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BP Signs 5-Well Egypt Deal
...diterranean, where all recent key drillings have taken place. While the rapid decline at WND, which started up in 2017 with the Phase 1 Libra and Taurus fields, will be a sore disappointment for BP, it now provides an opportunity to tie-in nearby finds, given that the development has infrastructure ca...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
Indian Oil Signs Up To Ruwais LNG
...w Delhi by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, where he met Indian Prime Minister Narendra Modi. During the visit, Adnoc also signed a strategic framework agreement with Indian Strategic Petroleum Reserve Limited to extend its existing oil storage agreement. In 2017, Adnoc signed an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
BP Readies Egypt Gas Boost
...BP is preparing to bring online two additional wells on its North Damietta license in the Egyptian Mediterranean. At both the 2017 Qattameya discovery in 108ms water depth (MEES, 30 August 2019), and the Atoll-4 well drilled late last year (MEES, 13 December 2019) “preparation for pr...
Volume: 62Issue: 37Published at Fri, 11 Sep 2020 -
SOCO Hikes Egypt Output
...co’s first quarter in charge. Soco blames “underinvestment… in previous years” for a sustained slump from 7,900 b/d for 2017. It sees a “clear near-term opportunity to reverse the decline and then steadily improve the production level,” targeting 15,000 b/d by 2023. On 16 July Soco added a second dr...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Tunisia Field Hit By Strikes
...plement a set of demands agreed on 20 August. El Borma, the country’s oldest and largest producing oil field, has now been shut-in at least three times by strikes this year. And this came on the back of summer 2017’s wide-ranging strikes that crippled output at Tunisia’s southern fields (MEES, 2 June 2017...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Turkey Eyes Sudanese Oil
...troleum Corporation (TPAO) will explore for oil in an “area” yet to be disclosed. In addition, Sudan has designated 780km² of land for Turkish agricultural companies to develop. Trade between Turkey and Sudan was $480mn for 2017, down from 2016’s $510mn according to Turkish central bank data, re...
Volume: 61Issue: 37Published at Fri, 14 Sep 2018 -
Korea Oil Imports: Algeria, US Gain From Iran Slide
...rea leapt to 11th place among Algeria’s export markets for the first seven months of 2018, with January-July earnings (ie without the latest record month) just shy of the whole-year 2017 figure of $692mn (MEES, 31 August). Korea imported a record 889,000 tons (209,000 b/d if crude) from the US in Au...
Volume: 61Issue: 37Published at Fri, 14 Sep 2018