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Kurdistan’s Miran Partners Target 2027 First Gas
...up to 8tcf and was previously operated by London-listed Genel Energy. The KRG, disappointed by the lack of progress years after signing a gas sales agreement (GSA) with Genel in 2017, revoked the company’s PSC for Miran and the nearby Bina Bawi block in 2021 (MEES, 20 August 2021). Under the te...
Volume: 68Issue: 33Published at Fri, 15 Aug 2025 -
Egypt Launches Upstream Charm Offensive Alongside 12-Block Bidding
...hr’ across both this and its other nearby acreage (MEES, 24 March 2017), including 2022’s Fagr-1 dry hole on the on-offer Block 6 (South Zohr). Zohr was discovered in a carbonate build-up in the Cretaceous formation. And it is in the Cretaceous that Egas flags up 10.7tcf of risked resource on the bl...
Volume: 67Issue: 35Published at Fri, 30 Aug 2024 -
Egypt Gas Slump Continues With IOCs & Cairo In Payments Standoff
...2). Gas output fell to 5.01bn cfd for Q2, with this and the latest monthly figure of 4.923bn cfd for June the lowest respective figures since early 2017’s start-up of BP’s key West Nile Delta project which was followed by that of Eni’s giant Zohr field at the end of the year (see chart 1). The co...
Volume: 67Issue: 34Published at Fri, 23 Aug 2024 -
Oman Eyes Fourth LNG Train Taking Capacity To 15.2mn t/y By 2029
...untry has experienced a gas ‘renaissance’ since 2017 when BP brought online the massive Khazzan gas development. With the second phase Ghazeer expansion successfully added, the field now produces 1.5bn cfd, some 37% of the country’s current non-associated gas output. Added to this is new output from th...
Volume: 67Issue: 31Published at Fri, 02 Aug 2024 -
Saudi Aramco Gas Output Leaps In Q2
...elds) and the more modest 75mn cfd Midyan plant in 2017. In order to be better able to meet domestic demand during peak periods, Aramco has also commissioned the Hawiyah Unayzah Gas Reservoir Storage facility. Aramco injects gas into the facility during low-demand periods, and once fully operational it...
Volume: 66Issue: 32Published at Fri, 11 Aug 2023 -
Egypt Braces For Prolonged Power Cuts
...ypt’s Electricity Ministry. Fuel oil imports though increased before that, rising to 237,000 tons (1.57mn barrels) for the week beginning 17 July, the highest in Kpler data going back to 2017. This coincided with the beginning of the power cuts. Last year Egypt ramped-up fuel oil burn, as it ma...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Iraq’s Output Hits Export Capacity Limits
...to a nominal 5.4mn b/d, in reality capacity is considerably lower due to storage constraints, inadequate pipeline capacity and insufficient pumping stations. A further 600,000 b/d-capacity terminal, Khor al-Amaya (KAAOT), has been offline since 2017 due to pipeline leaks. Perhaps wary of a re...
Volume: 65Issue: 32Published at Fri, 12 Aug 2022 -
Kurdistan Looks To Terminate Genel’s Gas Development Contracts
...ese negotiations remain ongoing.” There is however scope for a compromise. When finalizing the PSCs and Gas Lifting Agreements (GLA) for the two fields in February 2017 (MEES, 17 February 2017), Genel highlighted options following any termination. “During the three-year period following such a te...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
Oman Advances Its 2021 Bid Round
...ltiple bid rounds in recent years. Block 49 was awarded to Sweden’s Tethys in 2017 (MEES, 24 November 2017) and it last year farmed out a 50% stake to US shale specialists EOG Resources (MEES, 13 November 2020). Last year’s Thameen-1 well on Block 49 was ultimately disappointing with no flows re...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
KRG: Chevron, Genel Press Ahead At Sarta Despite Water Ingress
...latively painlessly. But, given the track record of similar issues elsewhere in Iraqi Kurdistan, it is clearly worth watching. Indeed, Genel is well aware of this given that water-cut issues at its Taq Taq field contributed to massive decline rates (MEES, 31 March 2017). Taq Taq output peaked at 13...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
Algeria: Key Oil Fields At 20-Year Low
...,000 b/d for 1H 2021 is up on 2020 but well down on typical 2017-18 volumes, echoing the long-term decline in the field’s gas output. In Salah, a second project grouping BP and Equinor with Sonatrach, is also in long term decline (see chart). *Algeria knows that it needs to attract more IOC in...
Volume: 64Issue: 31Published at Fri, 06 Aug 2021 -
KRG Project Delays Stunt Upstream Growth
...eld and Kirkuk’s and Avana Dome in late 2017, Iraqi Kurdistan’s upstream sector has since brought several key projects online due both to regularized KRG payments and higher oil prices. MEES estimates that KRG output jumped from 310,000 b/d at end-2017 to 492,000 b/d two years later (MEES, 8 November 20...
Volume: 63Issue: 35Published at Fri, 28 Aug 2020 -
Tunisia’s Oil Industry Faces Existential Crisis
...mour movement emerged in 2017 when protesters blocked the main oil pipeline at El Kamour in protest at lack of local investment and jobs in the southern provinces of Tataouine and Kebili (MEES, 2 June 2017). The protesters say the government has still not fulfilled pledges to tackle the issues (MEES, 26...
Volume: 63Issue: 33Published at Fri, 14 Aug 2020 -
BP, Shell Step Up Egypt Offshore Action
...the east. At North Damietta’s Atoll field, BP plans to drill a fourth development well in 1Q 2020 hiking output from 300mn cfd to 400mn cfd. Discovered in 2015, ‘Phase-1’ Atoll output began in December 2017. Development is also ongoing at the nearby Qattameya field, discovered in March 2017...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Algeria Touat: Imminent
...mpleted in 2016 (MEES, 25 August 2017). The Touat delay has forced Neptune to revise down its overall net output guidance for the year to 150-155,000 boe/d from 155,000 boe/d targeted in its Q1 results. Neptune’s 35% project stake will give it “around 16,000 boe/d net production at plateau,” a level th...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Iraq In Line For Offshore Pipeline Overhaul
...ys the deal involves replacing two existing pipelines. The first supplies the ancient Khor al-Amaya oil terminal (KAAOT; 600,000 b/d) which has remained closed since 2017 due to leakage in the 48-inch pipeline. The second reported pipeline is one “operating at partial capacity to ship crude to the Ba...
Volume: 62Issue: 33Published at Fri, 16 Aug 2019 -
Kurdistan’s Shaky Outlook For Gas Exports
...The Kurdistan Regional Government (KRG) of Iraq has ambitious gas export plans. In 2017 it signed up Russian state firm Rosneft to construct a 30bcm/year pipeline to supply Turkey with gas by 2020 (MEES, 22 September 2017). But there is little sign of any progress on expanding the existing pi...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Egypt Falls Further Behind Oil Output Plan
...ntinue, at least in the short term as Apache slashes spending. Apache’s spending in Egypt was reduced to $107mn (including Chinese state firm Sinopec’s 1/3 stake in Apache Egypt) in Q2, the lowest quarter since 1Q 2017 and 35% down on the same quarter last year. Apache plans to reduce its average rig co...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Egypt Gas Output At Record Level
...bra and Taurus fields (MEES, 15 March). BP says Giza and Fayoum output is around 340mn cfd, implying around 360mn cfd from Libra and Taurus, a significant fall from the initial 700mn cfd the two fields produced when they were brought online in May 2017 (MEES, 12 May 2017). Phase 3 of the project, th...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
KRG Gets Vote Of Confidence From Key Upstream Players
...st two years. Until recently, Erbil was squabbling with foreign operators over payments, which hindered investment and output (MEES, 10 February 2017) – a reality further exacerbated by the loss of revenues from 280,000 b/d worth of production after Baghdad retook key Kirkuk fields following the fa...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019