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Iraqi Infrastructure Crunch Begins To Bite
...cision is still some months off, the government appears to be leaning towards the 9.3mn b/d target to be achieved in phases by 2020, Mr Ghadhban said. The oil ministry, which has conducted its own study, looks to be still committed to reaching plateau by contractual 2017, albeit at a reduced 9.5mn b/d le...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Oman Anticipates More LNG Exports On Back Of BP Upstream Output
...oject starts ramping up end-2016/early 2017, Nick Wilson writes. In its 2011 annual report published in May, OLNG says although its exports by volume declined 2%, its revenue rose 26.47% compared to the year before from $3.13bn to $3.96bn due to a 31% rise in prices. OLNG’s sales are in Asia-Pa...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Kuwait’s Oil Minister Stands Firm Against MPs, Appoints Senior Management
...y that Kuwait’s foreign currency reserves will run out by 2017 if it doesn’t fix its finances. Minister of Electricity and Water 'Abd al-'Aziz al-Ibrahim has warned that the delay of al-Zour power plant will cause power generation shortages. Parliament had earlier demanded a halt to the pr...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
South Stream Construction To Begin By December
...s needs from Russia and wants to extend the existing contract from 2017 to 2035, while more than tripling the imported volumes to 1.7 bcm/y. Despite the establishment of Slovenia’s South Stream branch, the final onshore routing of the project has yet to be announced. MEES understands that th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Kuwait’s Oil Minister Under Political Pressure In Dow Ruling Fall-Out
...nd (IMF) said in a report in May that Kuwait will exhaust its foreign currency reserves by 2017 if it keeps on spending at the current rate. Mr Husain told state-owned news agency KUNA of the Dow deal investigation panel: “The panel will review the feasibility study of the project and the so...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Japan Pushes CCS To Secure Stakes In Abu Dhabi Offshore Concessions
...ploying enhanced oil recovery (EOR) technology onshore and offshore, including CO2, Mr Muhairi said. This could take 20-40 years to achieve he added. ADNOC’s stated goal is to boost its yearly average production capacity to 3.5mn b/d by 2017 and plateau it until 2030. MEES calculates it will be able to ac...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Kuwait Discovers More Burgan Reservoirs, Plans Water Injection
...14, with injection scheduled for late 2017,” Chevron tells MEES. Steam flooding takes time to ramp up output as the rocks slowly heat up, giving results that show how many injection wells are needed – Oxy had to double the number of wells at Muhaizna, Oman, once full field development steam in...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
New KNPC Chief And SPC Guidelines Revive Hopes For Kuwait Mega-Projects
...be taken before 2013. Potentially the project could boost Kuwait’s share of the additional Eocene 120,000 b/d by 2017. Meanwhile, KPC is also planning refineries in Vietnam (200,000 b/d), Indonesia (200,000-300,000 b/d) and China ($9bn, 300,000b/d), and is studying using Kuwaiti heavy crude as fe...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Cook: Shah Deniz 2 Consortium Looking For Scalability In Pipeline Proposals
...with their offers for pipeline transportation by 1 October 2011. Beyond that we have to take our final investment decision in 2013 and after that we expect to start gas production by 2017. The rights to the Shah Deniz field in Azerbaijan end in 2036. That may look quite far away but actually to...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
End Of Turkish-Azeri Impasse Starts Race For Shah Deniz 2 Gas
...2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, subsequently rising to 6 bcm/y by 2019. Of this 7 bcm/y from Shah Deniz 2, 6 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Turkish petrochemical group Petkim. It is un...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
BG Suddenly Pulls Out Of $800Mn-1Bn Oman Gas Field Project
...s are produced. It expects to produce 200mn cfd next year, ramping up to 1.5bn cfd by 2017. But the contract was negotiated in 2006, before production costs soared during the energy boom. Muscat hopes that another player will take over BG’s concession, but it would have to offer a much better deal – ev...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010