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Qatari Condensate Production On The Rise
...2 into what it says is the world’s longest horizontal well, at about 12km, in a reservoir which in places is only one meter thick. Maersk won the contract after majors said they could only get its production to 20,000 b/d. Its PSA expires in 2017. US independent Occidental Petroleum (Oxy) is st...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
POGC And Sonatrach Step Up Libyan Exploration; Others Wait On Sidelines
...presentatives were in discussions with NOC chief Nouri Berruien in Vienna earlier this month with the aim of finalizing the German company’s $500mn plans to produce 30,000 b/d from the acreage by the end of 2017. France’s Total also has near-term development plans – including for Murzuq basin Block NC...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Iran Nuclear Plant Shut Down, UAE Gauges Impact Of Korea Safety Scam
...rean nuclear plants. Korea Electric Power Corporation (Kepco) won a $20bn contract in 2009 to build four 1.4gw nuclear plants at Barakah during 2017-20. However, Kepco discovered that fake safety certificates had been issued for equipment installed throughout South Korea’s 23 existing nuclear pl...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Kuwait 2012-13 Budget Maintains Record Spending
...ternational Monetary Fund (IMF) in May this year said that Kuwait’s spending is unsustainable and warned that “government expenditure will exhaust all oil revenues by 2017” and that fiscal consolidation is needed in the medium term if current trends continue. But this was dismissed by economists who ma...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012