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Oman Peak Demand To Double By 2020, Gas Burning Up 50%
...ll see gas burning rise by a comparatively modest 50% from 7.4 bcm in 2014 to 11.1b cm in 2020. As long as the country’s key upcoming upstream gas project, BP’s $16bn, 10 bcm/year Khazzan tight gas development, comes onstream as planned in 2017-18, power generation’s share of Oman’s gas output wi...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
OPWP Lines Up Qurayyat IWP
...OMAN OPWP Lines Up Qurayyat IWP Oman’s OPWP is to shortlist bidders to design, build and operate a 200,000 cmd desalination plant at Qurayyat, south of Muscat. It plans end-2014 award for March 2017 start-up with OPWP to purchase the plant’s potable water under a 20-year de...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...verning the export of KRG gas to Turkey. The deal calls for an initial 4 bcm/year of natural gas exports from 2017, rising to 10 bcm/year by 2020 and the option of increasing to 20 bcm/year thereafter. Considering the major amount of natural gas reserves being discovered in the KRG, gas exports from th...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Kurdish Export Initiative Stalled By Pipeline Sabotage
...bruary, the highest in more than three decades. Lukoil is operator of the field with a 75% stake. The remaining 25% is held by NOC. Lukoil agreed to lower the production plateau target for West Qurna-2, originally set at 1.8mn b/d to be attained by 2017, to 1.2mn b/d while extending the duration of the 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
International Gas Union Sees Changing LNG Market After 2014
...stralia and Papua New Guinea LNG volumes hit the waters. Qatar’s 77.2mn t/y of production represented about 33% of the global LNG trade in 2013; however, IGU says that Australian liquefaction capacity will surpass Qatari capacity by 2017. In addition to existing capacity, the seven projects currently un...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Saudi Arabia In Power Generation Efficiency Drive
...O 2017 U/C PP13 1.65 Gas 2017 PP14 1.65 Gas 2017...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Abu Dhabi Onshore Awards Unlikely Before ADCO Concession Ends
...al – the latest official 1.8mn b/d target is now 2017, but is more likely to be reached in 2019 (MEES, 21 December 2012). Also factors holding up development are: a clumsy decision making processes, a staff shortage, lack of will to push things through; and the need to determine if future pa...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Signs $1.3bn Ras Laffan Condensate Splitter Deal; Seeks Saudi, Iraq Projects
...mand growth over 1997-2017 at 6% per annum, compared to 1.5% for Europe and America. And with Europe having lost 6% of its refinery capacity through closures, Mr Pouyanné wants 35% of Total’s downstream capital employed in the Mideast and Asia by 2017. The Gulf is high on Total’s radar. Both Mr...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Total Sees Partnerships, Technology, Exploration Driving Growth
...gionally and globally, in a bid to drive production from 2.3mn boe/d in 2012 to its targeted 3mn boe/d by 2017. The group’s expected Middle East production of around 550,000 boe/d this year is slightly down on 2011’s 570,000 boe/d. Privately officials concede that the region’s operating environment is cu...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Egypt Rejoins MENA Nuclear Pursuit, Iran Plans Two New Bushehr Plants
...ild four nuclear power plants worth $22bn at Sinop on the Black Sea coast, according to Japan’s Nikkei business daily. Work on the first of the plants is slated for 2017 with a view to 2023 start-up. Russia’s Rosatom is expected to start construction in mid-2015 of the first of four plants at...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Shale Revolution – Threat To Mideast NGL Exports?
...power generation will continue to rise from a record high of 25.1bn cfd in 2012 to 29bn cfd by 2017. The Shale Revolution has also radically changed the relationship of gas to NGLs, which were traditionally a by-product of gas production. As gas prices softened over the course of 20...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...bringing on stream are a combined 550,000 b/d addition at the Khurais and Shaybah fields by 2017 (MEES, 15 March). These are the first major upstream expansion announcements for over six years. The increments are a 300,000 b/d expansion at Khurais to 1.5mn b/d and a 250,000 b/d push to 1mn b/d at Sh...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Egypt: Fraying At The Seams
...vestors need long-term stability where they can get the revenues of all the gas produced.” Hostile Locals Delay WND BP’s $10bn, 1bn cfd WND project has itself has been the subject of chronic delays. Germany’s RWE-Dea, BP’s minority partner, on 10 April said that start-up was now slated for 2017...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Algeria: Repsol Find
...cline to put any timeframe on restart. Reggane Delayed, Again Start-up of the $3bn, 2.9 bcm/y, Reggane Nord development, Repsol’s key project in Algeria and lynchpin of the country’s 9 bcm/y-plus Southwest gas project has been put back to 2017. Dirk Warzecha, Operations chief at Germany’s RW...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Abu Dhabi Awards Delayed Oil Boost Contract
...at is pressuring state-owned Abu Dhabi National Oil Company’s (ADNOC) 2017 target of 3.5mn b/d crude production capacity. Abu Dhabi is unlikely to hit it until 2019 at the earliest. ADNOC executes design work relatively efficiently, but then delays awarding engineering, procurement and construction (EP...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Kufpec Looks to Asia-Pacific To Boost Output
...eatstone LNG project in Western Australia. Kufpec owns a 7% stake in the $29bn project. Chubu will receive 1mn tons/year of LNG from the project for a period of up to 20 years starting in 2017. The Wheatstone project will have a liquefaction capacity of 8.9mn t/y upon startup, which is now ex...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
UAE Moves Ahead On $2.39Bn Upstream Drive
...ma-Opco – state owned ADNOC 60%, BP 14.66%, Total 13.34% and Jodco 12% – to add 395,000 b/d of production capacity from offshore fields by 2018, with 100,000 b/d coming from the SARB oilfield in 2017-18. Adma-Opco will start drilling by mid-2014 MEES learns, with three land rigs on two artificial is...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
...e BOO project company equity and SEC will own 50%. The plant is expected to cost $2.5bn and will run on heavy fuel oil provided by SEC. Project completion was initially slated for 2017, but SEC has recently issued a revised IPP program that brings the planned completion date for Rabigh-2 forward to 20...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...IC) expect to prequalify engineering firms by year-end for the planned $5-10bn, 200,000-300,000 b/d Duqm refinery and petrochemical complex, allowing start-up in 2017. State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) expects to award construction contracts to expand it...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Shahristani Eyes Extended Iraq Production Plateau Durations
...perts, realistic) revision to Iraq’s official 7-8mn b/d figure (MEES, 13 June 2011). Currently foreign operators have committed to maintaining plateau production for between seven and 13 years, with the plateau volumes to be reached by 2017. The critical Round 1 mega-developments – the 2....
Volume: 55Issue: 17Published at Mon, 23 Apr 2012