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Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
...Tony Blair (MEES, 4 June 2007). BP pledged to invest $900mn drilling 17 wells. Following several false starts, it was about to drill its first well in February 2011 when the revolution that saw the ouster of Gaddafi kicked off. Though the UK major did dust off plans in 2012 amid a brief period of...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Libya’s One Million Barrel Question
...gitimacy to rule Libya. Several power-hungry players have held the oil industry hostage to their political ambitions since the overthrow of Muammar Gaddafi in 2011. This time is no different and there is no end in sight. ...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
Libya Output Nears 500,000 B/D; Can The Gains Continue?
...adames basin, which has a capacity of about 10,000 b/d. Majid has production capacity potential of about 4,000 b/d, down from about 10,000 b/d prior to 2011. Crude from Nafoora shipped via the Ras Lanuf terminal prior to the declaration of force majeure on the port, while the Hamada field typically su...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Israel Struggles To Attract Interest In Offshore Acreage
...ars back in 2012 for his role in the 2005 deal to send Egyptian gas to Israel, a deal that was terminated following the 2011 ouster of former president Husni Mubarak (MEES, 30 April 2012). Though Mr Fahmy was last year released on appeal, this will hardly fill anyone signing a deal with Israel with an...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Iran, Oman Sign Gas Export Pipeline Contracts, Eye 2018 Start-Up
...owing to Oman by 2018 at the latest, Mr Zanganeh said. But that will be wholly contingent on Muscat and Tehran’s ability to successfully navigate the often muddy waters of price negotiations. The two countries came agonizingly close to signing a gas supply deal in 2011, only for talks to break down at...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Urgency Of Peace In South Sudan Undermined By Persistent Divisions
...vernment is due to a combination of factors. In recent months, Juba has fallen behind with payments of $24.1/B due to Sudan in return for the use of its oil export infrastructure and in compensation for the loss of Sudanese oil resources, when South Sudan became independent in July 2011. In an effort to...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Libya’s Fragile Oil Recovery Continues
...tuation threatens to instantly reverse Libya’s output recovery. Production dipped as low as 150,000 b/d earlier in the year, but had been at 1.5mn b/d last July prior to the shutdown of the eastern terminals, a remarkable recovery from the almost total outage during the 2011 revolution, and only just shy of...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Fresh Fighting Threatens Remaining South Sudan Oil Output
...minating relations between the two nations for the first 18-24 months of the South’s independence from Sudan in July 2011. Tensions eased towards the back end of 2013, only to resurface this year, following the rebel leader Riek Machar’s visit to Khartoum in July. Khartoum is yet to give any official re...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Obstacles For Qatari Crude Boost As QNB Sees 800,000 B/D By 2017
...oduce 889,000 b/d by the end of 2011, with production capacity reaching 1mn b/d. This was a downward revision from QNB’s position in 2009, when it said production would reach about 1.06mn b/d by the end of 2010. In 2004, when Qatar produced 755,000 b/d, QNB foresaw the country’s capacity in...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Egypt: Billion-Dollar Exploration ‘Commitments’ Fail To Disguise Delays
...2015 as the start of construction of the onshore gas treatment plant – which had been slated to begin in 2011 – was delayed as residents in the coastal town of Idku protested the plant’s proposed location. Construction is only now starting to move ahead. The WND project involves the development of di...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Chevron Neutral Zone Delay Jeopardizes Kuwait 2020 Crude Target
...sting $330mn in the first two years. The original projections were: a production capacity boost to 300,000 b/d; capital expenditure to start the project put at $10bn; and the FID in 2011. After more delays it is now planned for 2016. Full field development will include 10,800 wells, a 1.5mn b/d water tr...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Yemen Seeks Proposals For Offshore, Onshore Blocks
...l exploration had thus far been kept to a minimum, he told Yemen’s SABA news agency. Yemen has proven oil reserves of around 2.7bn barrels as of end-2011, according to BP’s 2012 Statistical Review of World Energy. Production in 2011 was estimated at only 228,000 b/d, down 24% from the previous ye...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Cyprus Nears Exploration License Awards, Says Minister
...ture. The new awards are expected to invigorate the island’s nascent hydrocarbon sector, which got its start with Houston-based Noble Energy’s winning of Block 12 in 2008. It subsequently discovered 5-8 tcf (141-226 bcm) of natural gas in December 2011. New EU Gas Source According to Mr Sy...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Delek Considers Offers For 30% Of Leviathan
...rael cope with a gas shortage created by a halt in 2011 of deliveries of Egyptian natural gas. Meanwhile, Canada’s GeoGlobal Resources has reported that no hydrocarbons have been discovered at the Myra-1 well, where expectations of a new discovery had been high. GeoGlobal is partnered with Is...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Shell Starts Drilling For Shale Gas In Southeast Turkey
...trobras, but with little success. Recently there have been some important gas discoveries made offshore Bulgaria and Romania. Last November Shell signed a farm-in agreement with TPAO for three offshore blocks in the Mediterranean Sea south of the coast city of Antalya (MEES, 28 November 2011, 21 No...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
TPAO Completes Well In Turkish Cyprus, Plans Second
...d ‘Cyprus Problem’ be found. Turkey also claims that the Turkish-Cypriot administration has awarded to TPAO for exploration the offshore area south of the island that comprises that section of the Cyprus EEZ that was included in the licensing round.Noble Energy discovered in Block 12 in December 2011...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012