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Egypt Enjoys Unexpected Bid Round Success
...nority partner RWE by 2017, and is active drilling in other offshore acreage. In addition to Eni, compatriot Edison also now holds three contiguous East Mediterranean deepwater exploration blocks. The Italian firm signed up for the North Port Fouad block with Irish independent Petroceltic in the la...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Payment Problems, And Solutions
...ll raise production by 160mn cfd and 5,600 b/d of condensate by 2017. Dana plans to drill 37 new wells and do work over at an equivalent number of existing wells. The investment drive will result in 8-9mn barrels of additional condensate, says the firm. Italy’s Edison has come to a similar ag...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Algeria Bid Round Flatters To Deceive
...erator at Timissit with a 30% stake, with Shell holding 19% and Algerian national oil company Sonatrach taking up its mandatory 51% stake. The consortium plans to drill two exploration wells and conduct seismic surveys until 2017. While the block is not thought to contain any shale deposits, it lies cl...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Gulf Refinery Expansions Mean 1mn B/D Products Exports From 2015
...an’s benchmark crude deteriorates (MEES, 6 June). Aramco’s 400,000 b/d Jazan refinery is scheduled for start-up in 2017, having been slowed by consideration of a plan to expand a proposed 2.4GW power plant that will be linked to the refinery. Eventually Aramco returned to the original 2.4GW ca...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014