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Cronos: Time For Cyprus Field To Shine
...SITION Cronos looks set to become Cyprus’ first gas producing field. The Mediterranean island’s first gas discovery, the 3.5tcf Aphrodite, made in 2011 and operated by US major Chevron, has fallen behind Cronos despite an approved development plan (MEES, 21 February). Chevron is currently in the pre-FE...
Volume: 68Issue: 31Published at Fri, 01 Aug 2025 -
Libya Exploration Looking Up As Eni & BP Lift Force Majeure
...menting the re-establishment of UK relations with the Gaddafi regime following a landmark visit by then PM Tony Blair to Tripoli (MEES, 4 June 2007). BP was slow to kick off exploration but was “hours away” from beginning a 17-well, $900mn commitment drilling program when the revolution began in February 2011...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Iraq Crude Exports Edge Up In July
...ightly. Baghdad has so far brought in $47bn this year, down just $800mn (see chart). If oil prices and exports hold steady, Iraq is looking at around $80bn in export revenues – just a hair behind last year’s $83.7bn and not far behind the 2011-14 days of $100/B oil when Iraq netted $85-95bn despite only ex...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Eni & Total Strengthen Cyprus Ties
...months. Appraisal wells are slated for Calypso on Block 6, Glaucus on Block 10 and also at the 4.2tcf Aphrodite field, Cyprus’ first gas discovery in December 2011. This would be the second appraisal well drilled at Aphrodite: the previous one was drilled six years ago. In June the pa...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Iraq Takes On Mansuriya
...-year development service contract signed in 2011. Nonetheless, Oil Minister Jabbar al-Luaibi calls their efforts a “failure” and maintains “great confidence” in the national oil companies’ capabilities to do a superior job. "The ministry will not hesitate to transfer unfulfilled contracts held by fo...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Egypt Goes West And Digs Deep In Quest For Oil Output Boost
...nger term it hopes a recently-launched bid round will provide a boost (MEES, 25 May). The key blocks on offer are in the Western Desert. Since 2011 the Gulf of Suez has seen its importance wane. It has been overtaken by the Western Desert, the country’s key oil province, where May output of 36...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Algeria: In Amenas Gas Boost But Oil Set For Further Slide
...ndling” project that will boost rates of water treatment and thus re-injection from later this year. Cepsa, since 2011 owned by Abu Dhabi state investment fund IPIC, also operates the Bir El Msana (BMS) project, in the Berkine Basin around 100km north of Ourhoud. One of only two modest oilfield start-ups in...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Kuwait, Saudi Spat Over Neutral Zone Heats Up
...olation of the bilateral agreement, he adds. He also says that work to cut emissions had begun in 2011 and was due to be completed in 2017. Mr ‘Umair says in the letter that the Kuwaiti side had suggested to the Saudis that production resume at Khafji at a reduced rate of 100,000 b/d, but that the Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Iran Gets The Show On The Road For Contract Launch
...owth has been considerably slower than expected: Crude oil production in Iran is currently running at around 2.8mn b/d, down on 3.6mn b/d in 2011; while gas production growth has only really picked up over the past 12-15 months (MEES, 13 March). And with this roadshow, Iran is hoping to lure some of...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Algeria’s Upstream Challenges In Four Graphs
...emingly written earlier) 2014 report says “the engineering, acquisitions, construction and preparation to have [BMS] operating will be completed in the first half of 2015, and first production is expected around July.” Again, production appears to have not yet begun. Cepsa has since 2011 been owned by Abu Dh...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Iran Oil Sales Slide In June, But Still In The ‘Red’
...eir implementation some two years ago, slashing the country’s main source of revenue. Latest OPEC estimates put the value of Iranian oil exports in 2013 at just $61.9bn, down a huge 39% on $101.5bn in 2012, which itself was well down on $114.8bn in 2011 (MEES, 25 July). Iran and the P5+1 group of wo...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Algeria Sacks Sonatrach CEO Zerguine
...mpany.” Mr Zerguine took charge of Sonatrach in September 2011, and presided at a turbulent time over the Algerian energy sector. Falling oil and gas output was compounded in January last year by the terrorist attack on the In Amenas gas plant, during which 40 workers lost their lives and production at th...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Abu Tabul Commissioning To Kick Start Oman Gas Boost
...isting Omani gas pipeline grid at Saih Nihayda. From there, the gas can be sent directly to Sur, the location of Oman’s three gas liquefaction trains. At the signing of the original gas sales agreement in October 2011, OOCEP pledged to invest in excess of $1bn for the first phase development of the fi...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014