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Algeria: Sonatrach Re-Engages With IOCs In Race Against Upstream Decline
...llapse, production problems and multi-year project delays. But new Sonatrach CEO Amine Mazouzi and his team have injected something of a sense of urgency with a more pragmatic approach. Algeria’s most recent bidround in late 2014 flopped with only four of 31 blocks awarded amid unattractive fiscal and in...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Abu Dhabi’s 3.5Mn B/D Target Slips To 2019
...l Operations (ADCO) consortium – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2% – whose concession to run the emirate’s major onshore oil fields expires on 11 January 2014, will continue after this date. ADNOC senior management has made contradictory public statements and ha...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Northern Morocco Joins Farm-Out Fever
...rmit from early 2013 to be followed by the anticipated drilling of “at least three” exploration wells from early 2014. Seismic is also planned for the neighboring Taounate permits in 2013. Gulfsands notes that the acreage immediately to the west of the Fes permit, now operated by Triangle Energy (see be...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012