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Libya’s NOC Clears House With Key End-Year Deals
...e tighter terms (MEES, 9 March 2009). Of course the pressure eased in 2011 when Libya had other problems, but Wintershall, now Wintershall Dea, finally agreed to sign up to them this week. Unlike Wintershall, the Waha concession will retain special contractual terms. But in order to secure part of...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Russia’s Tatneft Back In Libya For Seismic
...rced to exit in 2011 when Libya’s civil war kicked off. It returned in 2013 but had to pack its bags the following year due to civil strife. Flare-ups in violence have continued since, making it exceedingly difficult for NOC to encourage IOCs to restart exploration work. Tatneft’s return will be we...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Leviathan: The Giant Stirs
...hr’s 3.2bn cfd plateau (see box). Leviathan’s problem was never lack of gas but rather a lack of an outlet large enough to justify full commercial development. Development options considered, then sidelined, included a tie-back to an LNG plant in Israel or Cyprus (MEES, 17 January 2011), a pipeline to...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Israel Throws Spanner In Aphrodite Development
...Cyprus’ 2011 Aphrodite discovery had finally seemed to be moving forward with a development plan agreed with Nicosia in June (MEES, 7 June), but neighboring Israel says ‘not so fast’. A small portion of 4tcf Aphrodite is thought to extend into Israel’s Yishai license (see map below). Udu Ad...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019