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Aphrodite Advancing
...wMed estimates first gas at Aphrodite for 2031, a date which has irked Cypriot authorities who believe the field, discovered in 2011, could be developed sooner. NewMed and Chevron are also partners in Leviathan, where the Israeli company has a 45.34% stake. Chevron’s Mr Nelson also hinted that th...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Eni, BP Sign Egypt Deal Ahead of Exploration Drilling
...at the exploration well Eni and BP are planning will be in the Denise development lease and has been on the cards for some time. The well will be drilled before the end of the year. Output from the Temsah concession peaked at more than 1bn cfd in 2011 and 2012, but dropped to just 60mn cfd in 20...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Cronos: Time For Cyprus Field To Shine
...SITION Cronos looks set to become Cyprus’ first gas producing field. The Mediterranean island’s first gas discovery, the 3.5tcf Aphrodite, made in 2011 and operated by US major Chevron, has fallen behind Cronos despite an approved development plan (MEES, 21 February). Chevron is currently in the pre-FE...
Volume: 68Issue: 31Published at Fri, 01 Aug 2025 -
Egypt Drilling: Shell Kicks Off 9-Well Campaign As BP Readies Plans
...ell is setting its sights beyond Egypt for WDDM backfill options. Shell (35%) and partners Chevron (35%op) and Israel’s NewMed (30%) in May filed a development plan for Cyprus’ 2011 Aphrodite discovery which could see 650mn cfd production tied back to the WDDM offshore facilities (MEES, 2 June). Mi...
Volume: 66Issue: 33Published at Fri, 18 Aug 2023 -
Libya Exploration Looking Up As Eni & BP Lift Force Majeure
...menting the re-establishment of UK relations with the Gaddafi regime following a landmark visit by then PM Tony Blair to Tripoli (MEES, 4 June 2007). BP was slow to kick off exploration but was “hours away” from beginning a 17-well, $900mn commitment drilling program when the revolution began in February 2011...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Eni Makes ‘Big But Not Massive’ Cyprus Gas Discovery
...prus’ fourth gas discovery to-date following 2011’s 4.1tcf Aphrodite find by US firm Noble (now Chevron), 2018’s Calypso and ExxonMobil’s 5-8tcf, 2019 Glaucus. As yet though, the country does not produce any gas although it is hoping that negotiations with Chevron (35%) and its Aphrodite partners, Sh...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Tunisia’s Oil Industry Faces Existential Crisis
...nce the 2011 Tunisian Revolution. If there is a potential upside it is that two smaller firms, Mazarine Energy and Panoro Energy, have both shown to be willing underdogs. Led by former Shell engineer Edward van Kersbergen, Mazarine came from nothing to produce upwards of 2,000 boe/d and ev...
Volume: 63Issue: 33Published at Fri, 14 Aug 2020 -
Iraq Crude Exports Edge Up In July
...ightly. Baghdad has so far brought in $47bn this year, down just $800mn (see chart). If oil prices and exports hold steady, Iraq is looking at around $80bn in export revenues – just a hair behind last year’s $83.7bn and not far behind the 2011-14 days of $100/B oil when Iraq netted $85-95bn despite only ex...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Eni & Total Strengthen Cyprus Ties
...months. Appraisal wells are slated for Calypso on Block 6, Glaucus on Block 10 and also at the 4.2tcf Aphrodite field, Cyprus’ first gas discovery in December 2011. This would be the second appraisal well drilled at Aphrodite: the previous one was drilled six years ago. In June the pa...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Sudans Oil Deal Bears Fruit
...pacity of about 90,000 b/d, but this has not been reached since 2011, and damage to the fields in the intervening years is likely to have reduced production potential. Somewhat more likely is that the five fields could deliver an additional 80,000 b/d but that the gains will come from resources ei...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Egypt Gas Exploration Focus Shifts East As Output Record Nears
...UCHES 6BN CFD IN JUNE, JUST SHY OF DECEMBER 2011’S RECORD 6.22BN CFD SOURCE: JODI, EGYPT OIL & GAS, MEES. JORDAN: THE COMEBACK? Egypt last week signed a deal to resume gas exports to Jordan, ostensibly from early next year. A 9 August statement from Jordan’s energy ministry sa...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Lebanon Bid Round: Second Time A Charm?
...d not scare off the consortium, but adjacent Blocks 8 and 10 went bid-less. Five blocks were not tendered in the first round, so Lebanon has a total of eight it can offer up. The political situation is still more stable than 2011-16 when spillover from Syria was a critical concern, so if in...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Iraq Takes On Mansuriya
...-year development service contract signed in 2011. Nonetheless, Oil Minister Jabbar al-Luaibi calls their efforts a “failure” and maintains “great confidence” in the national oil companies’ capabilities to do a superior job. "The ministry will not hesitate to transfer unfulfilled contracts held by fo...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Egypt Goes West And Digs Deep In Quest For Oil Output Boost
...nger term it hopes a recently-launched bid round will provide a boost (MEES, 25 May). The key blocks on offer are in the Western Desert. Since 2011 the Gulf of Suez has seen its importance wane. It has been overtaken by the Western Desert, the country’s key oil province, where May output of 36...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Total Expands With Maersk Purchase
...rkine Basin: Anadarko-operated El Merk and HBNS, and Cepsa-operated Ourhoud. Gross output was 358,000 b/d in Q2; El Merk with 146,000 b/d was the largest contributor. Maersk’s net share was 36,000 b/d. Total owned 50% of Cepsa until 2011 but the firm’s current Algerian output comes from 35% of the 700mn cf...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Iraq Makes Progress On Chronic Gas Shortage
...e lowest since 2011. The upshot was that sales gas volumes soared 55% to more than 1bn cfd for the first time. The gains were largely driven by the Basra Gas Company (BGC: South Gas Company 51%, Shell 44%, Mitsubishi 5%) which processes natural gas produced from three fields in Basra province – BP...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Eni Output Down In Q2 But On Course To Meet 2015 Levels
...turning to Iran’s upstream sector. The lion’s share of receivables come from cash-strapped and crisis-hit Venezuela which owes the firm some €1.234bn. There does not appear to be an end in sight for the South American country as crude output fell to 2.27mn b/d in July, the lowest since April 2011. Th...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Algeria: In Amenas Gas Boost But Oil Set For Further Slide
...ndling” project that will boost rates of water treatment and thus re-injection from later this year. Cepsa, since 2011 owned by Abu Dhabi state investment fund IPIC, also operates the Bir El Msana (BMS) project, in the Berkine Basin around 100km north of Ourhoud. One of only two modest oilfield start-ups in...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Iran: Domestic Companies Seek Assurances Ahead Of Oil Opening
...volvement with Iran before sanctions. Besides supplying turbines, the company helped local firm Tuga to build its own turbine manufacturing plant. Before the 1979 revolution, Siemens was Iran’s chosen partner for the Bushehr nuclear power plant, which was completed in 2011 by Russian firms. Ma...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
South Sudan Oil Income Falls, Peace Process Stalls
...ippling $24.1/B to the government of Sudan in return for the use of its oil export infrastructure and in compensation for the oil resources lost by the north, when South Sudan became a separate state in July 2011. In recent months, it has been unable to keep up with these payments. The DPOC lifting pr...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015