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Turkey Deployment To Reshape Syria Conflict
...fineries or ‘exported’ to regime-held areas. Estimates of current output from the Kurdish-held region vary. But MEES puts current production at 60,000 b/d. SDF operations against Islamic State militants saw Kurdish forces take nearly the entire east bank of the Euphrates in the second half of 2017. The ar...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Egypt, Ethiopia Hit Dam Deadlock
...uld prove to be a blessing in disguise, giving Ethiopia and Egypt time to come to a compromise. Slated to be complete in July 2017, the most recent delay came in April last year when Ethiopia’s newly elected Prime Minister Abiy Ahmed launched investigations into key projects awarded by his pr...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Aramco Eyes Major Ethylene-Based Texas Expansion
...creasingly in demand in the automotive market (MEES, 28 July 2017). Satorp refinery already has aromatics capacity, delivering up to 1mn t/y of paraxylene, benzene and propylene. The Satorp partners are building an 800,000 t/y polyethylene plant as part of the integration, but are offering some of the cr...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Iraq: Aging Infrastructure To Hinder Basra Gains?
...Cs operating the region’s supergiant oil fields. Iraq’s difficult contract terms, however, remain a perennial snag (MEES, 22 September 2017). BP, which operates Iraq’s largest field, the 1.5mn b/d Rumaila field (BP 47.63%, PetroChina 46.37%, SOMO 6%), is currently in talks with Iraq’s oil mi...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Lukoil Optimistic On Eridu
...Perhaps Iraq’s most promising new asset is the Eridu field (Lukoil 60% op, Japan’s Inpex 40%) located south of Gharaf in Block 10. The discovery was confirmed in early 2017 (MEES, 3 March 2017) and produced 6,000 b/d crude flows from its Mishrif reservoir during appraisal testing. Lu...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Burgan Dip Hampers Kuwait Oil Production Capacity Growth
...Production capacity in Kuwait edged up just 1,000 b/d in 2017-18 (to end-March) according to latest figures from state firm Kuwait Oil Company (KOC). An apparent dip in capacity at the flagship Burgan field offset the 80,000 b/d gains from Kuwait’s northern Jurassic fields resulting in ov...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Omani Oil Output Nears 1mn B/D Mark, Revenues Soar
...lumes coupled with rising prices. MEES estimates that crude and condensate export revenues brought in $1.98bn in September – the highest figure since December 2014. 3Q’s sum of $5.63bn is up $2.09bn year-on-year - nearly 60%. Year-to-date revenues are up 35% on the same period in 2017, which will he...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Total Signs Up For Algeria Expansion
...laise affecting Algeria’s gas sector. Despite the start-up of a key Repsol-led field (2.9bcm/year Reggane North), sales gas volumes edged down to 94.5bcm for 2017 (MEES, 7 September). Delays elsewhere mean output may decline this year despite the February start-up of the 1.8bcm/y Timimoun field: first ga...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Qatar Drilling Tender Imminent
...ss as an export terminal. The timeline has slipped slightly as Mr Kaabi told MEES in December 2017 that “all the bids are in now and we are evaluating these. By the first or second quarter next year we will decide with our partners what we want to do” (MEES, 8 December 2017...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
DNO All In On Iraqi Kurdistan As Output Soars
...ne 2017 start up. With DNO riding high on production gains and higher oil prices, the company is also poised to begin drilling at Baeshiqa (DNO 32% op, ExxonMobil 32%, Turkish Energy Company 16%, KRG 20%). The firm finalized its acquisition of its 32% stake from ExxonMobil in April (MEES, 4 May). Th...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Oil Markets Enter The ‘Red Zone’
...iversally bullish on the future of Brazil’s deepwater ‘pre salt’ output, delays and a heavy maintenance schedule mean this year’s output has been down on 2017 (MEES, 7 September). August’s output, at 2.52mn b/d was the lowest in more than two years. However the continued ramp-up at new pre salt FPSOs ma...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Libya Looks To BP/Eni Deal To Unlock Upstream Investment
...nditions allowed. But as a company with no production or other assets in Libya it had never judged the timing opportune. How to square the circle? …BUT ENI EYES BIG REWARD Enter Italy’s Eni, Libya’s biggest producer with 384,000 boe/d of output for 2017 (mostly gas) and a proud record of...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Oman Eyes Big Solar To Reduce Reliance On Gas-Fired Power
...pacity of 1.55GW put renewables in second place, with the remainder comprising a “clean coal” project and the Misfah IPP, for which the fuel has not been specified (see chart). At the end of 2017 Oman had just 8MW of renewables power generation capacity, according to Abu Dhabi-based renewable energy ag...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Drilling Tie-Ups Focus On Mideast
...ntracts in the kingdom (MEES, 13 January 2017). The deal will create “a leading offshore driller by fleet size, geographic presence and customer base, with 82 rigs spanning six continents and collectively serving more than 35 customers, including the largest national oil companies, international ma...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Saudi-Bahrain Pipeline Completed
...arded the $4.2bn EPCC contract for the long-planned Bapco Modernization Program in late 2017, with contractors anticipating completion in 2022 (MEES, 8 December 2017). ...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Crude Official Selling Prices ($/B): Gulf Producers Raise November Asia Prices For Key Grades To Near 4-Year High
...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE....
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Kuwait Gets Light Oil, Gas Boost Despite More Political Turbulence
...tra Light (38°API, 1.2% sulfur). Thailand’s PTT is a key buyer of Qatar Land whilst Japanese refiners are the key customers for the other two grades taking 580,000 b/d of Arab Extra Light and 296,000 b/d of Das Blend in the first eight months of 2017. Kuwait currently has just one export grade, 31°AP...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Kufpec Hit From Bongkot Sale Collapse Overshadows LNG Start-Up
...aving Kufpec even further from its 2020 target of 200,000 boe/d. It’s 2017 output without Bongkot (the purchase of which was to have been backdated) is now set to be just 82,000 boe/d (see chart). Kufpec’s attempts to buy its way to output growth with backdated purchases saw it recently agree to pa...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Egypt Gas Output Set To Hit 5-Year High By Year-End
...an the Russian state firm will have to contribute some $1.2bn towards development, which comes to more than it has paid for the stake. ZOHR PRODUCTION PROFILE: ENI FLAGSHIP ALMOST READY FOR START-UP *OFFICIAL START-UP (1BN CFD FROM 6 WELLS) SLATED FOR ‘END 2017,’ 14 ADDITIONAL WELLS ARE SL...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Libya Gives Up On Output Target Amid $126bn Losses But Hopeful On Exploration
...ars, while NOC has received only 25% of its 2017 budget, he says. Lack of cash has compounded the losses: the NOC chief claims that on a recent day output was 90,000 b/d lower than it would have been due to a lack of money, without specifying which fields he was referring to. Despite these ch...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017