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Libya’s NOC Clears House With Key End-Year Deals
...tput falls meant its pre-2010 contract remained valid. NOC didn’t. In 2016 it went as far as stopping Wintershall crude exports from Zueitina port (MEES, 3 November). In 2017 NOC chief Mustafa Sanalla said Wintershall was “free to leave” Libya if it didn’t want to sign new terms. And much more re...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Russia’s Tatneft Back In Libya For Seismic
...ab Geophysical Exploration Services Company (AGESCO) to complete 200 km² of seismic in Area 82’s Block 4 which was suspended in 2014. Tatneft was awarded eight exploration blocks (Areas 69, 82 & 98) in Libya in 2005 and 2007 (MEES, 28 July 2017, see map, p2). It struck oil several times, but was fo...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Leviathan: The Giant Stirs
...ypt. For years Noble struggled to get development off the ground. Only in February 2017, more than six years after discovery, did the operator finally go ahead with long-stalled development. The Texas-based firm not surprisingly presented this as a victory. But, in reality, go-ahead only came as a re...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Egypt: Key Eni Wildcat
...pears to have bumped drilling of a fourth development well at the Atoll field from 1Q 2020: the Maersk Discoverer is currently in place. ‘Phase-1’ Atoll output began in December 2017 with the latest well slated to hike production from 300 to 400mn cfd (MEES, 30 August). Following Atoll, the rig will mo...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Iraqi Kurdistan Poised For More Gains In 2020
...G can likely count on another 40,000 b/d in 2020, according to MEES estimates (see chart). This would push output back above 500,000 b/d for the first time since the KRG lost a swathe of territory around Kirkuk to the federal government in 2017. The additional volumes would appear to be critical to...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Kuwait Nears Boost To Refinery Throughputs, Eyes Al-Zour Petchems
...s two operating refineries. But delays to the clean fuels upgrade project mean that the expansion work is unlikely to be completed until the second half of 2020. KNPC shut down its aging 200,000 b/d capacity Shuaiba refinery at the end of March 2017, leaving Kuwait with just 736,000 b/d ca...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Qatar Set For 2019 Power, Desalination Records
...NCE MARCH... 2. WITH JAN-OCT UP 22%, 2019 IS ON TRACK TO SMASH 2017'S PREVIOUS ANNUAL RECORD (TWh) 3. QATAR DESALINATION (MN M³) HAS LIKEWISE SEEN A SERIES OF RECORDS... F =FORECAST. SOURCE: QATAR PLANNING & STATISTICS AUTHORITY, ME...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Saudi Budgets For Bigger Deficit, Banks On 2020 Gdp Boost
...nsiderably higher than 2017 levels. Riyadh expects spending this year to come in some $15bn under budget and puts this down to a combination of efficiency gains and greater involvement of the private sector “reducing the need to finance these projects from the budget.” GROWTH SET TO SURGE? Sa...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019