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Iran Plans Major Gas Storage Expansion To Face Winter Shortages
...a pipeline to consumers. In addition to meeting local demand in the high season, the gas storage facilities were envisioned to reduce reliance on imports from Turkmenistan, which peaked at around 9.3bcm in 2017. GAS GIANT WITH PUNY STORAGE Iran boasts the world’s second largest proven gas re...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Malaysia’s Petronas Seeks To Kickstart UAE Unconventional Oil Development
...ES, 12 March 2021). UNCONVENTIONAL OIL’S SLOW START Unconventional hydrocarbon development is accelerating in the Middle East, but to-date the focus has been overwhelmingly on gas rather than oil. The catalyst was the Khazzan development in Oman’s Block 61 which started up in 2017. Bl...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
Jordan Plans Nine-Well Drilling Campaign
...50mn cfd. He says that around 20mn cfd of current output goes to the 150MW Risha power plant (MEES, 24 March 2017) and approximately 10mn cfd to local industrial users – figures that imply a doubling of production from the 2020 average. Another area with potential is the Sirhan Development bl...
Volume: 64Issue: 49Published at Fri, 10 Dec 2021 -
Oman Gets Opec+ Condensate Boost
...opping 157,000 b/d is condensate – 16.2% (see chart). Oman was only producing 80,000 b/d of the higher-value condensate in late 2017 before the startup of BP’s 1bn cfd Khazzan gas project added some 30,000 b/d (MEES, 27 September 2017). The startup of PDO’s $3.7bn Rabab Harweel Integrated Project (RH...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Oman Oil Eyes 2020 IPO
...cidental’s 120,000 b/d Muzkhaizna heavy oil field (20% OOC), and several other projects. “Going forward, you will see more of this trend in Oman – where we take a minority share in upstream projects and partner with foreign operators,” OOC chief Isam Saud al-Zadjali said in 2017, highlighting OOC’s role fu...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Iraq’s New Oil Minister Eyes 2019 Capacity Hike Despite Export Challenges
...o alternatives: new export routes or increased refining capacity. A long-time proponent the oft-delayed Basra-Aqaba pipeline, Mr Ghadhban told MEES in 2017 that the project would only take “a little over a year” but the project appears to have stalled in 2018 (MEES, 3 November 2017). Now as mi...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Qatar Petroleum Targets Transformation, Embargo Or No Embargo
...efficiently burning vast volumes of crude and fuel oil – an average of 500,000 b/d of each for the first nine months of 2017. That it is now actively considering gas imports could provide a major shot in the arm for gas exporters given its gargantuan appetite for energy. But Qatar is unlikely to benefit: ev...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Qatar Revives Plan For New Petchems Capacity
...neration’ chemicals and Qatar’s ready availability of naphtha suggest QP may be looking to follow Saudi Arabia’s Sadara JV in cracking naphtha as well as ethane. Qatar’s refinery, two GTL projects and two condensate splitters produced 132,000 b/d naphtha in 1-3Q 2017, of which almost all, 128,000 b/d, wa...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Energean: Karish, Tanin Go-Ahead Imminent
...cm/y of gas sales deals before taking a final investment decision (FID) and that it hoped to do so by the end of 2017. With the deals now signed, Mathios Rigas, Energean CEO says “we are aiming to progress with FID early in 2018.” Some in Israel have accused Energean of not being a serious outfit bu...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
KRG Goes Fishing For New Investors, But Will They Bite?
...sily within the 31,000-35,000 b/d target range. The firm is considering boosting capacity to 55,000 b/d, which it estimates will cost around $17mn more over two years than maintaining current capacity, and eventually 110,000 b/d. But CEO Jon Ferrier tells MEES that his number one priority for 2017 is to...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
KRG Gas Export Plans Fade Away
...y, but progress is painfully slow. Even if a sales agreement is reached in Q1 2017, WesternZagros CEO Simon Hatfield doesn’t expect first gas until the second half of 2019. The KRG had indicated that gas from here and Repsol’s neighboring Topkhana field was earmarked for export to Turkey, but Mr Ha...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Kuwait Targets Heavy Oil Reserves With Eye On Future
...88mn b/d, all of which was produced by KOC. The company claims capacity has risen to just over 3mn b/d and is targeting 3.15mn b/d by March 2017 – it previously aimed to hit this mark at the start of 2015. KOC reports its production capacity breakdown as: South and East Kuwait 1.7mn b/d, North Kuwait 78...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Iran Launches New Contracts Ahead Of Opec Meet
...kely low oil prices) persisting into 2017 (see p10 and MEES, 16 October). While Opec Secretary General ‘Abd Allah al-Badri told reporters on the sidelines of Adipec that he welcomed Iran’s impending return, the prospect of Opec members cutting production to make way for Iran is extremely unlikely. Th...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Iraq Pencils In 3.4Mn B/D 2014 Exports But Lowers Output Targets
...ter injection to compensate for the pressure drop,” he says. The success of the seawater project is a main factor in determining whether the contracts will be extended beyond 2020 for Majnoon and beyond 2017 for Rumaila, he adds. Water Project To Be Ready In 2018 But the minister denies that th...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
UAE Says 3.5Mn B/D Capacity Target On Schedule
...UAE UAE Says 3.5Mn B/D Capacity Target On Schedule The UAE is sticking to its 3.5mn b/d 2017 capacity expansion target. It says stalled renewal of the ADCO concession that makes up close to half of current 3mn b/d capacity will not delay its ramp-up plans. UAE En...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Umm Lulu Moves Forward
...RB) and Nasr fields. ADMA-OPCO’s plans are key to hitting the Emirate’s 3.5mn b/d 2017 production target. Yet ADNOC’s target production has slipped to 2019-20 thanks, in large part, to delays at key offshore fields such as Upper Zakum (MEES, 21 June). Three-quarters of ADMA-OPCO’s production wi...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013