roars In To Egypt With BP Purchase
...timated $500mn for BP’s Gupco subsidiary, which manages the firm’s 12 concessions containing 45 fields in Egypt’s mature Gulf of Suez oil province. Output was 71,000 b/d for 2017-18, 11% of Egypt overall output, down from 72,500 b/d for 2016-17 and 78,000 b/d for 2011-12. Net output to BP is around 40...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Cyprus: Aphrodite Contract Agreed, 2020 FID?
...Cyprus looks to be finally on the path to the realm of gas producers. Nicosia has agreed to sweeten terms in return for a guarantee from Noble, Delek and Shell to develop the 2011 Aphrodite discovery. The Cyprus government and the partners at the country’s 4.2tcf Aphrodite gas field have ag...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019