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BP Seeks To Build On Historic Middle East Foundations In ‘Return To Upstream’ Strategy
...ream. BP returned to the remodeled concession in December 2016, after the original concession agreement expired in 2014, and the current agreement runs until end-2054. Return to Adco lifted BP’s net Abu Dhabi output to a record 257,000 b/d in 2017, but after the offshore Adma concession expired at the en...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Saudi Power Revamp Progresses Apace Amid Record Electricity Demand
...8GW expansion to the 2.2GW PP12 plant, which is situated around 100km west of Riyadh. PP12 is a modern CCGT power plant running on gas feedstock, which started up in 2014 and is operated by SEC. In a 14 March announcement, Korea’s Doosan stated that SEC has awarded a consortium of it and China’s Se...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
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