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BP Still Hopeful Of Kirkuk Deal
...ploration and production, tells MEES that preparations are under way to start the third and final phase of development to take output towards the new, revised plateau of 400,000 b/d by 2017. Halfaya is operated by PetroChina with a 45% stake. Its partners are: Petronas (22.5%) and Total (22.5%) and Iraq’s So...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Says Oil Price Will Not Impact Expansion
...hieved by 2017 but slippages have pushed the date further into the future, though there is no doubt that Abu Dhabi will eventually make its promised contribution to global oil supplies. Still, uncertainty over the future makeup of the lapsed Abu Dhabi onshore concession (see p15), preparations to ne...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Keeps Oil Majors Guessing On Onshore Renewal
...volvement in building Abu Dhabi’s first nuclear power plant, due to become operational by 2017, it won the right to develop three oil fields in partnership with Adnoc. Like Japan, it also has a crude storage deal with Abu Dhabi. OXY: It’s Complicated For US mini-major Occidental (Oxy), the situation is...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
MENA Coal-Fired Power Gathers Steam As Egypt Plans Major Project
...chnology. RAK’s existing capacity is gas or diesel-fired (MEES, 8 November 2013). Next online will be a 318MW plant at Jerada in Morocco, due to be commissioned in fourth quarter 2017 by China’s Sepco III. This is one of two coal fired projects in Morocco – France’s GDF Suez is building a 1.39GW plant at...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Basra In Turmoil As Oil Services Firms Retreat Following Violence
...maila is being developed further by a consortium of BP and Chinese state firm CNPC, and was the first service-contract to be awarded by the Iraqi oil ministry in its first post-war bidding round in 2009. The contract calls for raising production to a plateau of 2.85mn b/d by 2017, but the Rumaila co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Ups The Ante As Oil Acreage Race Heats Up
...ergy, while maintaining its role as a reliable supplier of hydrocarbons to the world. To that end it is spending $70bn to raise its oil production capacity to 3.5mn b/d by 2017. He did not provide a figure for current capacity, believed to be around 2.8-2.9mn b/d. “International oil and gas co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Turns To CO2 To Enhance Oil Recovery
...dustry average, and demand for gas in domestic power generation will remain strong in spite of nuclear reactors that come online from 2017. This is in part due to the growth of the industrial sector, as further steel plants and aluminum smelters are either being built or are in the pipeline. These pr...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
ADNOC Creates New Crude Blend To Go On Sale From Next July
...ys. ADMA-OPCO is preparing to award contracts for full field development to produce 65,000 b/d by 2017. Total ADMA-OPCO production is set to rise slightly in 2014 to around 650,000 b/d with the the Nasr and Bunduq fields adding the 50,000 b/d increment over 2013. ADMA-OPCO targets total production of 76...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Bahrain: Question Mark Hangs Over Oil and Gas Projects
...ans amid financing concerns. It appears, however, that Bapco’s scaled-back plans face similar woes. Bapco said previously that it intends to expand the refinery in stages, with the first units coming online in 2017 and the last in 2020. It is now unclear if Bapco will meet this target. The ex...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Further Delay For Emirates LNG Import Plans
...irates LNG’s revised plans will almost certainly push completion back to 2016 or 2017. The UAE currently imports 2bn cfd of gas from Qatar via the Dolphin Energy pipeline (this could increase to up to 3.2bn cfd if Dolphin secures additional resources when it completes installation of additional pi...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
OPEC To Ride Out ‘Shale’ Storm And Reemerge Stronger
...s 2013 annual World Oil Outlook (WOO) released late last week, OPEC says it envisages the call on its crude to steadily decline year-on-year until 2017, at which point demand for its oil will hit 28.8mn b/d, some 1.5mn b/d down on current levels of 30.3mn b/d. This would represent just a 31% share of...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Moves Towards Integration Of State Oil Firms
...actors, which will come online from 2017, and by tapping its sour gas reserves. The Shah gas project – a joint venture between ADNOC and US firm Occidental – will deliver 500mn cfd of usable gas once it comes online in 2014. A stake in a second sour gas project at the Bab oilfield was awarded to Shell ea...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Ankara Poised To Unleash KRG Upstream Investment
...000 to go to 15,000 b/d by end 2012. 35,000 b/d by end 2013 and phase 3 125,000 b/d by end 2017. Ain Sifni 20% (see Hunt below). 27-Jul-11 Ma...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
'Democratic' Bumps Fail To Prevent Libyan Gains
...elds by the end of 2015 (MEES, 2 November). Meanwhile, RWE-Dea is looking to finalize the development timeframe for its 30,000 b/d NC-195 and NC-197 discoveries. By 2017 NOC is targeting 2.2mn b/d with key additional volumes to be supplied by the Waha consortium (which groups NOC with US fi...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Libya Weighs Options For Gas Development
...pansion plans of the Waha consortium which wants to more than double its crude output to 600,000 b/d by 2017 partly through the development of the 80,000 b/d gas-condensate field discovered on block NC-98 and the development of 180-200mn cfd gas production at the Faregh field. Hess Ho...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Egypt Extends Gas Bidding; TransGlobe Awarded Oil Blocks
...d 3D seismic and drill exploration wells. TransGlobe is looking to the four bid round blocks to add up to 15,000 b/d to the company’s Egyptian production by 2017, part of ambitious plans to ramp it up to 40,000 b/d over the next five years (MEES, 16 June). The company’s current Eg...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
UAE Outlines Financing And Fuel Intentions For $20Bn Nuclear Program
...velop four nuclear reactors in the UAE. In 2009, Korea Electric Power Corporation (KEPCO) was awarded the contract to complete the construction of the four plants from 2017 to 2020, to making the UAE the first Gulf Arab nation with nuclear power (MEES, 4 January 2010). The financing structure for th...
Volume: 54Issue: 46Published at Mon, 14 Nov 2011