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Iraq Upstream Prospects Improve As Exxon Mulls Return
...censing round. Relations between Iraq and Exxon deteriorated after the firm controversially entered the Kurdistan Region in 2011, with Baghdad barring the major from bidding in subsequent rounds. By 2021, ExxonMobil was looking for the exit door, but the oil ministry repeatedly blocked Exxon’s attempts to se...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
NOC Eyes Russian Firms’ Return
...NOC sees its longer term output gains coming from new developments. But for this, it needs to persuade firms that have not been active in Libya since the 2011 war to return. On 5 October NOC all but announced Russia’s Tatneft had returned to Libya, welcoming “progress of seismic surveys be...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Kuwait Gets Light Oil, Gas Boost Despite More Political Turbulence
...in reality. The Jurassic liquids were originally classified as condensates, but subsequently reclassified as light crude in order to help Kuwait hit its target of 4mn b/d crude production capacity by 2020 (MEES, 11 April 2011). Of this, 3.65mn b/d is slated to come from KOC, with the remainder fr...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Egypt Gas Output Set To Hit 5-Year High By Year-End
...illing is planned before the end of the year (MEES, 18 August). Zohr’s discovery has been the catalyst in helping Cairo regain some of the trust from IOCs after receivables soared to $6bn-plus in 2013 amid economic meltdown after the country’s 2011 revolution. But Cairo is confident that its re...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Iran Caspian Swap Shop
...ighboring Caspian countries (MEES, 14 November 2011). Oil swaps were developed in the 1990s to mutually benefit both parties: Iran would import oil from nearby Caspian countries to supply its northern refineries, thus averting the costlier transportation of Iranian crude from southern fields; the Caspian co...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Tobruk Power Redux
...ised before an EPC contract begins, so further delay is likely. Turkey’s Enka Teknik has begun work to complete the 640MW Ubari power plant – also nominally gas-fired, but able to burn diesel – abandoned with Qadhafi’s 2011 ouster (MEES, 22 September)....
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Kuwait Sticks To 4Mn B/D 2020 Target, But Questions Remain
...ve been mostly ‘off’ as of late. Kuwait will likely find it difficult to recruit IOC involvement, in large part due to political wrangling: for example, Kuwait’s public prosecutor is investigating Shell’s $800mn consultancy deal with KOC to help develop northern Jurassic gas fields (MEES, 8 August 2011...
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 -
Noble Energy Leases New Drillship For East Mediterranean
...r the well is 7,400ms (MEES, 7 May). “High well pressure and the mechanical limits of the wellbore design resulted in the suspension of drilling operations before the primary objective was reached,” Noble said at the time. In November 2011, DMSE entered a heads of agreement with the pa...
Volume: 55Issue: 41Published at Fri, 05 Oct 2012