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Gulf Arab Producers: We Can Guarantee Energy Security
...tional Oil Company (ADNOC) pays ExxonMobil $1/B produced. ExxonMobil has a 9.5% stake in Abu Dhabi Company for Onshore Oil Operations (ADCO), the consortium that operates Abu Dhabi’s largest onshore fields. The concession expires in January 2014. It also has 28% of Zakum Development Company (ZADCO), wh...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Qatar Moratorium Continues As North Field Proves Challenging
...til 2014 while the reservoir’s depletion is studied. ExxonMobil, which has been doing the study for about four years by collecting the data from all projects in the field, requested a 2014 deadline to give it 10 years of data to work with since major production started. The North Field’s st...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Iraqi Oil Sector Faces Year Of Challenge And Promise
...0,000 b/d in 2014. A new 255km, 400,000 b/d pipeline to tie in with the main Iraqi crude export line to Ceyhan is also planned at an estimated cost of $450mn, Mr Hayward, the former CEO of BP, said. The Shaikan Effect Gulf Keystone’s Shaikan field will be the largest single contributor to new KRG su...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Saudi Banks Show Big Appetite For Marafiq $1.2Bn Loan
...rrent 1.0gw production capacity to 2.5gw by 2014-15. The company is working on an expansion of its plant at Yanbu' that will take output from the current 1.0gw to 1.5gw by July next year. It is also adding the Yanbu' II power plant at the site, which will produce 750mw of electricity and 60,000 cmd of...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Qurayyah $2.8Bn Power Project Financing Completed
...Samsung and the MENA Fund. The project company – Hajr for Electricity Production Company – will be 50:50 owned by the developers and SEC. It will deliver electricity to SEC under a 20‐year power purchase agreement (PPA) commencing on 30 June 2014. Germany’s Siemens will provide all major eq...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011