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KUFPEC Plants First Gulf Flag In North American Shale
...rth American upstream chief says. KUFPEC says that the results of wells drilled by Chevron and other firms with acreage in Kaybob are “comparable to the best in the US Eagle Ford shale play.” Chevron and KUFPEC will conduct a full appraisal drilling program between this year and 2017, to be followed by...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Kuwait Sticks To 4Mn B/D 2020 Target, But Questions Remain
...wait hopes that the northern field – which extends into Iraq, where it is known as Rumaila – will produce 60,000 b/d of extra-heavy 12-15° API crude by 2017. Output would be doubled by 2020 and boosted to 270,000 b/d by 2030. Originally, Ratga was scheduled to produce 150,000 b/d by 2013, ramping up to 90...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Majnoon And Rumaila Give Iraq Much Needed Production Boost
...e 12bn barrel Majnoon oil field in January 2010, when they submitted a winning bid to raise output from a baseline of 46,000 b/d to a plateau of 1.8mn b/d by 2017 for a remuneration fee of $1.39/B. A lower plateau extended over a longer period would squeeze margins and Shell, along with ExxonMobil (We...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Algeria Optimistic On Future Production Potential
...natrach foreign joint venture partners planned to return expat personnel to In Amenas, the gas complex that was the site of a deadly attack by Islamist militants in January. Another key expansion project is Petroceltic’s 355mn cfd Ain Tsila development, slated for late 2017 start-up....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Sonatrach Preempts Petroceltic Ain Tsila Sale
...rrels of condensate. First gas is scheduled for 2017. Petroceltic now owns 38.25% of Ain Tsila, whilst Italian power firm Enel has 18.375%. Petroceltic, following its initial 2011 farm out to Enel, has for some time sought to divest a second similar-sized stake: both to help fund development an...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
ENOC Forms Saudi Road Tankers Venture With Tristar
...sed in Jubail with initial capital of SR30mn ($8mn). ENOC-Tristar will begin with a small fleet of road tankers, expanding to 500 vehicles by 2017. It will also operate petroleum and chemicals storage facilities. Burhan al-Hashimi, head of ENOC Retail, said: “ENOC has built strong industry pa...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Algeria Launches Biskra Amid Problems For North African Refiners
...9bn). Algeria plans to tender for identical refineries at Biskra and Tiaret, and has set a 2017 start-up target for these and similar refineries at Ghardia and Messaoud. Minister of Energy and Mines Yousef Yousfi has also said that Biskra could form the core of a regional petrochemical hub (MEES, 15 Ma...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Nuclear: UAE Pushes Ahead, Iran Waits On Bushehr
...UAE/IRAN Nuclear: UAE Pushes Ahead, Iran Waits On Bushehr The UAE is making progress on 5.6GW of planned nuclear capacity set to come online during 2017-20. Emirates Nuclear Energy Corporation (ENEC) CEO Muhammad al-Hammadi told a 7 October Abu Dhabi public forum that the fi...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Majors Look To Cling On To ADCO Stakes
...oduction capacity to 1.8mn b/d by 2017 are still on track regardless, he added....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Gulf Turns To Unconventional Gas To Ease Shortage
...e Middle East and North Africa have 2,548 trillion cu ft of shale gas and 823 tcf of tight sandstone gas in place. Bahrain will face a peak gas demand deficit by 2015 and an average annual deficit by 2017, according to a presentation by 'Abd al-Abi Mukhtar, Manager of Deep Gas Exploration for st...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Egypt To Issue Tender For Construction Of Two BOOT Power Plants
...sis through the year 2010 in an effort to meet domestic consumption needs which are rising at a rate of 7-8% per annum. The 15 power plants should raise the country’s generating capacity to 12,750MW by the year 2002, 17,000MW by 2007 and 27,500MW by 2017 (for a survey of Egypt’s power sector, see ME...
Volume: 42Issue: 41Published at Mon, 11 Oct 1999