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Saudi Aramco Gas Output Leaps In Q2
...elds) and the more modest 75mn cfd Midyan plant in 2017. In order to be better able to meet domestic demand during peak periods, Aramco has also commissioned the Hawiyah Unayzah Gas Reservoir Storage facility. Aramco injects gas into the facility during low-demand periods, and once fully operational it...
Volume: 66Issue: 32Published at Fri, 11 Aug 2023 -
Iraq’s Output Hits Export Capacity Limits
...to a nominal 5.4mn b/d, in reality capacity is considerably lower due to storage constraints, inadequate pipeline capacity and insufficient pumping stations. A further 600,000 b/d-capacity terminal, Khor al-Amaya (KAAOT), has been offline since 2017 due to pipeline leaks. Perhaps wary of a re...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Kurdistan’s Shaky Outlook For Gas Exports
...The Kurdistan Regional Government (KRG) of Iraq has ambitious gas export plans. In 2017 it signed up Russian state firm Rosneft to construct a 30bcm/year pipeline to supply Turkey with gas by 2020 (MEES, 22 September 2017). But there is little sign of any progress on expanding the existing pi...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Egypt Falls Further Behind Oil Output Plan
...ntinue, at least in the short term as Apache slashes spending. Apache’s spending in Egypt was reduced to $107mn (including Chinese state firm Sinopec’s 1/3 stake in Apache Egypt) in Q2, the lowest quarter since 1Q 2017 and 35% down on the same quarter last year. Apache plans to reduce its average rig co...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Egypt Gas Output At Record Level
...bra and Taurus fields (MEES, 15 March). BP says Giza and Fayoum output is around 340mn cfd, implying around 360mn cfd from Libra and Taurus, a significant fall from the initial 700mn cfd the two fields produced when they were brought online in May 2017 (MEES, 12 May 2017). Phase 3 of the project, th...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Lebanon Bid Round: Second Time A Charm?
...ES, 4 January 2013) and, having fallen prey to a lengthy political crisis, only closed in October 2017 (MEES, 20 October 2017). With two exploration and production agreements (EPAs) penned in February (MEES, 16 February), Lebanon’s hydrocarbon fever is now on the rise. A consortium consisting of To...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
US Scales Back Output Growth Projections
...vestment to other basins, they still expect Permian output to keep growing. LATEST* US OIL FORECASTS (MN B/D): 2018 & 2019 OUTPUT REVISED DOWN 2017 2018 vs 17 20...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
China Trade War Threat To Us Exports
...om the US, also makes it even less likely that China will cut imports from Iran in response to US threats. Ship monitoring data indicates that China took over 700,000 b/d from Iran in July versus average 2017 volumes of 620,000 b/d. ...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Abu Dhabi Plans Further Offshore Reshuffling
...pplier (with just under 300,000 b/d for H1 2017), with Thailand in turn Abu Dhabi’s #3 customer (see data, p17). PTT has both production and development projects in Algeria and is a pre-qualifier for Iranian upstream awards. Russian state-firm Rosneft was prequalified for Adco but in the end didn’t su...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Egypt Oil Output: Apache Looks To Low Hanging Fruit For Output Rebound
...Whilst gas has grabbed the headlines since Eni’s mid-2015 Zohr discovery, oil production has remained on a downward trajectory. Egypt’s crude and condensate output averaged just 623,000 b/d in the first half of 2017, the lowest for any comparable period since 1981. Egypt was a net crude ex...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Iraq Makes Progress On Chronic Gas Shortage
...average 711mn cfd over the course of 2017 and plans to hit 1bn cfd the following year. So far this year, Iraq is certainly posting strong gains. Sales gas volumes are up 20% in the first half of the year to average 1.12bn cfd. The proportion of gas flared has fallen from 64.4% to 59.0% over th...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Offshore Exploration: What Chance Of A Rebound?
...cent Q2 results of taking advantage of lower prices to increase investment in long-term projects. Exxon plans to increase capex over the coming years – albeit modestly. “As a rule going forward we are sticking with around $22bn in 2017, slowly ramping up [to $25bn] through the end of the decade,” IR...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Eni Output Down In Q2 But On Course To Meet 2015 Levels
...ws (MEES, 5 August). For instance, on 24 May it declared force majeure on the Brass River crude stream following a pipeline attack. Speaking on the firm’s 29 July Q2 earnings call, CEO Claudio Descalzi attempted to paint a positive picture for investors, looking ahead to 2017 when the firm ex...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
WND Advances With Contract Award
...ter, are slated to produce 600mn cfd from late 2017. They are the furthest east of the five key fields to be developed as part of the WND project. As such they are the nearest to BG’s existing WDDM offshore infrastructure and will be connected to BG’s existing offshore Burullus tie-in structure via do...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Algeria Fields Start Up
...m, IPIC – 40%. The two projects have been subject to multi-year delays (MEES, 20 February). The next oil project scheduled to come online in 2017 is the Central Area Field Complex operated by Eni in the Berkine basin (MEES, 29 May). Algeria’s $90bn 2015-19 upstream spending plan of...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Iran Plans March Azar Start-Up
...anian year (20 March 2016-20 March 2017), senior reservoir engineer Keyvan Yarahmadi says. The field is thought to be a continuation of Iraq’s 3bn barrel Badra field which is operated by Russia’s Gazprom Neft. Current Badra output is 27,000-28,000 b/d, up from 15,000 b/d last year - though this is so...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Kuwait’s New Oil Minister To Push Through ‘Mega’ Projects
...ogress Lower Fars heavy crude, Ratga fields 270 2017 2030 Delayed Neutral Zone Wafra field, heavy crude $10-15bn 500 (Kuwait 25...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013