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Can Cyprus Reboot Offshore Drilling Plans?
...i announced its own 6-8tcf Calypso discovery (MEES, 16 February 2018), raising expectations that the island would finally be able to call itself a gas producer. Initial hopes following the 2011 discovery of Cyprus’ 4.1tcf Aphrodite had subsided in the six years between, with the mid-2014 oil price co...
Volume: 63Issue: 52Published at Thu, 24 Dec 2020 -
Libya Dusts Off $60bn Of Projects: Could This Be Its Last Chance?
...bound in the last quarter of the year, Libya’s crude production in 2020 is still set for its lowest level since 1962 at just 341,000 b/d. That represents a 69% fall on 2019’s seven-year high of 1.11mn b/d, making this year the worst since the 2011 revolution in output terms. It is also two-thirds down on...
Volume: 63Issue: 52Published at Thu, 24 Dec 2020 -
Indonesia’s Pertamina Pays $1.75bn For ConocoPhillips Algeria Assets
...rcumstances, production rarely if ever brought ‘home’, it is not always clear that this could even happen in an emergency situation. Abu Dhabi’s state investment vehicle IPIC’s 2011 purchase of Ourhoud operator Cepsa is another example of state firms expanding in Algeria at the expense of in...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Libya Output Hit By Strikes
...pped to 1.54mn b/d from October’s post-revolution high of 1.56mn b/d as strikes shut Ras Lanuf for several days. Limited storage at the 220,000 b/d refinery and neighboring port – tanks destroyed during 2011’s fighting have yet to be replaced – means that problems at the refinery have a rapid impact on up...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Use Of Cypriot Gas Deposits As Collateral Premature Says Kassinis
...-20% of the combined reservoir, although MEES understands that Israeli estimates put it at as much as 30-35%. Since 2011 Cyprus and Israel have been negotiating a unitization agreement on the joint exploitation of Aphrodite/Ishai. These talks are highly unlikely to be completed before the re...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
MENA Active Drilling Rigs, November 2012
...12* November 2012 breakdown* Nov-12 Oct-12 Nov/ Oct Sep-12 Nov-11 2012/ 2011...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Cyprus Ends Gas Block Talks With French-Russian Consortium
...alleviate its debt burden – it was heavily hit by the Greek sovereign debt crisis. Block 9 is one on offer that adjoins Block 12, where Noble Energy discovered 7 tcf (198 bcm) of natural gas in December 2011. A second phase of drilling on Noble’s field, Aphrodite, is due to take pl...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012