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Libya’s NOC Announces New Sirte Basin Discovery
...ospect, where OMV last year started its first drilling campaign in Libya since the 2011 revolution (MEES, 1 November 2024). At a depth of 10,476 feet (3,193 meters), the exploratory well is expected to produce “more than 4,200 b/d of oil and around 2.6mn cfd of gas,” says NOC. Block 4 of Area 106 ad...
Volume: 68Issue: 44Published at Fri, 31 Oct 2025 -
Libya Exploration Reboot As Eni/BP & OMV Kick Off Drilling
...Libya’s upstream has got a long-awaited boost with Eni/BP and OMV both kicking off exploration campaigns on ice since the country’s 2011 revolution. With Italian PM Georgia Meloni in town, Eni may be set to sign the controversial NC-7 deal. Eni and BP, as well as Austria’s OMV, have ki...
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
Egypt LNG Exports Rebound To 12-Year High
...peat of October volumes for the last two months of 2021 would leave this year neck-and-neck with 2011’s 6.9mn tons (see chart 2). This is a swift turnaround from just two months ago when Egas had informed Shell and Eni that gas shortages could lead to reduced exports over the coming months (MEES, 17...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Libya Set For Big Gas Boost
...With the impending start-up of the 180mn cfd Faregh Phase-2 project, Libya will have added a healthy 580mn cfd capacity by the end of 2019. Not bad for a country that has rarely seen peace since 2011. The long-delayed 180mn cfd Faregh Phase-2 gas project is finally on the verge of start-up...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Egypt Confident It ‘Has The Keys To The Future’ Of East Med Gas
...orage depots, and terminals as well as pipelines,” Mr Molla says. Of course, this has also been true in the intervening years since Israel discovered the 22tcf Leviathan field in 2010 and Cyprus the 4.2tcf Aphrodite in 2011. So what’s changed? For one thing, the discovery of the 21.5tcf Zohr field of...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
MEES Interview With Egypt’s Minister of Petroleum
...dependence earlier this year. What have been the driving forces? A: The petroleum sector faced several challenges in recent years stemming from the political and economic situation in Egypt between the two revolutions of January 2011 and June 2013. Investments in the petroleum industry fell, there was di...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Egypt Gas Output Set To Soar By 2020
...785bn cfd, almost 2bn cfd higher than the previous annual output record set in 2011. Whilst demand is also set to rise strongly in 2019-20, by 447mn cfd (7%) to a record 6.831bn cfd, this will nevertheless, according to the projections, mean a surplus of over 950mn cfd. This implies surplus gas eq...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Algeria: In Amenas Hits Record Production As In Salah Output Halves
...natrach, produced an average 876mn cfd in the second quarter, the highest since Q1 2011 (see chart). This was followed by 837mn cfd in the third quarter, also higher than any quarter between Q1 2011 and Q2 2017, according to MEES calculations based on Q3 figures published by Statoil on 26 October. The re...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
South Sudan Mortgages Future Oil Output
...l sales in South Sudan since independence in July 2011. Between them, the two companies accounted for 11.4mn barrels of the 14mn barrels of crude marketed by the government in the first half of 2015 – more than 80% of the total. PRE-FINANCING PRECEDENT This is not the first time that Tr...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
East Med Gas Development: Pipeline Politics Drive Floating Solutions
...cosia. Mindful of the geopolitics, Eni (80%) and its partner Kogas (20%) have indicated that they would favor floating LNG (FLNG) for any discovery: the same partnership is already well advanced in pushing FLNG as a solution offshore Mozambique. For Cyprus’ only existing discovery – the 5 tcf 2011 Ap...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
Security, Politics Dominate Libyan Oil Sector Concerns
...ansitional Council in 2011. Like in other fields, the oil sector will probably have to wait for political change and a permanent government, Mr Ramadan advises. “It is not the officials’ fault. They are doing a very difficult job under the circumstances. In fact they have accomplished more than ca...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Growing Gas Shortage Forces Egypt To Import LNG
...ring the current month to import petroleum products and this represents an increase of $200mn from the previous month. Egypt produced 61.3 bcm of gas in 2011 and consumed 49.6 bcm, according to the BP Statistical Review of World Energy June 2012. It exported 8.6 bcm in the form of LNG. Pi...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
South Sudan Orders Oil Production Restart
...l is currently produced in these two blocks, with Blocks 1 and 5 in the South’s Unity state contributing the balance. Total output from Blocks 3 and 7 was estimated to have hit 230,000 b/d of waxy Dar blend in 2011, compared to around 200,000 b/d in 2008. The company said in 2010 that it expected pr...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Woodside Keen On Leviathan Partnership, Pelagic Prepares Aphrodite-2 Well
...13. Noble holds a 70% interest in Cyprus Block 12, where it discovered 7 tcf (198 bcm) of gas in December 2011. MEES understands that the Cypriot government on 23 October approved a transfer of 30% of Block 12 interest to the Delek Group subsidiaries, Delek Drilling and Avner Oil & Gas. In re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Noble Energy Expects More Gas In Block 12
...cember 2011 following the discovery. “We made that nice discovery of 7 tcf, but we think there is a lot more potentially there and we will be chasing additional gas fields [in Block 12],” Mr Tomich said, speaking at a press conference in Nicosia on 24 October. “We are planning to drill the ap...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Jordan In Talks To Resume Egyptian Gas Imports
...ectricity needs. But the disruption of the flow of Egyptian gas after the overthrow of the Mubarak regime, and the rise in international oil prices, has cost the country over JD2bn ($2.8bn) in subsidies since 2011 and this is forecast to rise by an additional JD1.2bn ($1.7bn) by the end of the year, ac...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012