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Energean Advances Israel Drilling Plans
...2017 (MEES, 15 December 2017), These blocks include the sites of the potential fourth and fifth wells of Energean’s 2022-23 program: wildcats targeting the 1.1tcf Hermes prospect on Block 31 and the 2.7tcf Hercules prospect on Block 23 (see map). These are potentially costed at $50mn each ve...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
KRG Finances Remain Precarious Despite Export Revenue Boost
...arters of 2021 will doubtless have been markedly higher than in late 2020. EXPORTS ON THE RISE KRG crude exports from Ceyhan in 1Q 2020 averaged 465,000 b/d, their highest figure since Erbil lost control over most of Kirkuk’s producing fields to the federal government in October 2017 (MEES, 20 Oc...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
India’s Reliance Signs Up To Key Abu Dhabi Downstream Project
...gn up to a ‘world-scale’ project. In 2017, Adnoc announced plans to more than triple its petrochemicals capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). As well as expanding its petrochemicals facilities, Adnoc is also working to move further along the value chain through the production of mo...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
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