1. Kuwait Scraps 2020 Target But Minister Reappointment Offers Rare Continuity

    ...thin the next five years,” so 3.10mn b/d is at least a more concrete target (MEES, 30 August). Underlining the scale of the reduced ambition, this new 2020 target is less than KOC’s capacity in 2017-18 (to end-March), of 3.15mn b/d. Former KOC CEO Jamal Jaafar put capacity even higher at 3....

    Volume: 62
    Issue: 51-52
    Published at Fri, 20 Dec 2019
  2. Egypt Oil Output Continues Slump

    ...While Egypt is being forced to limit its gas output (see above), it is a completely different story for oil , with production falling to 615,000 b/d for October, the sixth consecutive monthly decline to the lowest level since March 2017. Egypt’s official target of reaching 690,000 b/d by June ne...

    Volume: 62
    Issue: 51-52
    Published at Fri, 20 Dec 2019
  3. Qatar Petroleum Eyes Big Results Overseas In 2019

    ...s overseas activity since late 2017, securing a swathe of assets. The latest move was announced on 16 December, with a 35% farm-in to Eni’s 2.1bn barrel “Area 1” offshore Mexico which contains three fields. The move was especially notable as the partners (Eni 65%, QP 35%) say that initial output fr...

    Volume: 61
    Issue: 51-52
    Published at Fri, 21 Dec 2018