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Aphrodite Advancing
...wMed estimates first gas at Aphrodite for 2031, a date which has irked Cypriot authorities who believe the field, discovered in 2011, could be developed sooner. NewMed and Chevron are also partners in Leviathan, where the Israeli company has a 45.34% stake. Chevron’s Mr Nelson also hinted that th...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Eni, BP Sign Egypt Deal Ahead of Exploration Drilling
...at the exploration well Eni and BP are planning will be in the Denise development lease and has been on the cards for some time. The well will be drilled before the end of the year. Output from the Temsah concession peaked at more than 1bn cfd in 2011 and 2012, but dropped to just 60mn cfd in 20...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Eni Makes ‘Big But Not Massive’ Cyprus Gas Discovery
...prus’ fourth gas discovery to-date following 2011’s 4.1tcf Aphrodite find by US firm Noble (now Chevron), 2018’s Calypso and ExxonMobil’s 5-8tcf, 2019 Glaucus. As yet though, the country does not produce any gas although it is hoping that negotiations with Chevron (35%) and its Aphrodite partners, Sh...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Lebanon Bid Round: Second Time A Charm?
...d not scare off the consortium, but adjacent Blocks 8 and 10 went bid-less. Five blocks were not tendered in the first round, so Lebanon has a total of eight it can offer up. The political situation is still more stable than 2011-16 when spillover from Syria was a critical concern, so if in...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Iraq Makes Progress On Chronic Gas Shortage
...e lowest since 2011. The upshot was that sales gas volumes soared 55% to more than 1bn cfd for the first time. The gains were largely driven by the Basra Gas Company (BGC: South Gas Company 51%, Shell 44%, Mitsubishi 5%) which processes natural gas produced from three fields in Basra province – BP...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Eni Output Down In Q2 But On Course To Meet 2015 Levels
...turning to Iran’s upstream sector. The lion’s share of receivables come from cash-strapped and crisis-hit Venezuela which owes the firm some €1.234bn. There does not appear to be an end in sight for the South American country as crude output fell to 2.27mn b/d in July, the lowest since April 2011. Th...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Egypt Receivables Hit Record $7.5bn
...riod. ^Petronas Numbers Are Estimated Based On Those For Partner BG. Source: Company Reports And Filings, MEES Calculations. ENI Egypt Production (Net) 2010 2011 2012 20...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Oman Retenders Five Exploration Blocks
...ly virgin block. Block 18, located in the North Sohar basin, was previously awarded to India’s Reliance Industries in a 2005 exploration and production sharing agreement. The Indian company relinquished the block in 2011 when its contract expired after failing to discover what it termed significant pr...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014 -
Protests Suffocate Libyan Oil Production
...tput stood at around 750,000 b/d, the first sub-1mn b/d monthly average since December 2011. There is no sign of any resolution to the crisis. State-owned NOC is yet to declare Force Majeure, but notes one trader: “Before NOC was saying, it would take a week to sort out, now it is clear they ha...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Lukoil Looks At Kirkuk Development
...0,000 b/d, it fell to 300,000 b/d by May 2011, and now is thought to have dipped below 250,000 b/d. The falls alerted state-owned NOC of the necessity to bring in outside expertise. Service firms Schlumberger and Baker Hughes were contacted in mid-2011 and exploratory talks with BP began in the be...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013