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Oman Awards Northern Tight Gas Play In Bid Round
...2017 with cumulative output of 44,000 barrels on extended test, but which quietly abandoned the asset before last year’s bid round. The ministry says that in total four exploration wells and one appraisal well were drilled on the block between 1993 and 2017. Two formations indicated the pr...
Volume: 67Issue: 36Published at Fri, 06 Sep 2024 -
RAK Strikes Gas At Block 5
...ocessed volumes from Saleh. Khor Khwair has also previously processed gas from Oman’s nearby Bukha and West Bukha fields, until the sultanate commissioned its Musandam gas processing plant in 2017. Khor Khwair has also processed volumes from the nearby Umm al-Quwain gas field, where Norwell Engineering la...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023 -
Egypt Gas Grows Ever More Dependent On Zohr
...t whilst output has risen every year since its December 2017 start-up, recent problems saw Zohr output slump from the record 2.96bn cfd hit in Q1 2021 to just 2.60bn cfd for Q2 (MEES, 13 August). And even for the 2020-21 financial year, whilst Egypt’s overall gas output grew 6% to 6.55bn cf...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Egypt: Key Shell Offshore Gas Project Faces Uncertainty
...condensate during the 2019-20 financial year to June, a far cry from the 1.3bn cfd it produced in 2013. Years of under-investment and over-drilling saw output collapse to around 200mn cfd in 2018. Phase 9b was finally sanctioned in 2017 although it was only 12 months ago that the phase’s nine we...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Egypt Oil Targets Recede Into Distance
...clared force majeure on the plant’s ongoing 60,000 b/d expansion (MEES, 24 July). And the country’s other key ongoing expansion, a new 48,900 b/d hydrocracker and 14,900 b/d naphtha upgrader at the 90,000 b/d Asorc refinery in Assiut, southern Egypt (MEES, 15 September 2017), has the same main co...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Russia’s Stroytransgaz Bags Iraq E&P Deal
...s Block 12 in Muthanna province. Rosneft acquired the block through its controversial takeover of operator Bashneft in 2017. Russia, and in particular Stroytransgaz, is also picking up upstream assets in eastern Syria, which Anbar province borders. Stroytransgaz will be keen to replicate its co...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Russians Grab Syria Acreage
...portant backer of the government in Syria’s eight year civil war, and now aims to secure repayment. It is widely expected to win lucrative contracts as Syrian President Bashar al-Assad looks to rebuild the economy (MEES, 22 December 2017). Russia’s Stroytransgaz, which was awarded acreage in Iraq this we...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Egypt: Key Oil JVs Plan Output Hike
...nuary and July this year, the highest since late 2017: but this is still 27% below 2010 levels. One of the key producers in the region is BP, via its Gupco operations. These are in the process of being taken over by Dragon Oil, a subsidiary of Dubai state firm Enoc, in a deal worth an estimated $500mn (ME...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Algeria’s Gas Projects: Playing Catch-Up
...me Algeria hit that record, none of the three projects that comprise SWGP had come online. The Repsol-led 2.9bcm/y Reggane Nord started-up in late 2017 and Total’s 1.8bcm/y Timimoun tight-gas project in early 2018. The largest element, the 4.5bcm/y Neptune Energy-operated Touat project, was on the cu...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Oman Eyes Exciting Oil Potential As Production Limits Ease
...ec+ deal, output has edged up in 2018. Mr Rumhy put the reduction from the November 2016 record at “around 40-45,000 b/d,” although if anything this is a conservative estimate with November 2017’s 963,000 b/d more than 50,000 b/d below November 2016’s 1.015mn b/d and 7,000 b/d below Oman’s allocation of...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Oman Eyes LNG Expansion As It Deals With Newfound Gas Abundance
...an’s LNG exports had been in doubt; Mr Rumhy says the Sultanate had considered turning to LNG imports in addition to the 2bcm/y it already imports from Qatar at discounted rates through the Dolphin pipeline. Oman’s eight LNG customers for 2017 imported a collective 8.24mn tons (the discrepancy with ex...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Iraq Crude Exports Smash Record As Protests Grip Basra
...likely that a substantial increase would be sustainable (MEES, 6 July). Iraq previously ramped up southern exports in late 2017, culminating in a record 3.53mn b/d in December. But the pressure took its toll and by April volumes were down at 3.34mn b/d as the ageing pipeline to the decrepit Khor Al-Am...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Rosneft At Vanguard Of Russian Firms’ Mena Advances
...so included Trafigura, bought out 98% of India’s Essar Oil for $13bn. Rosneft has 49% of the company. Essar imported an average 151,000 b/d from Iran in the first seven months of 2017 according to Reuters, down 5% from the same period last year, some 42% of its total crude slate. India is Iran’s se...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Oman Maintains Upstream Spending Despite Revenue Collapse
...mains on track for completion in 2018, the company said at the presentation of its first half results last week. Petrofac’s other upstream projects in Oman – the Yibal Khuff integrated oil and gas facility (2020), and the Khazzan central progressing facility (2017) – also remain on schedule. But co...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
BP Agrees Lower Rumaila Plateau As West Qurna-2 Ramps Up
...okesman for BP, operator of Rumaila, Iraq’s largest oil field, confirmed that a final agreement on lowering PPT for Rumaila had been signed in the presence of CEO Bob Dudley on 4 July. The plateau has been revised down to 2.1mn b/d from a previous 2.85mn b/d, originally scheduled for 2017. “We are ve...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Qatar’s Barzan Gas Faces Delay
...ntinue to enjoy surplus gas in the domestic market through 2017 (MEES, 13 December 2010). Liquids Boost Construction of the first train is 95% complete, according to RasGas. In addition to the gas increment, the project will boost Qatar’s condensate and NGLs production: Barzan’s gas is very wet an...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Egypt Bid Round Yields First Results
...derway: last month, work began on expanding the Midor refinery, which will add 60,000 b/d in capacity from 2017, whilst a massive upgrade to the Cairo refinery is set to half diesel imports. Egypt Fights Gas Deficit While the shortage in petroleum products is rooted in downstream deficiencies, Eg...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Leviathan Development Gathers Pace As Partners Sign Third Sales Deal
...serves, 6.6tcf Is Earmarked For Phase 1 Development. ^Tender Closes November 2014. Tamar: 2bn Cfd By 2017 At Tamar, Noble’s other key Israeli offshore field, Noble says it will double capacity to 2bn cfd by the end of 2017. Indeed debottlenecking recently raised Tamar’s capacity by 10% to 1.1bn cf...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Iraq: New Field Start-Ups Offer Some Respite From Recent Woes
...veloped by a consortium led by Malaysia’s Petronas in partnership with Japan’s Japex and the state-owned South Oil Company. It had been due to start up in mid-2013 at a rate of 50,000 b/d and ramp up to its plateau of 230,000 b/d by 2017. However, despite delays attributed mainly to difficulties ob...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Abu Dhabi Drives Offshore Oil Development
...pacity to 3.5mn b/d. Delays to offshore production mean Abu Dhabi’s long-standing overall 3.5mn b/d production target has been pushed back from 2017 (MEES, 21 June). Abu Dhabi’s other offshore consortium Zakum Development Company (ZADCO – state-owned Abu Dhabi National Oil Company – ADNOC 60%, Ex...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013