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EOG To Bring ‘Unconventional’ Know-How To Oman’s Upstream
...teral well. It says the Rhuddanian sand “is hydrocarbon bearing” in two of Block 36’s previously drilled wells – Al Hashman-1 and Burkanah-1. The Canadian firm flagged up further cause for optimism based on an analogous “discovery in a nearby block made in late 2017 and currently under development.” Th...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
Chinese Takeover For Cash-Strapped Kuwait Energy
...l of the firm’s 62,300 boe/d net production in 2017 (primarily gas). The firm also closed its $192mn purchase of OMV’s Pakistan assets in June this year adding a further 42mn cfd and 550 b/d to its net production. KEC’s portfolio consists of 10 assets. Four producing oil blocks in Egypt account fo...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Tamar Downtime Is Wake-Up Call for Israel
...neration fuel mix for 2017, with coal 37-38% and renewables the remaining 2-3%. In the absence of Tamar gas, Israel had to switch in diesel and fuel oil (see chart). In case of a longer outage it also has the option of importing LNG via a receiving buoy offshore the northern port city of Hadera. It is st...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
IOCs Stall KRG Investment On Renewed Payment Concerns
...invest $71mn at Shaikan over 2016 and 2017 ($35.5mn/year) to maintain production at 40,000 b/d, rising to $88mn to increase this to 55,000 b/d. Some $13mn of the additional spend would be for a third production facility. Investment is therefore $3.4mn below the level needed to maintain output an...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Total Turns The Screw On Spending In New Strategy For $60/B Oil
...t capex further to $20-21bn, before “returning to a sustainable level of $17-19bn from 2017.” Mr Pouyanné said that “in a commodity business like oil and gas, we have to be excellent at what we control. We cannot control the price of oil and gas, but we can control costs and allocation of ca...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Iran’s New Oil Investment Contract To Get First Unveiling In Tehran
...ominently on the list, many of which will be critical in the country’s plans to boost oil production capacity from around 3.5mn b/d currently, to 5.7mn b/d by 2017-18. Mr Zanganeh said this month that Iran’s production capacity will hit 4.2mn b/d by end-2016. “New contracts with foreign companies will be...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
GE Expands MENA Presence With Algeria And Saudi Deals
...ant in Algeria, at an estimated cost of $200mn, Algeria’s state news agency APS announced on 23 September. Sonelgaz will hold a 51% stake and GE 49%. Sonelgaz CEO Noureddine Boutarfa told state radio that the plant would become operational in 2017 and would have a capacity to manufacture six to eight tu...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013