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Germany’s Covestro Confirms Adnoc Takeover Talks
...quisitions. In 2017 it launched an aggressive $109bn downstream investment strategy, within which it set a target of more than tripling petrochemicals capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). While Adnoc has not outlined any new target figure, it is clear that the firm is pushing to go far be...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Oman’s OQ In $1.4bn Upstream Sell-Off
...en highly active at Block 60 in recent years. Output increased by 12,000 b/d year-on-year to a record 61,000 b/d for 1H 2023. The gains were driven by the Bisat oil field which was first discovered in 2017 and now has production capacity of 60,000 b/d (MEES, 27 January). Conversely, gas was down from 35...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Eni Spuds Key Morocco Wildcat
...ast (see map). MOROCCO GAS EXPLORATION & INFRASTRUCTURE Though the well, spudded by the Topaz Driller jackup in 100ms water depth, is the first since the block was awarded to Eni in 2017, both Portugal’s Galp and UK independent Cairn drilled nearby wells la...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Sonatrach Cuts Flaring As New Processing Plant Starts Up
...ripheral fields is perhaps 300,000 b/d. Plans to bolster output have taken two forms: the tie-in of peripheral fields, and increased use of advanced recovery. HGA ticks both boxes. The plant, delivered by India’s Dodsal under a $1.08bn 2017 EPC contract, processes output from several satellite fi...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023