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SRAK Strikes Gas In Saudi Arabia, But Tough Terms And Rising Costs Cloud Development Prospects
...ran gas suggests any extra costs will be met, and that the company will attempt to stick to the schedule to provide gas by December 2011. At Karan, two platform jackets have already been installed, MEES understands. The Karan cost increase results from some scope changes (storage capacity was in...
Volume: 51Issue: 30Published at Mon, 28 Jul 2008 -
Saudi Aramco Moves Ahead On Yanbu΄ Downstream Project With ConocoPhillips
...trochemicals and it will also use existing port facilities. Both Yanbu' and Jubail will be full conversion refineries and be configured to run mainly heavy, higher sulfur crude from the 900,000 b/d Manifa increment, due on-stream starting in 2011. EPC Bidding Schedule Prospective bidders for the four ma...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
TAP Pipeline Key For European Alternatives To Russian Gas Supplies
...lmy-Rey participated in the televised signing of a major gas export agreement in Tehran (MEES, 24 March). The preliminary agreement envisages the beginning of Iranian gas exports to Switzerland by late 2009 at a level of 1.5 bcm/year, rising to 2-4 bcm/y in 2010 and 2011 and reaching a maximum rate 5....
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
Gassi Touil Contracts Awarded, But Three-Year Delay Hits Algeria’s Gas Export Target
...isting units, Sonatrach said in a statement. The Japanese engineering firm saw off rival bids from Italy’s Saipem, Canada’s SNC-Lavalin, and Swiss firm ABB in partnership with Sonatrach subsidiary Sarpi. This section of the upstream project is due for completion in January 2011. Deferred Gas Export Ta...
Volume: 51Issue: 29Published at Mon, 21 Jul 2008 -
Algeria Signs $468Mn Contract With Hyflux To Build ‘World’s Largest’ Desalination Plant
...d Sonelgaz, is worth an estimated $468mn and covers the construction and financing of the plant, as well as the buying and selling of the desalinated water. At the signing ceremony, Algeria’s Minister of Energy and Mines Chakib Khelil said that when completed in 2011, the plant would provide for th...
Volume: 51Issue: 28Published at Mon, 14 Jul 2008 -
Egypt Announces Record Budget For 2008-09
...vernment, according to the report, confirmed its intention to pursue its policy of reducing the ratio of budget deficit to GDP to 3% by 2011-12, but has projected a ratio of 6.7% in 2008-09. At the same time the 2008-09 budget has allocated some E£215bn ($40.2bn) for “social spending”, an increase of...
Volume: 51Issue: 28Published at Mon, 14 Jul 2008 -
IEA Medium-Term Outlook Envisages Continuing Tight Oil Market
...neration activities, will rapidly expand in non-OECD countries.” IEA World Oil Supply And Demand Outlook 2008-13 (Mn B/D) 2008 2009 2010 2011 2012 2013 OECD Demand North America 25...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Algeria To Spend $5.5Bn Expanding Its Oil And Gas Pipeline Network
...17* 137* 323 Expected Capacity By 2011 Number Of Pipelines 13 3 5 18 39 Length (Km) 5,368 1,718 3,...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
FCP To Approach Banks After The Summer To Finance Algeria’s MLE Project
...s formerly the Chief Operating Officer. FCP said that the MLE field will come on-stream in 2010, producing 200mn cfd of gas and 20,000 b/d of liquids, with the Central Area Field Complex (CAFC) coming on stream in 2011. Production in the Block 405b MLE field will then be ramped up to a level of 30...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Kashagan Deal Concluded, With First Oil Set For 2013
...at the projected development costs of Kashagan had increased from $57bn to $136bn. The latest production deadline is the fourth to have been agreed. The previous agreement, in January 2008, called for production start-up in 2011. Terms for the latest deal include an additional 7.5-8% royalty pa...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008 -
Saudi Aramco Awards Utilities Contract For 900,000 b/d Manifa Project
...e contracts has prompted talk of delays to the targeted 2011 start-up. However, Aramco last month said it was confident the project would begin production on schedule (MEES, 7 July). Manifa is probably the most ambitious initiative in Aramco’s current project schedule. Costs are likely to be si...
Volume: 51Issue: 27Published at Mon, 07 Jul 2008