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Eni & Total Add To Cyprus Gas Finds With 2-3tcf Zeus
...arby. Taken together such volumes would in theory be sufficient to justify the construction of a land-based LNG plant, Nicosia’s long-stated aim ever since Cyprus’ first gas discovery, 4.5tcf Aphrodite, back in December 2011 (MEES, 9 January 2012). Despite the five to-date gas discoveries, no field ha...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Exxon Spuds Cyprus Well
...vuşoğlu said he had received assurances from Washington and Doha that any potential drilling would only take place in areas not claimed by Turkey. Glaucus, with an initial reserves estimate of 5-8tcf (MEES, 1 March 2019) was the third gas discovery to be made off Cyprus following 2011’s 4.1tcf Ap...
Volume: 64Issue: 51/52Published at Fri, 24 Dec 2021 -
Libya: Oil Output Doubles In 2017 But Peace Dividend In The Balance
...2018 brings a new opportunity for a comprehensive peace deal in Libya. But, when it comes to oil production, the risks are largely on the downside. As has often been the case since the toppling of former leader Muammar al-Qadhafi in 2011, the future of Libya hangs in the balance. A peace se...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Algeria To Retain Gas Focus In 2018 As New Fields Start Up
...ich badly damaged the fields’ processing facilities. Output, at an annualized 8.6bcm for the first nine months of 2017, averaged close to 9bcm/y capacity for the first time since 2011 (MEES, 3 November). Repair work from the attack was completed in mid-2016 but the leap in output only came after lo...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Libyan Output Crashes As Fighting Escalates
...tions, production in the Sirte Basin slumped. Libyan production fell to as low as 150,000 b/d earlier this year when operations at the western fields of Sharara and El Feel where interrupted, a tenth of the 1.5mn b/d produced before the blockade. Prior to the 2011 revolution that disposed of Mu’ammar al-Qa...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Sonatrach Slammed
...inted Sonatrach in recent years. The court, in its freshly-released review of Algeria’s 2011 budget, says that Algeria’s tax authorities “lack the appropriate means to verify the tax declarations of Sonatrach and its affiliates.” The court recommends the adoption of a standardized system of ac...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013