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Exxon Starts Cyprus Seismic, Eyes More Wells
...elded the giant 21.5tcf Zohr field on the other side of the Cyprus/Egypt maritime border. It was Total that confirmed that the ‘Zohr-like’ play extended into Cypriot waters, though its 2017 Onesiphoros well on Block 11 failed to find commercial quantities of gas (MEES, 15 September 2017). Once En...
Volume: 65Issue: 26Published at Fri, 01 Jul 2022 -
BP Drilling Offshore Egypt
...% TO JUST 1.1BN CFD FOR 2020 (BN CFD) SOURCE: ENI, MEES CALCULATIONS. Further to the west, BP’s largest project offshore Egypt, West Nile Delta (WND) has suffered even steeper declines. Output from its first two phases, which only started-up in 2017, has fallen precipitously to ap...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
Algeria Oil & Gas: Searching for Stability
...lding sway in the sector. For example, Chakib Khelil was unquestionably the oil supremo when he was energy minister from 1999 to 2010. But the Sonatrach CEO was the man to call when the industrious Abdelmoumen Ould Kaddour headed the state-oil giant between 2017-2019 (MEES, 26 April 2019). Sonatrach is...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Saudi Arabia Gas: New Facilities, Greater Flexibility
...ming years, with work underway to add substantial gains through a mix of associated and non-associated gas processing capacity. First up is the Hawiyah Gas Plant Expansion Project. Contracts were awarded in 2017 to add 1.07bn cfd processing capacity, which will bring capacity up to 3.86bn cfd by Ju...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Oman Condensate Output At Record Highs
...quids output, the share of condensate continues to grow. Condensate output over the first five months of 2019 is running at a record high of 115,000 b/d, up from 2018’s annual record of 107,000 b/d and 2017’s 86,000 b/d. Conversely, at 856,000 b/d for January-May, crude output is on track for a five-ye...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Can Oman Capitalize On Opec+ Production Deal?
...ok effect in January 2017, last week’s decision to reduce over-compliance means Oman has freedom to increase output (MEES, 22 June). The Joint Ministerial Monitoring Committee (JMMC) will “coordinate amongst the countries with spare capacity” says Saudi Energy Minister Khalid al-Falih, adding th...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Sharjah Launches Debut Licensing Round
...ring 2017 which covers the whole concession area. The smaller 264km² Area B was also fully covered by 3D seismic in 2017. However, the third area, Area C, while much larger at 1,184km² only has a small area of 3D seismic shot in 2013 along the border with Area B. Any successful bidders will be re...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Energean Files Karish Development Plan; Bidding Delayed, Again
...d connected to the same FPSO, Energean says. CEO Mathios Rigas says his firm hopes to receive “approval of the FDP as soon as possible in order to be able to reach Final Investment Decision by the end of 2017.” However, investment will not go ahead without more sales deals and – given co...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Morocco Looks To Cut Reliance On Algerian Gas
...Morocco imported 109mn cfd of gas from Algeria in 2016 and Q1 2017, some 93% of the country’s consumption. In theory there is scope for these volumes to rise – gas provides only 6% of Morocco’s primary energy demand. But, in practice, fractious relations between the two Maghreb neighbors – th...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
QP Ousts Maersk At Key Qatari Oil Field Amid Sectoral Revamp
...tar announced on 28 June. Maersk’s current 25-year 100% operating production sharing contract (PSC) at al-Shaheen expires in July 2017. This will be replaced by a joint venture comprised of Total (30%) and state oil firm Qatar Petroleum (QP, 70%). Often seen as incidental to Qatar’s economy due to th...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Algeria: No Cash, Investment Slashed… Output To Soar. Come Again?
...nual report indicate that the company sees Algeria’s oil output rising to 75mn tons/year (1.62mn b/d using a 1 ton =7.86bl conversion factor for light Saharan Blend crude) in 2017 and 2018, before increasing further to 77mn tons (1.66mn b/d) in 2019 and 82mn tons (1.77mn b/d) in 2020. Algeria produced 1....
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Algeria Seeks Schedule Discipline For New Refineries, Hints At Outside Equity Need
...fineries to raise refining capacity from 651,000 b/d now to almost 1mn b/d. Mr Mekmouche says that if oil prices stay above $60/B from 2017 there is a “high probability” that Sonatrach will be able to finance all its projects “from its own resources.” But prices of around $30/B would leave pe...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
ADCO Expands North East Bab, Abu Dhabi 3.5Mn B/D Target Back To 2020
...abi Marine Operating Company (ADMA-OPCO) said its 100,000 b/d oil field development of the offshore Umm Lulu field will form part of a 400,000-1mn b/d boost to the emirate’s output by 2020 (MEES, 21 June). The last time the target was publicly stated, it was set for 2017, though it was originally 20...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure
...riously delay, Sonde’s plans to produce 37,000 b/d of oil and 80mn cfd of gas from Zarat, Tunisia’s largest undeveloped field, from 2017 (MEES, 27 August, 2012)....
Volume: 56Issue: 26Published at Fri, 28 Jun 2013