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Cyprus & Israel Close In On Deals To Kickstart Aphrodite Development
...ergy way back in 2011, with Chevron taking over as operator with its $5bn purchase of Noble in 2020 (MEES, 9 October 2020). The initial A1 discovery well was drilled just 3km from the maritime border with Israel, leading to speculation that the reservoir extended into Israeli waters. Subsequent pr...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Iraq: Another New Gas-Focused Bid Round – Can It Attract Major Interest?
...cluding in Saudi Arabia). The structure includes two LR6 blocks on offer: North and South Rutbah. Elsewhere in Anbar, the Akashat block lies on the Syrian border. A 2011 map from Cambridge Carbonates shows indications of previous drilling activity near the block which is believed to have eight leads th...
Volume: 66Issue: 25Published at Fri, 23 Jun 2023 -
Chevron Submits Aphrodite Plan As Nicosia Attempts Strategy Shift
...e field, following its 2011 discovery, potentially more important will be a gas sales agreement with Egypt. While the Aphrodite partners will have one eye on exporting some volumes as LNG – the WDDM facilities land at Idku, at infrastructure adjacent to the 7.2mn t/y ELNG export terminal (also op...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023 -
Chevron Closing In On East Med Expansion Decisions
...velopment plan can be formulated that will see the country belatedly become a gas producer well over a decade after Aphrodite’s 2011 discovery. Nicosia will be encouraged by NewMed presentation material which indicates that the most likely scenario for Aphrodite development is tie-in to a Leviathan to Id...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
Zohr Production Cap Pushes Egypt Output Lower
...rminals in years to come (see p12). Egyptian LNG exports of 3.31mn tons for the first five months of 2022 were up 10% on the year-ago figure of 3.02mn tons to put 2022 on track for the highest LNG exports since 2011 according to figures from data intelligence firm Kpler. A key change from recent years is...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Egypt: Condensate Output Record As Gas Slumps
...erall output here, and that of key producer Apache in particular, has been on the slide. 2020 output was the lowest since 2011 with production falling further to an 11-year low of just 282,000 b/d for February. However production has risen in each of the past two months – it was 290,000 b/d for April – wh...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Libya’s NOC Plans Massive Upstream Opening
...drocarbons. With the dust barely settled from Libya’s third civil war since 2011 and last year’s devastating oil blockades (MEES, 25 September 2020), NOC is looking to kickstart a fresh wave of foreign investment to reach its ambitious goal of boosting output to 2.1mn b/d by 2025. There is room for op...
Volume: 64Issue: 23Published at Fri, 11 Jun 2021 -
Libya’s Oil Revenues Surge
...byan oil exports have similarly stayed at above 1mn b/d since November 2020, according to data intelligence firm Kpler. If such levels are sustained until the end of the 2021, Opec member Libya could be looking at its best performance since the collapse of the Gaddafi regime in 2011. While pr...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021 -
Saudi Arabia Gas: New Facilities, Greater Flexibility
...RIL ('000 B/D) PRESUMES ALL FUEL OIL BURNT IN POWER PLANTS (SOME IS USED AS INDUSTRIAL & BUNKER FUEL). SOURCE: JODI, MEES. 3: SAUDI ARABIA SALES GAS OUTPUT HAS BEEN CONSISTENTLY CLIMBING YEAR-ON-YEAR (BN CFD) CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, ME...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Algeria Looks To Reduce Reliance On Morocco Pipeline
...rocco and Spain, Medgaz was the more recent to start up in 2011. Capacity lags that of the 11.5bcm/y Maghreb–Europe Gas Pipeline (GME) which connects Algeria to Spain through Morocco. But Morocco is set to take ownership of its GME section next year. With the clock ticking the two countries have yet to...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Libya: Set For A Gas Boost In 2019?
...able than that of oil since the 2011 revolution, in some ways the picture has reversed over the past 18 months or so. Crude output steadily rose to reach 990,000 b/d in 2018 – and a six-year high of 1.26mn b/d in March – whilst gas production fell to 1.34bn cfd, down 25% from 2013’s record 1.79bn cfd ac...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Qatar Marks Embargo Anniversary With Exxon Tie-Up
...urces. The Golden Pass LNG import terminal (QP 70%, ExxonMobil 17.6%, ConocoPhillips 12.4%) in the US opened in 2011 with plans to import 15.6mn t/y of LNG from Qatar: but the “Shale Revolution” boosted US gas output to the extent that the partners began looking at turning it into an export facility (ME...
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Troubled Waters: GCC Internal Schisms In The Spotlight Again
...fers of assistance from other quarters. Turkey has pursued similar objectives to Qatar since the “Arab Spring” began in 2011, with both supporting Islamist groups across the region. It has moved rapidly to back Qatar, passing legislation on 7 June to permit the deployment of troops to the emirate in...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Tunisia Output Collapses: Southern Fields Shut In, No End In Sight To Protests
...in the wake of Tunisia's 2011 uprising. The lack of perceived benefits to locals from oil and gas output has been a recurrent theme. The Nawara project, previously known as the ‘South Tunisia Gas Project’ gave rise to protests in the south of the country even before it was sanctioned in 20...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Will The ‘Golden Age Of Gas’ Ever Arrive?
...The International Energy Agency in 2011 asked the question whether the world was entering a ‘golden age of gas’. It continues to flag up gas as the key “transition fuel” between a coal and oil-fuelled present and a low-carbon future, notably ahead of last December’s climate conference in Pa...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Bahrain: New Minister Challenged By Oxy/Mubadala Withdrawal
...cording to our agreement, in 2010 production will rise to 35,000 b/d, and then to 47,500 b/d in 2011. By 2016, it should grow to 102,300 b/d, before reaching a peak of 112,600 b/d in 2019” (MEES, 16 November 2009). The venture has had greater success in its plans to increase gas production capacity fr...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Jordan Looks To Join Underused GCC Power Grid
...gas from Egypt until Egypt halted exports in 2011 forcing a shift to liquid fuels, though Jordan began importing LNG last year. Jordan is looking to diversify further and is currently developing renewables and oil-shale fired capacity in a bid to reduce this reliance (MEES, 15 April). The GC...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Eni Advances Libya Gas Plans Amid Short-Term Cuts
...erated Greenstream pipeline linking Mellitah with Sicily – Libya’s sole gas export output – to rise to 688mn cfd last year, the highest level since the 2011 ouster of Mu’ammar al-Qadhafi. Eni, in its recently-released 2016-19 strategic plan gives the Bahr Essalam Phase II start-up date as H1 2018 with ne...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Egypt Lays Out Further Subsidy Cuts For 2015-16 But Overall Spending Up
...ckwards in the three years following the country’s January 2011 ‘revolution,’ over the last year or so both planned and actual spending – much of it fueled by Gulf cash – has taken off. In August 2014 Egypt laid out plans to spend $4bn on expanding the Suez Canal (MEES, 8 August 2014). Local media re...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Dea Looks To Boost Egypt Oil Output, Slams Algeria Terms
...ght now is the most important place for us to be,” Christoph Schlichter, Dea’s Senior VP, Production North Africa told this week’s World NOCs Congress in London. “Since the revolution in Egypt in 2011, a lot of companies looked at the country and asked themselves whether they can invest, whether it...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015