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Neutral Zone Output Steady As Partners Seek Capacity Gains
...4,000 b/d (MEES, 31 January). That was the last full year of production before fields were shut from late-2014 onwards amid disagreements over management between Saudi Arabia and Kuwait (MEES, 24 October 2014). Operations are now in full swing after that prolonged shut-in, with expansion work underway. Mu...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Egypt Oil Output Gains Pick Up Pace But Gas Woes Continue
...e rest of the year that will come online,” he says. The Western Desert’s total rig count averaged 79 for Q2 this year, the highest since Q4 2014. Egypt remains a key region for Apache, with ‘Apache Egypt’ capex (including a 1/3 stake held by China’s Sinopec) rising 8% quarter-on-quarter to $20...
Volume: 66Issue: 32Published at Fri, 11 Aug 2023 -
Libya Exploration Looking Up As Eni & BP Lift Force Majeure
...11. It again planned to kick off drilling in 2012 before instability picked up (MEES, 4 June 2012). BP declared force majeure in 2014, and in 2015 wrote off the $598mn it had spent up till then on “exploration and other costs in Libya” (MEES, 31 July 2015). Eni in 2018 agreed to take over as op...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Apache Eyes 2H Western Desert Gains, More For 2022
...ypt, up from a Q2 average of six and just five – the lowest in well over a decade – for the preceding three quarters. But activity and spending remains low by any sort of historical perspective: the average 2014 rig count was 27 (see chart 2). Q2 saw 13 drilled and completed wells up from just six in...
Volume: 64Issue: 32Published at Fri, 13 Aug 2021 -
Algeria: Key Oil Fields At 20-Year Low
...eld operated by Spain’s Cepsa. From a peak of 470,000 b/d in 2007 and 384,000 b/d for 2014, the first full year of El Merk output, production has been in near continuous decline since, falling to just 220,000 b/d for 2020 and 175,000 b/d for the first half of 2021, according to MEES number-crunching ba...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Kuwait Upstream Chief Pledges Ambitious Investment To Boost Capacity
...pacity at 1.7mn b/d with a technical service agreement (TSA) in 2014, which was subsequently upgraded to an enhanced technical service agreement (ETSA) in 2016 (MEES, 15 July 2016). GAS: STEADY GAINS PLANNED When it comes to gas, KOC’s plans are at least more clear-cut. Mr Sultan says “we...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Egypt Falls Further Behind Oil Output Plan
...ntributed over 50% of the country’s overall oil output since 2014. The firm operates 25 concessions across the region through its two JVs with EGPC, Khalda and Qarun. Gross output from Apache’s Egypt fields, all in the Western Desert, fell to a two-year low of 200,400 b/d for Q2. This trend is due to co...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Iraq Crude Exports Edge Up In July
...opping 40% of oil revenues. Having posted seven consecutive quarters averaging $6bn/month oil export revenues (which per annum works out to at least $72bn), it is fair to say that Iraq has escaped the 2014-2017 mess of low prices and low revenues. The challenge now is even bigger: how does Iraq tr...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
QP Expands Overseas
...nce 2014), South Africa (MEES, 8 February), and, above all, in Qatar, where Total has 30% of the 300,000 b/d Al Shaheen field. And it’s not just upstream. Last month QP signed an $8bn US Gulf petchems tie-up with ConocoPhillips (MEES, 19 July). Following the latest deal, which awaits Guyana’s re...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Now Or Never For Leviathan As Partners Re-Float LNG Plans
...d Belgium’s Exmar to provide a Front-End Engineering and Design (FEED) study for the construction of an FLNG facility for Leviathan. This is not the first time that the partners have attempted to promote FLNG as part of Leviathan’s development. In 2014 Australia’s Woodside pulled out of a $2bn de...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Israel Awards 12 Blocks
...though that is due to be completely sold off by 2021 as part of another antitrust ruling from 2014 (MEES, 2 January 2015). Edison early this year said it was relinquishing Royee but later committed to drilling the block by September as part of a deal with 70% partner Ratio, which would in turn take 15...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Kurdistan Oil Sector Outperforming Expectations in 2018
...likely, but the 10,000 b/d production facilities are relatively close to a light oil discovery by Total and US firm Marathon that lies within the same current block (Block 11). The 43°API discovery at the Jisik-1 well in the now-defunct Harir block flowed at 6,100 b/d according to Total in 2014 (MEES, 5 De...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Libya: Fractured Institutions Fail To Distribute Oil Revenue Gains
...anches of Libya’s key economic institutions in Tripoli and the east of the country to cooperate (see box): a trick that since the 2014 split in the country’s government neither the UN Libya mission nor the institutions that it has backed have managed to pull off. ...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Libya’s Ongoing Institutional Splits
...Tripoli. But following the split in the government in 2014, a rival branch was set up in Baida. Baida’s current ‘governor’ is Mohamed Shukri, sworn in by the House of Representatives (HOR), the official parliament, on 29 January but rejected by the upper house, the High Council of State. • The tw...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
US Scales Back Output Growth Projections
...2018 import volumes are level with 2017 and well up on 2014’s 29-year low of 7.34mn b/d. Opec’s share of US crude imports did, however, fall to a record low of 31.6% in May Having slid to a 30-year low of 706,000 b/d in the second half of 2017 volumes from Saudi Arabia have recovered somewhat si...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Iraq Takes On Mansuriya
...nders in early 2014 (MEES, 28 February 2014), whilst later that year Islamic State attacks across Diyala province forced TPAO to halt operations (MEES, 10 October 2014). Despite a relatively high remuneration fee of $7/boe in the technical service contract, the stakeholders fell out with Baghdad ov...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Egypt Goes West And Digs Deep In Quest For Oil Output Boost
...creases in Apache’s Western Desert output have come from the 2014 Ptah and Berenice discoveries on the Shushan and Faghur basins respectively, which were hailed as the firm’s largest finds in Egypt in 13 years (MEES, 3 April 2015 ). The fields now produce around 30,000 b/d. Italy’s Eni, on the back of...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Libya’s Oil Production Gains May Flatter To Deceive
...bya’s oil sector since late 2014 did not give much reason for hope. Prior to 2017, the last time that oil output had exceeded 600,000 b/d was in the first half of April 2015; the last time that it averaged more than 600,000 b/d over the course of a month was in November 2014. The figures for 2017 ha...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
Abu Dhabi Plans Further Offshore Reshuffling
...bmit a bid after the initial concession expired in 2014. Rosneft has sought to expand its regional presence of late (MEES, 16 June) and is also prequalified to bid for upstream contracts in Iran. ZAKUM CONSOLIDATION? No detail was provided as to how Adma will be divided, nor the rationale. But th...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Egypt Oil Output: Apache Looks To Low Hanging Fruit For Output Rebound
...st couple of years. So a lot of low-hanging fruit that should help us with volumes and also with the ability to generate more free cash flow and also reinvest more,” he says. Apache’s most recent key Egypt output gains came in 2014 from the Ptah and Berenice fields in the Khalda Offset Permit in th...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017