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Qatar’s NFPS Ensures Legacy LNG Facilities Maintain Capacity
...tar carried out was the Plateau Maintenance Project (PMP) which started up in 2014. It involved brownfield work in the North Field and a revamp to onshore facilities aimed at maintaining the 10mn t/y capacity at its oldest three trains (MEES, 17 October 2014). Like the PMP project over a decade ag...
Volume: 68Issue: 29Published at Fri, 18 Jul 2025 -
Oman Posts Record Gas Output For 1H 2024
...om 2023’s record 5.0bn cfd. Production has been on a sharp upwards trajectory over the past decade, rising from 3.5bn cfd in 2014 thanks to the commercialization of sizeable unconventional gas deposits. Total gas availability is higher still at 5.4bn cfd, a figure that includes approximately 20...
Volume: 67Issue: 30Published at Fri, 26 Jul 2024 -
Egypt Gas Woes Continue As Output Slumps At BP’s Raven
...ases, output peaked at 2bn cfd in 2008 but had halved by 2014, with output now just 300mn cfd. Shell is moving ahead with Phase-10 and Phase-11 of the project but here any additional output will be offset by decline and the project may struggle to make it past the end of this decade. At Zohr th...
Volume: 67Issue: 28Published at Fri, 12 Jul 2024 -
Egypt’s Mature Onshore Sees Signs Of Output Growth
...s been on an almost continuous downward trend since upstream investment collapsed in 2015 following a halving of oil prices in late 2014 (see chart 1). Cuts to upstream budgets in 1H 2020 delivered a further kick in the teeth (MEES, 31 July 2021) But some smaller producers are beginning to boost in...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Egypt Gas Output Slumps On Zohr Outages
...bruary’s record low (MEES, 9 April). Sustained falls in oil output have come as firms slashed spending following 2014’s oil price slump and then again last year (MEES, 12 February). Key Western Desert producer Apache says it hopes to raise investment in the second half of this year, with output growth to...
Volume: 64Issue: 28Published at Fri, 16 Jul 2021 -
QP, Exxon Ramp Up Barzan Gas Output
...tended to start up in the first half of 2014 (MEES, 12 October 2012), but a litany of delays pushed this back by a full six years. ExxonMobil only confirmed earlier this year that the $10.3bn project had finally started up in 2020 (MEES, 2 April). QP has now fleshed out the details somewhat in the pr...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Iraq’s Minister Of Oil Parliament Questioning Session Underscores Energy Sector Challenges
...re “close to accuracy” – and added that the ministry had “observations” on Kogas’ performance. Kogas declared force majeure on the field in 2014 as Islamic State overran the area, but after the area was retaken Baghdad became frustrated with the Korean firm’s continued security concerns and sought to br...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Algeria’s Gas Exports Reach Decade High
...gnificantly boosted sales gas output (MEES, 21 May). So much so that Algerian production of 29bcm (11.4bn cfd) in the first quarter of 2021 was the highest on record. Although volumes dropped somewhat in April to 9.6bn cfd, this is still the highest April number since Algeria began reporting data to Jodi in 2014...
Volume: 64Issue: 26Published at Fri, 02 Jul 2021 -
Egypt’s Key Oil Producers See Output Slump
...ill.” In particular the firm is eying “stratigraphic targets” similar to the 2014 Ptah and Berenice discoveries (see map) which have been central to how Apache has since viewed the region’s geology. “We’ve got some wells we’re pretty excited to drill. The nice thing about those is they’re vertical, on...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
China’s CNOOC Enters Key Abu Dhabi Concessions
...ES. CHINA’S GROWING PRESENCE IN UAE UPSTREAM CHINESE EXPANSION China is a key buyer of Emirati crude, ranking as the UAE’s fifth largest client last year. But Chinese firms were absent from the country’s upstream until CNPC dipped its toe into the waters in 2014 with the es...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Iran’s Petropars Wins $1.3bn South Azadegan Contract
...rst phase of North Azadegan, but was kicked off of the South Azadegan development for slow progress in 2014 (MEES, 9 May 2014). Since then, Pedec has been responsible for its development. After the previous round of sanctions was eased in 2016 and Iran set about courting IOCs, a number of high pr...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iraq: Is China’s UEG Finally Ready To Realize Block 9’s Potential?
...ERGY GROUP: IRAQ ASSETS DEVELOPMENT STRATEGY When first discovered in 2014 Faihaa – itself an extension of Iran’s 112,000 b/d Yadavaran field (see map) – was touted as the “largest discovery in Iraq in the last ten years” (MEES, 12 September 2014), although it has since been eclipsed by Lu...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Saudi-Kuwait Neutral Zone Back Online
...Saudi Arabia and Kuwait have brought production at their Partitioned Neutral Zone (PNZ) back online after a one-month hiatus (MEES, 22 May). There is now production from both onshore and offshore fields for the first time since October 2014 (MEES, 24 October 2014). After production wa...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Kuwait-Saudi Talks Spark Renewed Speculation Over Neutral Zone Restart
...tween the neighboring states, but was shut in over the course of 2014 and 2015 due to disputes over its management. Kuwait’s state news agency Kuna reported that the 24 July talks came amid a series of consultations and coordination over how to restart PNZ production. These discussions have resolved al...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Algeria: Fresh Output
...19 averaged 1.025mn b/d, and while this is up 5,000 b/d year-on-year, it still represents a 15% fall over the past five years. Output averaged 1.209mn b/d in 2014, but has declined each year since amid investment declines. The picture on the gas front is also worrying. In the first four months of 20...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Baghdad-Erbil Oil Sharing Dispute Heats Up
...$13.4bn to the KRG. Kurdish crude tends to sell at an $8/B discount to Iraq crude export price, so at a $54.50/B selling price (the year-to-date average) 250,000 b/d works out to $5bn over 2019. The initial agreement to hand over Kurdish crude in return for revenues was struck in late 2014 wh...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
CNPC Hot Favorite In Abu Dhabi Opening As Adnoc Eyes Chinese Downstream
...though it was inaugurated in July 2012, this was largely symbolic (see p10) due to engineering problems which persisted for some time. But all appears to have been forgiven. First CNPC was awarded a 40% stake in the Al-Yasat JV with Adnoc (60%) in 2014. This started producing crude from the offshore Bu...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
Libya: Terminals Reopen, Instability Remains, Haftar Strengthened?
...Egypt, the UAE and to an extent Russia. The US responded to an attempt by Mr Jathran to sell an illicit crude cargo in March 2014 by intercepting the North Korea-flagged vessel (MEES 21 March 2014), but “the Americans will never ever stop a Russian – or Egyptian or UAE – flagged ship,” says Pu...
Volume: 61Issue: 28Published at Fri, 13 Jul 2018 -
Iraq Oil Revenues Soar But Stretched Southern Export Capacity Caps Gains
...port revenues – the first time since August 2014 that Iraq has recorded back-to-back months in excess of $7bn. MEES estimates that if export volumes and prices remain stable throughout 2018, Iraq’s annual earnings will be close to 2014’s $84.12bn, though still well shy of 2012’s record $94.03bn wh...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018 -
Saudi-Kuwait Neutral Zone: Supply Concerns Spur Restart Rumors
...2012, falling to 255,000 b/d in 2013 and just 140,000 in 3Q 2014, the last full quarter of production (see chart). Meanwhile, the PNZ’s onshore portion is managed by a JV of KGOC and Saudi Arabian Chevron. Output here averaged 190,000 b/d in 1Q 2015 before operations were halted that May (ME...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018