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Egypt Gas Output Makes Late-2020 Recovery Despite BP Collapse
...TPUT SLUMP FOR BP’S WND One of the key projects, along with Eni’s Zohr, that has helped boost Egypt’s Mediterranean output in recent years was BP’s 5tcf West Nile Delta (WND), which started-up in April 2017 (MEES, 12 May 2017). But MEES understands both Phase 1, Libra and Taurus fields, an...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
UAE Joins Shale Revolution With Unconventional Gas Start Up
...irly soon” (MEES, 29 May). However, the region’s leading unconventional player is Oman, where BP brought the 500mn cfd Ghazeer project online last month (MEES, 16 October). Ghazeer is the second phase development of Block 61’s tight gas reserves, following the 2017 start-up of 1bn cfd Khazzan ou...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
EOG Goes Big On Oman Shale With Farm-In At Tethys’ Block 49
...stream (MEES, 25 September), Houston-based EOG Resources is making its second foray into the sultanate, this week taking 50% of Tethys Oil’s Block 49, which is located next to EOG’s recently-acquired Block 36 in the south west of the country (see map). Tethys acquired Block 49 in 2017 (MEES, 24 No...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Adnoc/ADQ JV Launches $5bn Plan For Ruwais Petchems
...18). This is part of a 2030 strategy to boost refining capacity by 60% to 1.44mn b/d and more than triple petchems capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). Adnoc and ADQ announced on 10 November that ‘anchor’ projects will be promoted as part of a $5bn first phase of the park, with de...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Taqa Hikes Foreign Ownership Limit To 49% Ahead Of Offering
...reign investment in Taqa supports the “significant efforts of our country’s leadership to encourage foreign capital inflows.” State petroleum firm Adnoc has led the way, raising $851mn in a 2017 IPO of Adnoc Distribution. It has also brought foreign investors into its midstream operations (MEES, 26 Ju...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Tunisia: Southern Output Returns
...ocked output from Tataouine province, calling on Tunis to implement a 2017 deal on promising investment and jobs (MEES, 18 September). The new deal stipulates that the government create a development fund, hire 1,000 workers and drop charges against protesters arrested during the unrest. The bl...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020