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  1. 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: 66
    Issue: 13
    Published at Fri, 31 Mar 2023

  2. 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: 66
    Issue: 13
    Published at Fri, 31 Mar 2023

  3. ‘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: 66
    Issue: 11
    Published at Fri, 17 Mar 2023

  4. 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: 66
    Issue: 11
    Published at Fri, 17 Mar 2023

  5. 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: 66
    Issue: 09
    Published at Fri, 03 Mar 2023