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Libya Gas Exports Fall To 22-Year Low
...ich provides the bulk of the country’s output and 100% of exports. Eni’s net sales gas output in Libya slumped from its 2017 record of 1.58bn cfd to just 568mn cfd for 2024. However, there are signs of a rebound, with production having bottomed out at 510mn cfd in 2021. It has since risen in...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Kuwait Upstream Capacity Tops 3mn B/d
...pacity back up from 563,000 b/d in 2020 to 700,000 b/d (MEES, 26 July 2024), though capacity will remain below its 2017/18 peak of 760,000 b/d. Also in northern Kuwait, a boost came from heavy oil reserves, with KOC earlier this month stating that capacity here has hit 90,000 b/d from 75,000 b/d in 20...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025 -
Oman Gas Output Surges To Record 54.5bcm For 2024 With Further Expansions Eyed
...e single largest addition to upstream gas output since BP’s massive 1.5bn cfd Khazzan gas field started in 2017. Indeed, the gains at Mabrouk North East – whose output averaged 480mn cfd for 1H 2024 – were more than those for Oman overall, implying that output was cut at other gas fields to make sp...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
BP Spuds Egypt Well As Shell Eyes Higher WDDM Gas Price
...fshore infrastructure was sparse. But that has since changed with BP developing WND which came online from early 2017 (MEES, 12 May 2017). BP’s WND facilities have 1.4bn cfd of gas processing capacity, so there will still be 800mn cfd spare even after the two recent Raven wells are brought online. An...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
Trump’s Twin Desires: Energy Dominance & Low Prices
...rst term started in 2017. The year prior to his first term, liquids exports of 5.26mn b/d were well behind Saudi Arabia and Russia, but they have since doubled and have been running at more than 10mn b/d for the last two years. The US overtook Saudi Arabia in 2020 to seize the crown as the world’s la...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
Egypt Gas Output Boost As BP & Shell Complete Offshore Drilling
...e to imminently begin its own two-well campaign at Zohr in an attempt to add 220mn cfd to the current 1.6bn cfd output (just half of 3.2bn cfd capacity) by mid-2025 (MEES, 10 January). The WND Phase-1 Libra and Taurus fields were brought online in 2017 with Phase-2 Giza and Fayoum joining them tw...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
Mauritania: Mena’s Newest Gas Producer
...ack at being a petrostate. The Chinguetti oil field started up with much fanfare in 2006 but output rapidly dwindled from an initial 75,000 b/d, with the country’s only producing field finally coming to a halt in 2017. And, with further exploration having largely dried up, expansion at Tortue and/or...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025 -
Oman Hits Record Gas And Condensate Output For 2023
...tput increases (see chart 1). The biggest gains came with the 2017 start-up and subsequent expansion of the huge Khazzan tight gas field on Block 61 (BP 40%op, OOC 30%, PTTEP 20%, Petronas 10%: MEES, 7 July 2023). Gas sector momentum shows signs of continuing into 2024, with international companies pu...
Volume: 67Issue: 04Published at Fri, 26 Jan 2024 -
Egypt Gas Output & LNG Exports Slump To Multi-Year Lows For 2023
...Egypt’s gas output slumped to a six-year low 5.82bn cfd for 2023 with LNG ex-ports halving to 3.32mn tons despite record 835mn cfd imports from Israel. Egypt gas output fell for the second consecutive year, slumping 11% to 5.82bn cfd for 2023, the lowest level since 2017. While Egypt’s ma...
Volume: 67Issue: 01Published at Fri, 05 Jan 2024 -
Record-Breaking Oman LNG Signs New Sales Deals
...G sector over the past seven years has been remarkable. Exports bottomed out in 2015 at just 7.91mn tons amid a narrative of decline as rising domestic demand from the power generation sector crimped feedstock availability. The September 2017 start-up of the 1bn cfd Khazzan tight gas development co...
Volume: 66Issue: 02Published at Fri, 13 Jan 2023 -
Oman Oil Output Back Above 1mn B/D
...0,000 b/d for the first time in June 2020 it has stayed well above that mark ever since. Essentially, Oman is capitalizing on the December 2019 decision by Opec+ to bring the non-Opec cohort in line with Opec and exclude their condensate production from the cuts (MEES, 6 December 2019). Between January 2017...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Egypt Extends Deadline On Key Offshore Block
...der-performance – the WND Phase-1 Libra and Taurus fields which came online in 2017 are no longer producing while Phase-2 Giza and Fayoum have dwindled to 250mn cfd – has left substantial ullage at the pipelines and onshore processing facilities. These processing facilities near Idku adjoin those us...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Qatar Holds Off US To Remain Global No.2 LNG Exporter
...rgest LNG market, emerged as Qatar’s largest buyer in 2021 (see chart 2), with Qatar shipping 11.46mn tons there according to Kpler. Korea had been the largest market for Qatar since 2017, but when its demand cratered in 2020 during the height of the Covid-19 pandemic, the East Asian country was ov...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
2021: A Year of Challenges & Opportunities For Iraqi Kurdish Oil
...0,000 b/d-worth of production from Avana Dome and Bai Hassan fields to federal Iraqi troops in late 2017 (MEES, 20 October 2017), the semi-autonomous region managed to grow its overall oil output. Based on company figures and estimates, MEES puts average-2020 production at 454,000 b/d – a figure closely in...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Kurdistan Oil At Center Of Iraq Budget Disputes
...me after federal forces retreated from the Islamic State in 2014. The federal government reclaimed these assets in 2017 MEES, 20 October 2017). The Opec+ cuts are primarily from an October 2018 baseline, when KRG output was approximately 400,000 b/d. Whichever way you look at it, full-year pr...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Latest Saudi Discoveries Boost Unconventional Outlook
...pacity now stands at 400mn cfd. Meanwhile, at Midyan Aramco commissioned a 75mn cfd gas processing plant in 2017 which supplies local facilities. SAUDI ARABIA: RECENT FINDS & KEY UNCONVENTIONAL BASINS ...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Exxon’s Star Shines Brightest Among Egypt’s Slew Of Mediterranean Awards
...ell (MEES, 24 March 2017). A 2018 paper from Eni’s Zohr discovery team notes that Shell was “targeting the extension of the classic Tertiary clastic play of the Nile Delta, which turned out to be not commercial,” whilst the Zohr find resulted from “something profoundly different… isolated carbonate bu...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Iraq Breaks From The Past In Fifth Bid Round
...ES, 22 September 2017). The addition of revenue sharing is new to this round, although cost recovery terms still differ from the production sharing agreement model prevalent elsewhere in the region. Still, the majors’boycotting of the licensing round – with the exception of Eni’s optimistic bi...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
KRG: Key Fields Set For 2020 Gains
...ate firm Taqa 47.4%op, Canada’s Shamaran 27.6%, KRG 25%) and the Sarsang license (HKN 62%, Total 18%, KRG 20%). Atrush is the newest producing field in Kurdistan, with production only beginning in 2017. It has swiftly become a key producer, and output rose to a record 32,000 b/d last year. This wa...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Oman: Blocks 3 & 4 Finish 2019 In Style
...ocks’ partners, it has to be noted that this comes while Omani output was capped at 970,000 b/d under the Opec+ agreement. Under the initial round of cuts in 2017-18, the blocks’ output was capped at 41,000 b/d (MEES, 20 January 2017), and while the cap was increased minimally in 2019, it is hard to see ho...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020