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Libya Achieves 15-Year High Oil Output In 2025
...25, a 19.4% increase year-on-year and the highest annual figure since the country’s 2011 revolution (see chart). “This clearly indicates the impressive success of NOC’s strategy to increase crude production,” the state firm said in a statement on 1 January. RECORD HIGHS The ou...
Volume: 69Issue: 01Published at Fri, 02 Jan 2026 -
Eni/Kogas Quit Cyprus Blocks As Development Plans Awaited
...tension to the standstill, MEES understands. Aphrodite was Cyprus’ first gas find in December 2011. But amid protracted wrangles over contractual terms (MEES, 30 August 2024), it may be overtaken by Cronos as the first Cyprus field to reach production. CYPRUS KEY BLOCKS & GAS DISCOVERIES...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
Libya Ends 2024 With 1.4mn b/d Crude Milestone As Bid Round Remains Stalled
...INSTABILITY The instability that has plagued Libya’s vital oil and gas sector since the 2011 revolution that ousted longtime ruler Muammar Gaddafi has made IOCs wary of committing to serious investments in the country (MEES, 19 January 2024). Ambitious plans to boost crude ou...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025 -
Cyprus’ Gas Ambitions: Could Cronos Overtake Aphrodite?
...Cyprus’ 2011 Aphrodite gas discovery risks being overtaken by Eni’s 2022 Cronos find in the development stakes. Nicosia faces key 2024 gas decisions. CYPRUS’ 2024 UPSTREAM MILESTONES *Mid-January: Cronos drilling completes *End-March: Deadline for Chevron to su...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Egypt Extends Deadline On Key Offshore Block
...05). A development lease had already been granted based on four gas fields discovered by Apache, and Hess made a further discovery (Dekhila) in 2008 (MEES, 22 December 2008). But though production had been slated to begin in 2009, development never happened. Hess relinquished the block in 2011 having fa...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Egypt Posts 10-Year High LNG Exports Of 6.8mn Tons For 2021
...ghest monthly figures since 2011 (see charts 1 & 2). Egypt has two LNG liquefaction facilities. The 7.2mn t/y ELNG terminal at Idku (Shell 36.75%, Petronas 36.75%, TotalEnergies 2.5% and 12% each for Egypt state firms EGPC and Egas) shipped 3.82mn tons or 58 cargoes for 2021 according to figures fr...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Exxon Looks To Partner Up In Egypt
...rt of Shell’s giant North East Mediterranean (Nemed) block where the Anglo-Dutch major drilled 10 wells between 1999 and 2011 including 2001’s Leil-1 on the Star acreage which hit sub-commercial quantities of gas. One key change since then is that Cairo has since hiked the amount paid for gas ou...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Libya Gas Exports Lowest Since 2011
...Libya’s gas exports to Italy fell to 430mn cfd in 2020, down 22% on the year. This is the country’s lowest gas export figure since the 2011 revolution when production shutdowns caused exports to plummet to just 215mn cfd. Libya is connected to Italy through the 775mn cfd Greenstream pi...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Sonatrach’s $40bn Five-Year Plan: Spending Is Not Enough
...S 2016 HIGH SOURCE: JODI, MEES. 3: ALGERIA COMPLETED CLOSE TO 1300 DEVELOPMENT WELLS BETWEEN 2011 AND 2019 SOURCE: SONATRACH, MEES. 4: ALGERIA MADE 271 OIL AND GAS 'DISCOVERIES' BETWEEN 2011 AND 2020 ENDLESS EXPLORATION Algeria’s rig co...
Volume: 64Issue: 02Published at Fri, 15 Jan 2021 -
Exxon’s Star Shines Brightest Among Egypt’s Slew Of Mediterranean Awards
...tch major Shell’s former giant North East Mediterranean Deepwater (Nemed) block. Shell acquired Nemed in 1999 before relinquishing it in 2011, but not before it drilled a total of ten wells across the acreage. Though just one of these wells, 2001’s Leil-1 which discovered “non-commercial” qu...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Egypt Gas Output Rebounds As Oil Slumps To Record Low
...diterranean gas output to within 200mn cfd of the monthly record 4.57mn cfd at the 2011 height of output from Shell’s West Delta Deep Marine. WDDM is in long-term decline. The latest gains have come predominantly from Eni’s giant 21.5tcf Zohr field where capacity hit 3.2bn cfd in April, but for the bulk of 20...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Egypt LNG Exports Boosted By Bumper Winter Buying
...nter season, well up from 22 for the year-ago period and the highest comparable figure since 37 for the 2011-12 winter peak. But that peak was achieved when the country’s other LNG export terminal, the 5mn t/y Segas facility at Damietta was still operational. Damietta has remained shut since No...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Libya: Output At Seven-Year High; Can It Last?
...solved two long-running contractual disputes with industry heavyweights Total and Wintershall Dea. Both firms committed to fresh exploration and development projects (MEES, 13 December 2019), something of a rarity for Libya since 2011. Success for Libya will depend on how much of a return IOCs and co...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Genel Farm-In Boosts Development Prospects At Chevron KRG Blocks
...20. The first well was drilled in 2011 but then-operator, Canada’s Niko Resources deemed the quantities of light 43-46°API crude non-commercial (MEES, 12 November 2012) and relinquished the asset the following year. Chevron pounced on the block in early 2013 (MEES, 1 February 2013) as it was sn...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya Revenues At 5-Year High But Remain Unstable As Noc Eyes Gas Boost
...volutionary year of 2011. At a press conference in Benghazi on 6 January NOC chief Mustafa Sanalla said the country’s current output is 953,000 b/d, with a 2018 average figure of 1.107mn b/d. The latter figure, presuming that it is accurate, almost certainly includes NGLs. MEES estimates Libya’s 2018 cr...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
East Med Gas Developments Gather Pace In 2019
...arby prospect will be drilled back-to-back. Despite hopes surrounding ongoing drilling, Cyprus’ key existing discovery, 2011’s 4.2tcf Aphrodite, has yet to move to development. 2019 could finally be the year, however, with the field’s partners, US firm Noble Energy, Shell and Israel’s Delek, in on...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Iraq: Record Exports, But Contract Reform Hangs In The Balance
...e firm has Iraqi experience as a partner at the Ahdab field (CNPC 37.5% operator, Zhenhua 37.5%, North Oil Company 25%) in Wasit province. Output began in 2011 and is currently around 140,000 b/d. Zhenhua also has 35% in Syria’s Gbeibe gas field on the frontline between the Islamic State and Ku...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Libya’s NOC To Lift Investment Moratorium; But Divisions Remain
...store pre-conflict output of 1.6mn by 2021, Mr Sanalla tells MEES. In the longer term, the state body is aiming to increase production to 2.1mn b/d, he adds. “We intend in the coming months to lift our self-imposed moratorium on foreign investment in new projects” that has been in place since 2011, sa...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
East Med: Leviathan FID Stalls As ExxonMobil Looks To Cyprus Offshore
...hr, but failed in its attempts to re-obtain the block last year before the bid round was announced and yet again in the bid round itself. So far Cyprus’ only offshore gas find, the 5 tcf Aphrodite, discovered by Noble in late 2011 remains undeveloped. There has been no further progress on Ap...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Post-Sanctions Iran Courts Admirers
...OC) and that supply of crude oil would start immediately. No figures were provided, but prior to sanctions, Hellenic imported approximately 30% of its 310,000 b/d crude oil supply from Iran (approximately 93,000 b/d). In 2011, the last year before the EU embargo on oil purchases, Iran supplied Gr...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016