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Eni, Shell & OMV In Tunisia: Will They Stay Or Will They Go?
...llowing the 2011 revolution and brought online production from scratch. MAZARINE: SMALL FIRM, BIG PLANS Mazarine started its Tunisian operations (at the time its sole focus) in 2013, acquiring a 45% stake in the Zaafrane exploration permit in the southwest of the country. It struck oil there in 20...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Tunisia’s Upstream: Can It Emerge From A Lost Decade?
...Tunisia’s oil and gas output has been on a downward trajectory for almost a decade. Political instability unleashed following the 2011 revolution paralyzed the country’s upstream. But Industry Minister Slim Feriani has been battling to turn things around and is determined to see “the glass ha...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Egypt Gas Hub Ambitions Gather Pace
...ter peaking at 6.22bn cfd in December 2011, gas output dwindled as demand increased, falling to a nine-year low 3.89bn cfd in May 2016. The 2011 revolution played its part in scaring off investors, but it was unfavorably low gas prices paid by the state, growing dues to IOCs which ballooned to $6.4bn at...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
East Med Gas Development: Hang Together Or Hang Separately
...diterranean deepwater. With the exception of Egypt’s 24 tcf Zohr, which has a hungry domestic market to sate, and Israel’s 10 tcf Tamar, which alone meets 55% of that country’s power demand, other finds – such as Cyprus’ 2011 5 tcf Aphrodite – have struggled to get anywhere near development. The jury remains ve...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Cyprus Drilling Plans: Make Or Break?
...The next 15 months could be make or break for any hopes of discovering large quantities of gas offshore Cyprus beyond 2011’s 5 tcf Aphrodite, which currently looks stranded. Eni and ExxonMobil each plan two wells on their offshore Cyprus permits by end-2018 (see table). In the absence of di...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Libya: Peace Elusive After A Year Of UN Talks
...unch military offensives to coincide with UN peace talks. There are similarly militant groups within Libya Dawn that (as at almost any point since 2011) see little incentive to lay down their arms. OIL SECTOR STILL STRUGGLING Politically too, engagement with UN plans for a national unity go...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Egypt Enjoys Unexpected Bid Round Success
...om adapting its prices, Egypt also appears to have overcome the political volatility the aftermath of the Arab Spring in 2011. The protests following the ouster of President Muhammad Mursi and his Muslim Brotherhood government by the army last year were quickly suppressed, and this June’s election of mi...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Egypt Looks To Turn Page On Bureaucratic Delays
...litical upheaval in the country is not causing further delays in the oil sector. The bid round, launched in 2011, was a show of confidence in Egypt’s energy sector that surprised some observers, given the turmoil of the Arab Spring and the parsimonious terms granted to oil and gas producers. The bl...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Syria Output Only 18k B/D
...rms having declared force majeure and pulled out of Syria (MEES, 14 September 2012). The minister attributed the sharp drop in production (from an average of 380,000 b/d before the start of the uprising in March 2011) to damage caused by armed rebels attacks on oilfields, pipelines and other fa...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Sudans Make Oil Export Breakthrough
...sues, and claims on land and nomadic grazing rights contribute heavily to the volatility. By way of a protocol, the 2005 Comprehensive Peace Agreement (CPA) granted the region a January 2011 referendum to decide whether it joined the South, or remain under the North’s jurisdiction. Yet with preparations fo...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...to effect in 2006 saw a total of 36 blocks offered. All three rounds were failures to a lesser or greater extent. In 2008 only four blocks were awarded, in 2009 only three (including to Thailand’s PTT – see page 7) and only one block was awarded (to Cepsa) in the most recent 2011 bid round; Sonatrach to...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
...troVietnam’s Bir Seba project is set for early-2014 production. PTT has so far notched up four, albeit modest, successes among the five wells so far drilled in its nine-well late 2011 to early 2013 exploration program on the Berkine Basin’s Hassi Bir Rekaiz block. A sixth well is due to be sp...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Qasemi Reverses Decision on NIGEC’s Dissolution
...iginally taken by Mr Qasemi’s predecessor, Massoud Mirkazemi, in 2011. A former senior NIOC executive told MEES that Mr Qasemi has accepted – despite NIOC protests – the committee’s recommendation “because the effects of Mirkazemi’s decision were not thoroughly studied.” The executive added th...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Jordan Signs MOU With Canadian Firm For Shale Oil Project
...to 15,000 b/d of crude from shale. KIO is a wholly-owned subsidiary of Jordan Energy and Mining of the UK (MEES, 28 March 2011). Lastly Shell has plans to produce crude from the eastern desert in Jordan within the next two decades (MEES, 27 July 2009). Jordan currently imports about 98% of its en...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Libyan Output At 1.6Mn B/D But Gas Stuck At Two-Thirds Capacity
...oduction (mn b/d) Source: NOC from Jan 2012, MEES assessments Oct-Dec 2011. September production is unlikely to top August volumes given a 4 September fire at the Harouge-operated Amal field. This shut in up to 100,000 b/d of Sirte Basin production early in the month. Pr...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012