- Sort by:
- Score
- Published ▼
-
Kuwait’s Upstream Foreign Investment Drive Begins
...indication as to where the focus of any exploration would be. Total has previously looked at investing in Kuwait, with then-oil minister Isam al-Marzuq saying in 2017 that the French IOC and Russia’s Lukoil were to be awarded ETSAs for heavy oil development (MEES, 2 June 2017). Those plans ul...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Israel’s Leviathan: Chevron Advances Plans To Near-Double Capacity To 23 Bcm/y
...al that saw Leviathan development kickstarted (MEES, 8 December 2017). Beyond Chevron, London-listed Greek firm Energean is the only other operator in Israeli waters. Its 600mn cfd Karish is banned from exporting and Energean was able to secure a foothold in the domestic market by under-cutting Ta...
Volume: 68Issue: 09Published at Fri, 28 Feb 2025 -
Cairo Aims To Arrest Gas Output Decline But 2025 Gains Look Unlikely
...cember, there was no sign of a turnaround, with production of 4.421bn cfd the lowest since early 2017. This takes output back to levels last seen before the March 2017 start-up of BP’s $9bn West Nile Delta project. As with many projects offshore Egypt, WND saw rapid decline with the ‘WND Phase 3’ Ra...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt’s Output Collapse: Gas Down 16% To Below 5bn Cfd For 2024, Oil At 45-Year Low
...nce the start up of WND in early 2017, whilst December’s Med figure of 3.169bn cfd was the lowest since Zohr began to ramp up output the following year. *BP’s Raven field, which accounts for almost all of current WND output, is also the country’s largest condensate producer. As such, sl...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt: BP Plans Fast-Track El King Development
...2002 by US firm Apache, a BP spokesperson tells MEES. Whilst Apache subsequently walked away, the prospects of commercial development have since been boosted by BP’s nearby West Nile Delta (WND) development, which started up in 2017. The nearest infrastructure at the Giza field is just 20km ea...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Cheiron Taps Funds For 100mn cfd Egypt Development
...th first gas potentially as early as June, although slippage to H2 is possible, a source at Egypt’s oil ministry says. Engie (formerly Gaz de France), which discovered the field in 2008 (MEES, 9 June 2008), went as far as filing a development plan before selling up to Cheiron in 2017. Ch...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Egypt Upstream Output Set To Fall Further In 2024 As Zohr Slump Continues
...LNG exports (MEES, 5 January). Production plumbed a new 6-year monthly low of 5.24bn cfd for December, the lowest figure since the start-up of the country’s workhorse Zohr field in December 2017 (see p4). And it will only likely get worse in 2024. Eni-operated 21.5tcf Zohr, which contributed 36...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Egypt Gas Crunch To Intensify Even Amid Record Israel Imports
...vember 2017, the month before the start-up of the country’s giant Zohr field (MEES, 15 December 2017). Output has fallen further to around 5.0bn cfd currently, MEES understands. Ominously for Cairo, LNG exports have remained threadbare in recent months despite the record receipt of Israeli gas. Egypt wa...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Eni Eyes ‘Best Fast-Track Development’ For Cyprus Cronos Find
...tal Cyprus blocks are due to expire in 2025, with Nicosia expected to agree to renewals despite several of the blocks not having been drilled since being awarded as far back as 2017. 2026 may also see Eni and Total revisit the Cuttlefish prospect on Block 3 where Turkish warships prevented dr...
Volume: 67Issue: 07Published at Fri, 16 Feb 2024 -
Qatar Awards $6bn Contracts In Bid To Restore Al Shaheen Oil Capacity
...e blockade instituted against it in 2017 (MEES, 7 December 2018). Since then, Qatar has pursued an independent crude output policy. Back in 2020 when Opec+ producers made deep cuts Qatar continued supplying the market with its medium-sour crude, capitalizing on the price boost of Opec+ cuts wi...
Volume: 67Issue: 04Published at Fri, 02 Feb 2024 -
Iraq Eyes Gas Boost With Signing Of Fifth Licensing Round Contracts
...OIIP although only 20-30% of this is expected to prove recoverable – around 480-720mn barrels. An oil well was drilled in 1976 and tested 4,000 b/d of gas-rich oil from the field’s first pay in the Upper Cretaceous, with high pressure damaging the rig. In 2017, projections were for state-owned Mi...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Oman Envisions Ambitious Gas Developments But At A Cost
...ntures. The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 spurred Oman’s gas revolution, with the second phase 500mn cfd Ghazeer play boosting the sultanate’s production to record levels when it came online in 2020. This success sparked international interest in Oman’s unconventional gas pl...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Egypt’s Cheiron: FID For 150mn Cfd West El Burullus
...e ‘East Alexandria’ block which was put on offer last month in a bid round launched by state gas firm Egas (MEES, 6 January). Cheiron purchased West El Burullus from Engie in 2017 (MEES, 19 May 2017), with the French firm the previous year having taken FID on the stand-alone development of the WE...
Volume: 66Issue: 06Published at Fri, 10 Feb 2023 -
Tunisia Sees 2021 Output Rebound. Will It Last?
...e show was local firm Topic’s offshore Halk El Menzel field which started up in January 2021 (MEES, 22 January 2021) and produced 5,800 b/d for year, easily snatching the title of the country’s top producing field. Sales gas output soared past the 200mn cfd mark for the first time since 2017 af...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Kurdistan’s Baeshiqa Field Set For Q2 Startup
...crease significantly, along with considerable volumes being moved into the 2P category. The bulk of current resources, 37.8mn barrels, are within the Baeshiqa structure. BAESHIQA SUPPLEMENTS TAWKE Baeshiqa will be the first new asset that DNO has brought online in Kurdistan since Peshkabir in 2017...
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
Iraqi Kurdistan Gas Pipeline Boost: Turkey Exports Next?
...reement, Kurdistan was to supply Turkey with an initial 4 bcm/year from 2017, rising to 10 bcm/y by 2020 with the option of increasing to 20 bcm/y (MEES, 17 January 2014). A 2017 agreement for Rosneft to construct a pipeline with up to 30 bcm/y capacity also came to naught. Progress since then has been es...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Syria Says Oil Sector War Damages Hit $100bn As Assad Loyalists Scoop Contracts
...y asset in Kurdish-held territory is the 20,000 b/d Block 26 along the Iraqi border, which since January 2017 has been operated by Syrian state firm GPC under a revenue-sharing deal with the local Kurdish authorities (MEES, 11 June 2021). Despite GPC’s operatorship, production from Block 26 appears to...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Iran Sets New Production Targets As Owji Offers Oil To The World
...rget is a flashback to 2015 when the Joint Comprehensive Plan of Action (JCPOA) was signed and Iran sought to bring foreign firms back into the country. Back then Iran targeted 5.7mn b/d by 2017-18 (MEES, 25 September 2015), but few firms were willing to take the plunge. TECHNICAL & FINANCIAL CH...
Volume: 65Issue: 05Published at Fri, 04 Feb 2022 -
Egypt: BP’s Key WND Project Sees Output Collapse
...line in March 2017 via tie back to processing facilities at Idku that had been used to process gas from Shell’s offshore WDDM fields. That there was ample spare capacity was due to the faster-than-expected decline at Shell’s fields (MEES, 19 February). So perhaps BP should not have been surprised when Li...
Volume: 64Issue: 08Published at Fri, 26 Feb 2021 -
Oman Capitalizes On Opec+ Condensate Exemption With 2020 Output Surge
...rgely enabled by the BP-led development of Block 61’s Khazzan tight gas field, which reached full phase-1 capacity of 1bn cfd (10bcm) in 2018 after starting up in 2017 (MEES, 29 September 2017). Oman liquids production had been capped by Opec+ ever since Khazzan’s startup, meaning that until last year Mu...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021