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Oman’s OQEP Eyes New Gas Discovery In Upstream Reshuffle
...40%, OQEP 30%, PTTEP 20%, Petronas 10%) home to the massive 1.5bn cfd Khazzan & Ghazeer tight gas development. In 2014 it acquired a 40% interest in the gas giant before divesting 10% to Malaysian state firm Petronas in 2018 (MEES, 26 October 2018). BOOSTING BLOCK 60 Despite its ga...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
...relative stability (MEES, 4 June 2012), these never came to fruition. BP declared force majeure in 2014 and in 2015 wrote off the $598mn it had spent up till then on its sole Libya assets (MEES, 31 July 2015). However, Eni, unlike BP which has no production in the country, retained Libya as a co...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Abu Dhabi Field Startup Paves Way For New Crude Grade Launch
...me since 2014. The Joint Ministerial Monitoring Committee (JMMC) of the Opec+ agreement met in Algiers on 23 September and opted against increasing production limits. But apart from marginalized Iran, any UAE production increases are unlikely to prompt complaints. Umm Lulu output had been ex...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Iraq’s 200,000 b/d Halfaya Boost: Is There An Outlet?
...July 2014 from 535,000 b/d to 400,000 b/d alongside similar adjustments to Iraq’s other major foreign-operated fields (MEES, 5 September 2014). Once Halfaya production hits full capacity – likely by early 2019 – it will become the first of Iraq’s main foreign-operated fields to do so, although it...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Qayara Production Resumes
...eld was captured in 2014 and subsequently operated by IS (MEES, 17 October 2014). It suffered extensive damage to its wells and infrastructure as IS retreated following Iraq’s operations to retake the area in August 2016. Given the extent of the damage and the fact that Qayara previously peaked at 20...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
BP Start-Up Of 1Bn Cfd Khazzan Field Gives 20% Boost To Oman Gas
...15 2015 2014 2013 Industry 15.94 -0.02 15.96 23...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Libya Output Nears 500,000 B/D; Can The Gains Continue?
...ieste, Italy, linked by pipeline to OMV’s Schwechat refinery near Vienna (MEES, 23 September). The Ras Lanuf and Es Sider terminals have been shut in since the declaration of force majeure on 14 December 2014. The Es Sider terminal will take additional time before it is ready to come back on stream due to...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Israel Struggles To Attract Interest In Offshore Acreage
...ble and Delek’s fanfare surrounding the deal and how it could pave the way to the sanctioning of Leviathan, it is worth recalling that a letter of intent with almost identical terms was signed in September 2014, before being canned just over a year later, when Jordan’s Energy Minister, Ibrahim Saif, un...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Increasing Fuel Supplies Top Of New Egyptian Oil Minister’s Agenda
...nd, the Suez Canal expansion and the follow-through on pledges made during the Economic Development Conference in March (MEES, 17 April). Egypt also returned to international markets with the issuance of a $1.5bn Eurobond, while growth has “rebounded to 4.2% in 2014-15, and inflation has de...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Iran, Oman Sign Gas Export Pipeline Contracts, Eye 2018 Start-Up
...art of gas exports to the gas-hungry sultanate by early-2018. Mr Kameli said the project would involve the laying of 400km of pipeline, of which approximately half would be subsea. This is up from earlier estimates of 260km given early last year (MEES, 14 March 2014). The line would roughly ex...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Urgency Of Peace In South Sudan Undermined By Persistent Divisions
...ternational prices, and a dwindling share of output means that South Sudan’s crude oil income has collapsed beyond all recognition. In November 2013, the last full month of South Sudanese production, government oil earnings were more than $200mn, while the 2014-15 budget envisaged monthly spending of more th...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Libya’s Fragile Oil Recovery Continues
...ort of budgeted expectations. Revenues for the first eight months of 2014 were a mere $11bn, only 22.7% of the budgeted figure for the whole of 2014. Libya Refinery Runs (Mn B/D) Libya: Key Oil And Gas Infrastructure...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Fresh Fighting Threatens Remaining South Sudan Oil Output
...pears to be their second major assault on the Palogue and the Upper Nile fields since early 2014. SPLA-IO forces made their first push to capture Palogue in March, but were forced to retreat after suffering a series of setbacks elsewhere in the state. Palogue and a number of nearby fields in Upper Ni...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Obstacles For Qatari Crude Boost As QNB Sees 800,000 B/D By 2017
...veral obstacles in realizing 800,000 b/d by 2017. Large-Scale Investment Plans QP is implementing a $6.6bn development plan between 2010 and 2014, according to the QNB report. As Qatar concentrated on flagship LNG projects, it under-invested in oil production, eventually falling behind Om...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Egypt: Billion-Dollar Exploration ‘Commitments’ Fail To Disguise Delays
...lays Pre-revolution late 2014 project approved 19 July 2010 Nov-11 mid 2015 protests delay gas plant construction May-12 Q2 20...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Chevron Neutral Zone Delay Jeopardizes Kuwait 2020 Crude Target
...madi port. However, the push to get to 800,000 b/d by 2014 would be a major advance on a previous plan – in 2010 KOC said northern fields’ capacity will hit 820,000 b/d by 2020. And it would be despite KOC steadily dropping northern fields’ heavy oil targets in recent years from 900,000 b/d by 2020 to 27...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012