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Kurdistan’s Gas Ambitions Advance With Chemchemal Kickoff
...rk had fallen victim to a period of tumultuous relations with the Kurdistan Regional Government (KRG), with lengthy arbitration from 2013 to 2017 holding back development at both Khor Mor and Chemchemal (MEES, 13 July 2018). But that episode is in the past and Chemchemal’s development will ensure no...
Volume: 68Issue: 30Published at Fri, 25 Jul 2025 -
Kuwait Boosts Capacity At Key Fields
...abia. Kuwait’s oil sector is rebounding from a series of setbacks at the turn of the decade which saw KOC capacity slump from 3.15mn b/d at the end of the 2017-18 financial year in March 2018 to just 2.629mn b/d three years later. KOC capacity is supplemented by around 200,000 b/d from the PNZ – Ku...
Volume: 67Issue: 30Published at Fri, 26 Jul 2024 -
KRG: DNO Blames Ministry Shake-Up For Tawke Slowdown
...minant field and as recently as 2017 was still producing in excess of 100,000 b/d. DNO says that there have been “no new wells coming on production at the Tawke field in more than a year,” and that as a result natural decline has taken its toll, with Q2 output down 19% on a year earlier. DNO says the pr...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Iran’s Petropars Wins $1.3bn South Azadegan Contract
...ofile firms were interested in developing South Azadegan (MEES, 29 January 2016). The likes of Total, Shell, Petronas, Inpex and Rosneft (MEES, 8 September 2017) were all linked to the field until the re-imposition of US sanctions nixed Iran’s plans. LOCAL FIRMS STEPPING UP With IOCs unwilling to...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Algeria Gas Fields Slump
...mpression project doubled output to a record 815mn cfd in 2017. Q2 output was just 493mn cfd (see chart 2). But natural decline doesn’t explain In Salah’s precipitous Q2 slump. Faced with a huge decrease in export demand for its gas (MEES, 26 June), Algeria has been cutting production across a number of ke...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Israel Bidding: Geopolitical Handicap Stymies Major Interest
...s five more Israel exploration blocks from the 2017 bid round. Whilst no-one can doubt the firm’s ambitions – it recently agreed to pay up to $850mn for the upstream assets of Italy’s Edison (MEES, 5 July) – it is unlikely to have spare cash for major exploration efforts anytime soon. So no ma...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
CNPC Hot Favorite In Abu Dhabi Opening As Adnoc Eyes Chinese Downstream
...Haseer field in March, and output is slated to double to 16,000 b/d by 2020. Clearly this is a relatively small producer, but CNPC scored big in February 2014 when it landed an 8% stake in the 1.65mn b/d Adnoc Onshore concession (then-Adco) for $1.77bn (MEES, 24 February 2017). CPECC su...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
Oman Deficit Halved As Export Revenues Soar
...art this year despite increasingly alarmist projections from ratings agencies and the IMF citing the country’s tepid fiscal outlook (MEES, 24 November 2017). Through the first five months of 2018, the country’s budget deficit has nearly halved to RO1.095bn ($2.84bn) from RO2.035bn ($5.28bn) over the sa...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
Kuwait Eyes Long-Delayed Jurassic Gas Expansion
...considerable confidence that these ambitious targets will be met. Certainly, Kuwait has stepped up gas drilling activity this year according to data from US service firm Baker Hughes. It averaged 12 active gas drilling rigs in the first half of 2017, up from 8 in the same period in 2016. Th...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Total Shrugs Off Regional Tensions, Eyes Further Qatar Projects
...Nearly 30% of Total’s liquid production came from the Middle East and North Africa in the first half of 2017, slightly up year-on-year. Net volumes averaged 384,000 b/d and are set to rise some 23% in the current quarter with the firm taking over as operator at Qatar’s 300,000 b/d Al-Shaheen oi...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...VELOPMENT ON HOLD The cash-strapped government in Baghdad has had to divert funds to the battle against IS and try to cut costs by scrapping some vital projects, which has frozen investment in new oil and gas capacity for this year and possibly up until 2017 (MEES, 17 July). The loss of territory ha...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Iraq: Crisis Remains At The Door Despite Badra Start Up
...oil from the south to attain its production and export targets. Badra is due to ramp up to 60,000 b/d by the end of the year and attain plateau production of 170,000 b/d by 2017. Once commercial production is attained, the foreign contractors will be paid a remuneration fee of $5.5/B. Gazprom Ne...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
230,000 B/D Garraf Joins List of Delayed Iraqi Projects
...late 2011/early 2012, causing a delay of at least two years to the original 2015 phase 1 start-up (MEES, 26 March 2012). Current project manager, CH2M Hill believes it can still make the 5.2mn b/d phase 1 start up by 2017 (MEES, 22 March), but most Iraqi oil investors are skeptical. A high pr...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Abu Dhabi: Onshore Pumps 1.5Mn B/D, Investing $40Bn
...0,000 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 (see map, p3 and MEES, 21 June). The last time the target was publicly stated, it was for 2017, though it was originally for 2015. Abu Dhabi is half wa...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Aramco Rigs To Hit 200 By End-14, But Drilling Delayed
...0,000 b/d by end 2014, and plans a 300,000 b/d expansion at Khurais to 1.5mn b/d and a 250,000 b/d push to 1mn b/d at Shaybah by 2017 (MEES April 19). But Aramco’s short-term deployment of more rigs has been delayed, according to fellow services firm Baker Hughes. CEO Martin Craighead to...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013