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KPC Seeks IOC Investment As It Chases Down 4mn B/D Target
...wait and Saudi Arabia. The two subsidiaries are in the process of being merged as KPC seeks to streamline its operations (MEES, 26 July 2024). KOC capacity fell from 3.151mn b/d in 2017-18 to just 2.629mn b/d in 2020-21, before gradually edging up to its current levels. The firm hasn’t released ca...
Volume: 67Issue: 29Published at Fri, 18 Jul 2025 -
New Egypt Gas Increments Slow Output Declines
...t to lift the project’s output to 420mn cfd, the highest level since 2017. It’s still a far cry from peak WDDM output of just over 2bn cfd in 2008. Since then, new development phases have aimed to keep the project alive rather than return output to previous heights. Shell is now looking for an in...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Kuwait Upstream Costs Soar
...ntre (GC-32) which was intended to offset declines elsewhere at the field. The 120,000 b/d facility was awarded to British firm Petrofac in March 2017 and was scheduled to come online in mid-2020. It has yet to be completed. UNCONVENTIONAL AND DIFFICULT The other major ju...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Algeria: Record Gas Output
...an 3bcm higher than the previous record for the first five months of the year set at 42.32bcm for 5M 2017 (see chart 1). This puts Algeria on track to smash annual output records of 94.8bcm and 94.5bcm set in 2016 and 2017 respectively, and possibly even break the 100bcm mark. That said, an an...
Volume: 64Issue: 29Published at Fri, 23 Jul 2021 -
Iran: Local Firm To Develop Yaran Field Iran: Local Firm To Develop Yaran Field On Iraq Border On Iraq Border
...ES, 15 July 2016), but subsequent sanctions from the Trump Administration warded off foreign interest and forced the cancellation of already penned agreements – most notably Total’s (and CNPC’s) $4.8bn South Pars phase-11 deal (MEES, 7 July 2017). IRANIAN EFFORT For years, Yaran has be...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
New Partnership Expands Qatar’s Footprint In The US
...tween Chevron and Phillips 66, says that FID on the petchems facility is expected to be “no later than 2021.” Mr Kaabi is keen to fix this aberration and a move into the US upstream sooner or later looks probable. He told MEES in late 2017 that “We are working on buying upstream assets and reserves in...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Sudans Hope For Output Gains From Cooperation
...timistic accounting and it was no surprise that when June came around, Juba sent a 600,000-barrel Dar Blend cargo Khartoum’s way, just as it has done every two months since April 2017 (equivalent to around 10,000 b/d). Nor was it a surprise that the diversion of a total of 28,000 b/d of crude to the 10...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
DNO Adds KRG Output
...eraged 106,000 b/d in the year-to-date, which implies Q2 output from the Tawke field of around 88,000 b/d – 17.5% less than the same period last year. In the firm’s February 2017 results call, Chairman Bijan Mossavar-Rahmani said that while investments had been paused since 2015 “we will be making th...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Upstream Investment: Are Shortfall Fears Overblown?
...ergy Investment 2017’, released last week. Upstream spending is two-thirds of total oil and gas investment, which fell by 26% to $650bn, a cumulative 2014-16 fall of 38%. Global spending on pipelines fell by 15% to $130bn whilst that on LNG fell to $25bn in 2016 from $35bn in 2014 and 2015. Th...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Algeria Re-Tenders 3.6bcm/y Ain Tsila Gas Development
...stream in late 2017 (MEES, 16 November 2012), and then late 2018 (MEES, 21 August 2015). Now it will not be completed until at least 2020. Front end engineering and design (FEED) work on the project was scheduled for 2013, but the award of the FEED contract eventually went to Chicago Bridge and Iron only in...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Iraq Prioritizes Gas Development, Border Fields
...s first LPG cargo in July 2016. Volumes remain small, though May 2017, at 8,000 b/d saw the highest output so far. IRAQ'S JULY 2017 UPSTREAM OFFERINGS REGION BLOCK as...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Partex Sees Adco Opportunity As BP, Shell Shun Terms
...d US players. Adnoc retains a 60% controlling stake in the restructured Adco, which manages 15 onshore fields that are currently producing 1.6mn b/d and are due to rise to 1.8mn b/d by 2017. TOTAL IN; EXXON OUT; BP, SHELL PLAY HARDBALL But ExxonMobil was apparently not impressed with th...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Leviathan 3Tcf Boost
...erated ELNG plant at Idku – MEES, 4 July). They also have deals to supply gas to Israel and the Palestinian Territories. Turkish companies are looking to import Leviathan gas, while the partners have entered into a tender to export gas from 2017 to nearby Cyprus. Cyprus also hopes to secure Leviathan ga...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014