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BP’s Eyes Raven Rebound As Egypt Output Slump Continues
...ypt, but its biggest project, West Nile Delta (WND) which started-up in 2017, has witnessed startling decline rates. In a bid to arrest that decline BP earlier this year launched a two-well infill drilling campaign at the Raven field, where output having hit 800mn cfd following 2021 start-up has since ha...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
Kuwait Pushes Back Upstream Capacity Target To Next Year
...elds, with KOC closing on its target of bringing overall conventional North Kuwait capacity to 700,000 b/d, just below the 2017-18 capacity peak of 760,000 b/d (MEES, 12 May 2023). KOC is increasingly deploying water injection and expensive chemical EOR techniques, while upping its drilling and workover op...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
Zubair To Add 200,000 B/D Surface Capacity By End-2024
...commissioning, and it is now unclear if it will replace or supplement the existing facility. The previous addition to Zubair’s degassing capacity came in 2017 when Samsung Engineering delivered the 200,000 b/d Hammar-Mishrif station. ...
Volume: 66Issue: 47Published at Fri, 24 Nov 2023 -
Inpex To Sell Eridu Stake To Lukoil
...eviously offered to Chevron in 2021 under the now-defunct “Nasiriya District” project (MEES, 15 October 2021). Lukoil’s move might be well calculated given that Block 10’s appraisal program saw 797km2 of 3D seismic and 5,561 km of 2D seismic conducted in the area. When discovered in 2017, Eridu was es...
Volume: 66Issue: 47Published at Fri, 24 Nov 2023 -
The Curious Case Of Algeria’s Hassi R’Mel
...asured) are the only numbers to go off. While we’re still waiting on Sonatrach’s 2019 report, the 2018 version puts gross Hassi R’Mel output at 90 bcm/y, but then again, so did the 2017 edition. Contrary to what is stated, MEES is inclined to take these numbers as nominal capacity, rather than actual ou...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Kuwait Oil Company Looks To Heavy Oil To Offset Capacity Declines
...RGET IN 2021 OR EVEN 2022 LOOKS A BIG ASK (MN B/D) SOURCE: KOC, MEES. 3: HEAVY OIL REMAINS CENTRAL TO KUWAIT’S LONG TERM PLANS ('000 B/D CAPACITY) SOURCE: KOC, MEES. CAPACITY TRENDING DOWN KOC’s production capacity peaked at 3.151mn b/d in 2017-18. With ne...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Algerian Gas Exports Set For Quarter-Century Low
...derlying declines at aging fields. Even though three projects in the southwest with a combined 9.2bcm capacity have come online since 2017, Algeria has recorded output declines in each of the following years. And while the long-delayed 4.5bcm Touat project led by London-based Neptune Energy finally started up...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
More Pipeline Problems For Israel-Egypt Gas Deal
...lieves enough has changed to merit launching a bid round so soon after last year’s round received bids by just two companies (MEES, 15 December 2017). He believes that Noble’s gas sales deal with Dolphinus proves gas discovered offshore Israel does have export options. He says this deal, coupled wi...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Omani Economy Looking Up Despite S&P Downgrade
...Higher oil prices and a boost to gas output will see Oman finish 2017 strongly despite a ratings downgrade. As BP plots further gas expansion and heavyweights Eni and Oxy grab the latest exploration blocks, there is cause for quiet optimism. As with the other GCC oil exporters, low cr...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Total Aims To Become Mena’s Dominant IOC
...ying the groundwork for production gains in 2017. Total is increasingly focusing on this region: unlike its peers, which are increasingly focusing any spare cash on the US in general and Texas’ Permian basin in particular (MEES, 4 November). With global upstream investment having declined for two st...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Eni Touts Zohr As East Med Hub
...OM THE ORIGINALLY-IMPLIED 22.5 TCF. ^OFFICIAL START-UP END 2017. SOURCE: MEES, BASED ON ENI STATEMENTS & PRESENTATIONS. DRILLING EXPEDITED IN SEARCH FOR MORE ZOHR Eni is set to drill Block 9 in late 2017, Mr Barberis says. Eni drilled two previous wells here in early 2015. These fl...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
North African Oil Benefits From New EBRD Focus
...nisia through the takeover of Canada’s Winstar, and net production is a modest 1,660 boe/d. Four of the fields are fully owned by Serinus, one is majority owned by state oil company ETAP. A development program spanning to 2017 is expected to boost output to at least 3,020 boe/d according to the co...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Abu Dhabi Looks To Offshore Future
...16 2018 Nasr 0 65 2018 2018 Sarb (Satah Ras al-Boot)* 0 100 2017...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Petroceltic Eyes Algerian And Egyptian Expansion
...ving to front end engineering next year and development drilling in 2015. A total of 20 wells are planned before first gas production in the third quarter of in 2017. Some 150 development wells are planned over the field’s lifetime. 10 Tcf Reserves, 7 BCM/Year August’s declaration of...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Producers And Consumers Seek Cure For Oil Market Turbulence
...ntracted fields by 2017-20. Some IOCs have already submitted revised development plans and our own reservoirs department is conducting its own studies. Both the IOCs and the oil ministry are not far from the consultants’ initial figures – but there is no decision yet. No decision on production levels will be...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Repsol Strikes Gas In Algeria
...produce 3.6 bcm/year from late 2017, and where Enel is a partner. The key Algerian projects for both Repsol and GdF going forward are in the country’s far southwest. Repsol is operator of the $3bn Reggane Nord development which is slated to produce 2.9 bcm/y from late 2016, whilst Gd...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
KOC Eyes $56bn Investment Bonanza
...pital expenditure of $11.5bn in 2012-13, $5.9bn in 2013-14, $11.4bn in 2014-15, $12.5bn in 2015-16, $9.1bn in 2016-17, and $5.4bn in 2017-18. Bad Press To some Kuwait may appear a poster child for how not to run an oil industry. But while there are clear issues surrounding pa...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Leviathan Partners To Drill 4Th Well
...chel license area. This is also designed to function as a production well once it starts up in 2017-18 and will be necessary to complete the field’s mapping. Expected to be drilled in four months, the well will be located 125km to the west of Haifa and will reach a total depth of 5,...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012