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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 -
Libya’s Mega 2025 Bid Round 2025: 22 Blocks, 235,000 km2, 1.6bn boe
...ins on the back of increased drilling activity have renewed interest in the sector. Spain’s Repsol and Austria’s OMV, as well as Italy’s Eni, recently resumed drilling in Libya for the first time since 2014 (MEES, 1 November 2024), with the former two optimistic about further gains in 2025 (MEES, 28 Fe...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...05tcf. Notus is the third undeveloped gas discovery of Cluster 2, made in the Oligocene. Drilled in 2013 to a total depth of 7,200ms by UK firm BG (since taken over by Shell), gas in place is estimated at 1.22tcf by EUG. In 2014 BG filed a development plan for Notus but stated that moving forward wa...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt: Apache Eyes Gas Gains As Eni Output Slumps
...ES, 17 October 2014), Egypt returned to (joint) top billing in Apache’s Q4 results on 27 February. The US independent says it is “building a sustainable base, anchored by [the] Permian and Egypt.” Following a late-2024 agreement that brings “gas-focused investment to economic parity with oil,” by hi...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Libya Upstream Enters ‘New Era’ With Launch Of Long-Awaited Bid Round
...aly’s Eni, recently resumed drilling in Libya for the first time since 2014 (MEES, 1 November 2024). ‘LIBYA IS BACK’ Ç In a televised event in Tripoli, acting NOC chief Massoud Suleiman launched the bid round, saying it marks the end of 17 years of “neglect” of Libya’s resources and “ye...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Libya Gas Exports At 13-Year Low
...BYA’S ANNUAL GAS EXPORTS TO ITALY: 2023’s VOLUMES WERE ALREADY A POST-REVOLUTION LOW (MN CFD) *ENI LOWERED ITS OFFICIAL CAPACITY FIGURE FROM 11BCM/T TO 8BCM/Y IN 2014. SOURCE: SNAM, ENI, MEES. 3: ENI'S MELLITAH* GAS OUTPUT IS SET TO FALL BUT WILL GET MID-DECADE BOOST FROM BOURI THEN ST...
Volume: 67Issue: 10Published at Fri, 08 Mar 2024 -
Qatar Sees Buoyant LNG Demand Outlook As It Sanctions Further Expansion
...oductive layers of the giant field extend towards the west.” The discovery follows a drilling campaign of more than 20 appraisal wells since 2014. “Most recently, QatarEnergy has focused its efforts and attention on determining how far west the North Field extends in order to evaluate the production po...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Iraq’s Akkas & Mansuriya Fields: Back On Offer
...railed by the rise of the Islamic State (IS)terrorist group (MEES, 25 October 2010). Both are located in areas that were either occupied or threatened by IS in 2014 (see map), and firms continue to cite security concerns at the sites. Nevertheless, Oil Minister Hayan Abdulghani says Akkas and Ma...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Egypt’s Cheiron & Kufpec Eye 25,000 B/D Gulf Of Suez Boost
...erall production edged up from 2021’s multi decade low to 568,000 b/d for 2022 (MEES, 3 March), Gulf of Suez output fell again to just 122,000 b/d, the lowest in over a decade. If GNN ramps up as planned this could potentially raise Gulf of Suez output back to 2014 levels of 143,000 b/d. Cheiron op...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Baghdad’s New Contract Model: Can It Reverse IOC Exodus?
...rdistan, where Production Sharing Contracts (PSCs) were on offer, despite Baghdad threatening to blacklist any firms which signed deals with the KRG (MEES, 12 September 2014). Lack of interest in new acreage was just the beginning. Things soon deteriorated further, with IOCs beginning to exit the co...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Chariot Advances Morocco Gas Development Plan
...her nearby leads on the Lixus permit could take reserves to 6tcf. Spain’s Repsol discovered Anchois back in 2009, before declaring it uneconomic and relinquishing the acreage in 2014. Repsol’s discovery formed part of a surge of exploration interest in Morocco’s ‘Atlantic Margin’ that petered ou...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Egypt Oil Output Turns A Corner With Apache Drilling At 8-Year High
...evated levels. Apache says it plans to maintain a 17-rig program for 2023 for the highest annual figure since 2014 and up three from the average 2022 figure of 14 (see chart 4). As for capex, Apache reveals in its latest annual filing that it is committed to spend at least $1.8bn in Egypt between Ja...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Mena’s No.1 Producer Total Doubles Down On UAE Presence
...dn’t warrant a namecheck. 1: TOTALENERGIES' NET ABU DHABI LIQUIDS OUTPUT ('000 B/D) *2014 VOLUMES DROPPED DUE TO EXPIRY OF ADNOC ONSHORE (ADCO) CONCESSION. SOURCE: TOTALENERGIES, MEES. 2: CEPSA'S NET SARB & UMM LULU* PRODUCTION ('000 B/D) *BASED ON OMV'S EQUIVALENT 20% ST...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Kuwait & Saudi To Develop Joint Offshore Dorra Gas Field
...oduction from the offshore portion was halted in 2014, and the onshore portion in 2015, due to disagreements between the two and only resumed in February 2020 (MEES, 28 February 2020). PNZ exports have since recovered to around 250,000 b/d according to data intelligence firm Kpler, well below the notional 50...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Petronas To Exit Egypt: LNG & Upstream Stakes On The Block
...ar dispute between Cairo on one side and Shell (formerly BG) and Petronas on the other (MEES, 21 January 2014). Though Shell sought to calm the waters with a return to investment in 2018 (MEES, 23 March 2018), this remains a live issue. The major’s freshly-released 2021 annual report flags up as...
Volume: 65Issue: 10Published at Fri, 11 Mar 2022 -
Dana Petroleum Quits Key Egypt Assets
...it Bay, South October and South Wadi Dara – as well as 30% of the Eni-operated West Abu Gharadig in the Western Desert. The firm also retains 100% stakes in two Upper (southern) Egypt exploration concessions, West Dakhla-1 and -2, which it signed up for in December 2013 (MEES, 3 January 2014). PO...
Volume: 65Issue: 10Published at Fri, 11 Mar 2022 -
Egypt: Record 2021 Gas Output But Outlook Uncertain
...ices headed south in late 2014, with 2020 seeing further cuts to capex budgets. … NOW FOR THE REBOUND? However Cairo has now moved to stop the rot by updating production sharing contract (PSC) terms that, key producers argued, failed to incentivize investment in mature ac...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Petrofac Shut Out Of Key Abu Dhabi Market
...eas in January by a former Petrofac employee [former sales chief David Lufkin] under the Bribery Act 2010 in relation to historic contract awards in the UAE in 2013 and 2014.” The SFO says that the specific contracts were for the 2013 engineering, procurement and construction (EPC) contract for th...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
Shell Sells Egypt Western Desert Assets To Cairn & Local Firm Cheiron
...ploration, with Shell and Apache securing a deal that would have paid them $4.60/mn BTU for shale gas production from the acreage (MEES, 19 December 2014). This compares to the $2.65/mn BTU paid for all current onshore gas output, including that of Shell. The three exploration blocks – South East Horus, We...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021 -
Egypt LNG Exports At 9-Year High Amid Seasonal Buying Bonanza
...rst made these claims at the start of 2014 they were somewhat spurious: MEES number-crunching at the time showed that, whilst Cairo had indeed diverted gas to the domestic market, output decline was the primary reason for BG’s failure to meet export commitments (MEES, 7 February 2014). With WDDM ou...
Volume: 64Issue: 10Published at Fri, 12 Mar 2021