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  1. Cyprus Rejects Chevron’s Modified Aphrodite Development Plan

    ...ither the 2019 FDP nor a previous iteration dating back to 2015 led to development of the field which was discovered back in 2011. Speaking exclusively to MEES, Mr Papanastasiou provided insight regarding the government’s decision to reject the modifications filed by Chevron in late May. “We had an...

    Volume: 66
    Issue: 34
    Published at Fri, 25 Aug 2023

  2. 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: 66
    Issue: 33
    Published at Fri, 18 Aug 2023

  3. 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: 66
    Issue: 31
    Published at Fri, 04 Aug 2023

  4. Opec Output: Saudi Floats Potential Deeper Voluntary Cuts

    ...tages, Libya, which is exempt from the cuts, has seen its output stabilize for a 12th straight month above 1.1mn b/d with drilling running at close to the highest level since the country’s 2011 revolution (see p5), IRAQ: HOsES BOOST EXPORT CAPACITY          Iraqi production continues to rise as th...

    Volume: 66
    Issue: 31
    Published at Fri, 04 Aug 2023