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Bab Expansion Plans Grow
...Adnoc is investing $489mn to further expand its key onshore Bab field to 485,000 b/d. Work was already underway through a 2017 contract to expand the field from 420,000 b/d to 450,000 b/d by next year (MEES, 17 November 2017). The EPC contract for the latest expansion was awarded to Gr...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Oman Offshore Ambitions Creep Forward
...illing next year will be in Oman, the first deep offshore drilling in Oman, so it’s quite important,” he says. “That is most likely gas or gas/condensate, and we are drilling only seven months after the acquisition [closed], which is a big achievement.” Eni acquired Block 52 operatorship in 2017 (ME...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iran Digs Deep With Massive Heavy Oil Find
...elds including Darquain, Mansuri, Sepehr, Ab Teymour, Jufeyr and Susangerd (see map). Several of these fields in the ‘West Karun’ region bordering Iraq were among those that Iran sought to offer up to foreign investors in 2017 (MEES, 23 June 2017). Indeed the ‘new’ field appears to at least in pa...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iraq: Lukoil Not Happy
...lt in recent weeks. The West Qurna-2 expansion is not the only Lukoil project under threat. Lukoil also operates Block 10 (60%, 40% Japan’s Inpex) where it has been looking to develop its 2017 2.5bn barrel-plus Eridu discovery (MEES, 3 March 2017). The find was dubbed Iraq’s “largest in decades”: Ir...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Aramco Kicks Off Share Offering: But At What Price?
...came Crown Prince in June 2017 consolidating his position as the kingdom’s de facto day to day ruler (MEES, 23 June 2017). The desire for a high implied valuation seems to have been a key factor behind both the delay to any sort of IPO and the kicking of an international listing into the long gr...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Iran Ups Geopolitical Stakes With Nuclear Advances
...ssia. The new plants at Bushehr will also process Russian fuel (MEES, 31 March 2017). ...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
SEC Switches Privatization Plan From Sell-Off To IPPs
...cess of peak demand (MEES, 9 August). In the first half of 2019 SEC had access to a total 75.1GW of capacity to supply its grid, 15.5GW above peak load of 59.6GW. Additionally, reduced electricity subsidies have helped cut peak load from the record 62.1GW of 2017 (see chart). PRIVATE SECTOR PL...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Korea LNG: Qatar Volumes Slump
...rean imports. And for October Qatari volumes fell to just 0.47mn tons, the lowest monthly figure in well over a decade (see chart). Such has been Qatar’s dominance in Korea that only twice since 2013 had it not been top on a monthly basis (edged out by Australia in September 2017 and June this ye...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Algeria-To-Italy Gas: New Deals, Reduced Aspirations
...ock a massive fall in 2019. Volumes for the first 10 months of this year were down 39% at 8.4bcm. And whilst 2017 and 2018 saw volumes pick up in Q4, this has not been the case this year: deliveries through 14 November were flat with October (and down slightly on September) levels. Full-year 2019 de...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019