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Eni Discovers 1tcf Offshore Libya
...t to reach a depth of up to 4,500 meters (15,000 feet) once drilling is completed. Block 38 falls within the giant offshore ‘Area C’, awarded to BP in a landmark 2007 deal (MEES, 4 June 2007). After development plans were disrupted by the 2011 revolution and the ensuing instability, Eni took ov...
Volume: 69Issue: 12Published at Fri, 20 Mar 2026 -
Libya: Mabruk Oil Field Hits 25,000 b/d
...st few years, with oil output finally hitting a record 1.374mn b/d for 2025, the highest figure in 15 years (MEES, 2 January). This comes as IOCs have ramped up drilling activities for the first time since the 2011 revolution, with existing partners reporting stronger performance and a positive ou...
Volume: 69Issue: 10Published at Fri, 06 Mar 2026 -
Oman State Upstream Firm Targets 2025 Growth Via Acquisitions & Upgrades
...cond onshore block OQEP operates after Block 60. OQEP signed an exploration and production sharing agreement for Block 60 back in 2011. By 2014 it brought online the Abu Tabul tight gas field (MEES, 23 January 2015) where output averaged 20.1mn cfd for 1H 2024. This was followed by the discovery of the Bi...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...24). The Satis-1 Oligocene discovery was drilled in 2008 to a total depth of 5,883ms with Satis-3 drilled to a total depth of 6,592ms the following year. The block also contains the 2011 Salmon-1 Pliocene discovery which was drilled to a total depth of 1,632ms. The block has 1.1tcf of gas in place, EUG sa...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Nuclear, Renewables Drive Abu Dhabi’s Gas-For-Power Demand To Fresh Lows
...u Dhabi and Fujairah increased by 6% last year to a record 108.5TWh. The continued growth in clean-power generation means that Ewec’s gas consumption fell for the seventh consecutive year to 1.67bn cfd, the lowest figure since 2011 (see chart 2). Ewec’s gas consumption is now down 680mn cfd from its 20...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Israel & Cyprus Talk Power Link, Aphrodite-Ishai
...ach an agreement soon for the Aphrodite – Ishai issue,” Mr Papanastasiou confirmed. A dispute with operator Chevron has also held up development of Aphrodite which was discovered in 2011 (see main story). ...
Volume: 67Issue: 13Published at Fri, 29 Mar 2024 -
Gazprom Nasiriya Entry: Conciliatory Gesture?
...U with NIOC to develop Azar before being kicked out in 2011 (MEES, 17 October 2011). It’s unclear whether the firm’s work at Badra was indeed informed by Iranian data. The source assesses that Gazprom Neft’s Nasiriya pitch may involve moving some of Badra’s surface processing equipment, for wh...
Volume: 67Issue: 10Published at Fri, 08 Mar 2024 -
Libya Gas Exports At 13-Year Low
...Libya’s gas exports, all of which go to Italy via the 8bcm/y (775mn cfd)-capacity Greenstream pipeline, fell to just 137mn m3 (167mn cfd) for February, one of the lowest figures since the massive instability of the revolutionary year of 2011. With the two preceding months also having seen su...
Volume: 67Issue: 10Published at Fri, 08 Mar 2024 -
Wintershall Libya Assets In Limbo
...wn” from the board and “own less than 50% of LetterOne shares,” they retain a substantial holding (MEES, 6 May 2022). THE ASSETS THAT NO-ONE WANTS The problem for Libya, which is desperate to attract more upstream investment in a bid to regain output levels seen prior to the 2011...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Iraq’s Akkas & Mansuriya Fields: Back On Offer
...arded in 2011 to a consortium led by Turkey’s TPAO (22.5%op) alongside Korea’s Kogas (15%), and Kuwait Energy (since taken over by Hong Kong-listed UEG, 22.5%) and state-owned Oil Exploration Company (OEC 25%). Following IS’ ouster, disagreement on commercial terms with operator TPAO pushed Baghdad to ta...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Adnoc Partners With BPFor Transformative Israel Entry
...so holds a 30% stake at Cyprus’ 4.5tcf Aphrodite. Barely 30km apart and discovered within a year of each other, 2010 and 2011 respectively, the two fields are at very different states of development. Leviathan produced a record 1.103bn cfd last year, bringing in gross revenue of $2.5bn, while Ap...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
‘It’s A Beautiful Asset’: Chevron Talks-Up East Med Expansion Plans
...rect Israel-Egypt pipeline, this one a 600mn cfd onshore route linking Israel’s southern gas network with the Egyptian Sinai via the border crossing of Nitzana. APHRODITE BECKONS As for the potential for long-stalled development of Cyprus’ 2011 Aphrodite discovery, all eyes are now on an...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Egypt Gas Output Slump Means Lower LNG Exports Despite Record Israeli Flows
...lumes of 1.27mn tons (0.56mn tons Idku, 0.71mn tons Damietta) are the highest for the first two months of the year since 2011 – spot LNG prices have eased considerably in recent months (see p20), reducing the LNG revenue bounty for Egypt’s stretched economy (MEES, 24 February). 1: EGYPT GAS OU...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Cyprus: New Energy Minister
...major ExxonMobil is also eying further drilling in its Block 5 and 10 acreage this year following disappointing results from last year’s appraisal well of 2019’s Glaucus discovery on Block 10 (MEES, 10 February). The priority though will be the decision regarding Cyprus’ first gas discovery, 2011...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Saudi Aramco Plans 50% Gas Output Boost By 2030
...IMBS AT FASTEST RATE SINCE 2017 (BN CFD) *CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES. 2: SAUDI ARABIA OIL BURN* PEAKED WELL BELOW 2020 LEVELS LAST YEAR, BUT STILL TOPPED 1MN B/D OVER SUMMER (‘000 B/D) *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OI...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Asian LNG Prices Dip As Europe Outcompetes For Spot Cargoes
...pan and India, the latest import data for January indicates that both had already sharply curbed imports rather than compete for top-of-the-market spot supplies. Japan’s January import volume of 6.79mn tons was the lowest for the month since 2011. The average price paid for January dipped from De...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
Iraq Poised For 500MW Turkey Power Imports
...nce at least 2019. Ministry plans seen by MEES show two planned links. The first uses an existing 132KV line from Silopi in Turkey to Zakho in Iraqi Kurdistan which was last used in 2011 at an average 5MW. A contract for 150MW of 2021 imports did not go ahead after Turkish energy trader Aksa Aksen as...
Volume: 65Issue: 10Published at Fri, 11 Mar 2022 -
Egypt: Record 2021 Gas Output But Outlook Uncertain
...crease on December 2021’s 9,394 b/d, but still the lowest since 2011. TransGlobe says much of its “$33.1mn Egypt capital program is predominantly weighted towards 13 development wells within the Eastern Desert.” “With the finalization of the concession agreement, the primary focus of the 2022 Eg...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Opec+ Resists Pressure To Release More Oil Amid Ukraine War
...ssage to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine.” This is only the fourth such coordinated drawdown, and the first since 2011 when the Libyan revolution disrupted production there (MEES, 27 June 2011). Following its meeting, Opec+ st...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Aramco's 2020 Capex Cuts Push Back Key Upstream Project Timelines
...ojects, which had been planned to come online last year, are slated to provide 175,000 b/d production capacity. SAUDI ARABIA SALES GAS* OUTPUT HAS BEEN CONSISTENTLY CLIMBING YEAR-ON-YEAR (BN CFD) *CONVERTED FROM BTU TO CFD UNTIL 2011. SOURCE: SAUDI ARAMCO, MEES. GAS: TANAJIB SE...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021