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Libya’s Oil Exports: What’s At Stake?
...LER, MEES ESTIMATES. EUROPE STILL DOMINANT To be clear Libya’s key market remains Europe which at 844,000 b/d accounted for three quarters of the country’s exports in the first eight months of the year – its highest share since 2017 according to data intelligence firm Kpler (see chart 1). Mo...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Adnoc Adopts Targeted Approach In Search For Unconventional Partner
...ake in the Upper Zakum offshore oil field, where the partners target 1mn b/d by 2024 (MEES, 17 November 2017). In 2019 the respective CEOs announced that they had discussed “substantial new conventional and unconventional exploration opportunities in Abu Dhabi.” DRILLING EXPANSION Un...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
US Shale Output Tops 8mn b/d, Are The Gains Sustainable?
...d of this month. The last time the Permian DUC count was at 2,000 was in December 2017 when Permian output was just 2.88mn b/d, almost 2mn b/d below current levels. Clearly there is a limit to how long this DUC drawdown can continue. Well drilling and completion (fracking) are carried out by se...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021