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Shamaran Expands Kurdistan Presence With Transformative Sarsang Entry
...turned to the region in 2017 when it acquired the minority Sarsang stake as part of its takeover of Denmark’s Maersk Oil. Shamaran says that “the Acquisition is highly accretive and transformative to Shamaran as it grows from a single asset company to a multi-field producer and paves the way for fu...
Volume: 64Issue: 28Published at Fri, 16 Jul 2021 -
Tethys Oil Expands In Oman With Extra Southern Block
...opted a similar strategy with blocks 49 and 56. Tethys acquired a 100% interest EPSA for Block 49 as part of Oman’s 2017 bid round, launching a 3D seismic campaign a year later (MEES, 14 December 2018). Per its Q1 report, Tethys says there have been no changes to 2020 plans to commence drilling – the 4,...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Israel Gas Market: Competition Heats Up, Litigation Abounds
...21 to sell the remainder of its current 22% stake (MEES, 30 June 2017). At Leviathan they have 39.66% and 45.34% respectively (see charts). This gives Noble, and especially Delek, a strong incentive to favor sales of gas from Leviathan over Tamar. Noble and Delek collectively have 47% of Tamar, ri...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Iraq’s Tight Margins Take Toll On Foreign Majors
...Iraq gives some of the tightest margins of any Mena oil producer, and it shows. The largest majors operating in Iraq netted barely 250,000 b/d of crude in 2018 (see table). And that was down from around 350,000 b/d in 2017. This is largely due to Baghdad’s technical service contracts (TS...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
China Puts Oil Center Stage Of Middle East Strategy
...omoted to the cabinet and appointed First Deputy Prime Minister and Minister of Defense (MEES, 15 December 2017). Progress on the project would advance the deputy PM’s credentials as a potential future Emir. A number of bilateral agreements were reached including an MoU with the China Council for the Pr...
Volume: 61Issue: 28Published at Fri, 13 Jul 2018 -
Tawke, Atrush Licenses Provide KRG With Output Boost
...oduction facility (EPF) by year end 2017 to be followed by a pipeline connection to the Tawke export terminal at Fishkabur.” There was no detail provided as to the capacity of the planned EPF. Combined production on the Tawke license has been averaging 115,000 b/d in early July. It averaged 111,000 b/d in...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Dubai In 2.4GW Coal Award
...ys Barakah-1 is “88% complete” while the last reactor, Barakah-4, is “31% complete.” Korea’s Kepco E&C originally intended to bring one reactor online each year during 2017-20. However, Enec has recently been saying that the units are “scheduled to be delivered by 2020,” suggesting a delay in sc...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Oman LNG Posts 10% Revenue Growth For 2012
...ich a price agreement was reached with Muscat last month (MEES, 7 June) – will temporarily ease the crisis when it comes onstream in late 2017/early 2018. In total, 85 cargoes were shipped from the two OLNG trains at Sur in 2012, with the QLNG train contributing a further 46 cargoes. An ad...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013