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Iraq: Shell Steps On The Gas With Basra Project
...ird quarter of 2017, but few realistically expect this to be in place until 2018 at the earliest (MEES, 29 March). Given that most operators of Basra projects believe reaching plateau targets with responsible reservoir management is unachievable without the CSSP, it is surprising more of them have not fo...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
BP, Oman Pen 1Bn cfd Khazzan Tight Gas Deal
....” As well as the 1bn cfd of gas, the project is expected to produce 20,000 b/d of condensate. Project start-up though has slipped to the second half of 2017 at the earliest. BP has said it hopes to reach a final investment decision (FID) and declaration of commerciality before the end of th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Satorp Refinery Unlikely To Stem Saudi Product Imports
...location of production independent of Saudi Aramco. Significant product imports are likely to end with the start-up of a key new Red Sea refinery: the 400,000 b/d Yanbu’ Aramco Sinopec Refining Company (Yasref) plant. The IEA recently said Yasref will likely start up in 2017-18 (MEES, 17 May). Ot...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
OPEC Output Edges Up In May
...oduction plateau from the previously agreed target of 12mn b/d by 2017 to 9mn b/d by 2018. And while talks continue on new lower plateau targets with ExxonMobil and BP on the 1.8mn b/d West Qurna-1 and 2.85mn b/d Rumaila field developments, negotiations with Shell over a new plateau target for the 1....
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
UAE’s Dana Gas Looks To Move On From Sukuk Troubles
...ior to the new maturity date of 31 October 2017 (MEES, 21 December 2012). The company eased its debt worries during the first quarter by selling about half of its 3% stake in Hungary’s MOL for $135mn. This left the company with a cash balance of $342m at the end of the quarter. Dana says it is...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013