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Chevron Eyes Egypt Expansion As Israel Output Closes In On Record High
...evron’s unwillingness to consider potential synergies with Cyprus,” the source tells MEES. Chevron also gained Cyprus’ 3.5tcf Aphrodite field in the Noble transaction, but despite the field being discovered in 2011 it has yet to be developed. Aphrodite is located just 30km from Leviathan (see box). “Ch...
Volume: 68Issue: 19Published at Fri, 09 May 2025 -
Aphrodite On The Rocks? Cyprus’ First Gas Find Faces Uncertain Future
...ay hardball with the partners of the country’s first gas discovery, 3.5tcf Aphrodite, made back in 2011. On 30 April, Nicosia informed the field’s partners, Chevron (35%op), Shell (35%) and Israel’s NewMed (30%), that their latest proposed revisions the field’s 2019 development plan, submitted on 28 Ma...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Cyprus’ Aphrodite: Chevron Spuds Crucial A3 Well
...Drilling has started at Cyprus’ 4.5tcf Aphrodite field. Will results from this second appraisal well finally see the field’s partners, led by US major Chevron, submit a development plan? To say that development has been slow at Cyprus’ 4.5tcf Aphrodite field, discovered in December 2011, wo...
Volume: 66Issue: 18Published at Fri, 05 May 2023 -
Energean Touts Modest Israel Gas Find, Hopes For More To Come
...ich offer an easier route to development – possibly as a tie-back to Karish alongside the 2011, 0.9tcf Tanin discovery. The latest find “enhances the profitability of the Karish-Tanin development,” Energean says, flagging up the potential for both tie-back to the 8bcm/y (780mn cfd) Energean Power FP...
Volume: 65Issue: 19Published at Fri, 13 May 2022 -
Libya’s North Hamada: Development At Last?
...t the 2011 ‘revolution’ marked the beginning of years of instability. Though Tripoli in late-2011 approved Medco’s declaration of commerciality on structures A+L, D and F, by then the firm like most other foreign companies had pulled its staff out of the country. It returned in 2013 and drilled th...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Egypt’s Offshore Delta Output: Nooros Boost, Rapid Decline
...ing finalized by BP and Eni.” The plan is for the field to be developed as a tie-in to the existing Ha’py infrastructure and to “build on BP’s success in the Atoll project” where the firm produces 300mn cfd. The 2011 Salmon discovery, also on the North el Burg offshore license, is “currently under ev...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Tunisia Struggles To Halt Oil And Gas Decline
...ocessing facilities that serve its Cercina, El Hajeb/Guebibba, Rhemoura and Gremda/El Ain concessions, bought from OMV in 2018. Output was 3,900 b/d for Q1, down from 2018’s 4,100 b/d. Mr Feriani hailed the fact that the number of exploration permits granted has reached 30 for the first time since 2011...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Egypt: Record Gas Output, Exports At Seven-Year High
...pped 1bn cfd for the first time since December 2011. They have likely risen further since, with Egypt’s gas consumption typically bottoming out in March. Though rising domestic demand as summer approaches would normally crimp volumes available for export, continued production gains are of course a co...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Iraq Edges Closer To Crucial Seawater Megaproject Deal
...eded for firms to hit their production plateau targets (PPT). In 2010 the oil ministry tapped ExxonMobil’s expertise for a multi-billion dollar Common Seawater Supply Project (CSSP), but the project subsequently fell prey to changing terms, failed negotiations, scandal as Exxon entered the KRG in 2011 (ME...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Total To Become Top Algeria Producer In $9bn Oxy Side Deal
...lling. The company’s only stake was 35% of the aging Tin Fouye Tabankort (TFT) wet gas field where output has fallen from a peak of 680mn cfd in 2011 to just 400mn cfd for 2017 – netting Total a measly 15,000 boe/d, three-quarters gas (MEES, 23 March 2018). But from that trough, the company’s Algeria ou...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Egypt Gas Output At Record Levels As Cairo Launches Bid Rounds
...l Minister Tarek El Molla said current output is running at 5.9bn cfd. Egypt’s output could in the coming months top the previous all-time high of 6.219bn cfd set in December 2011. Zohr is on course to reach output of 2bn cfd by end-2018 and full plateau output of 2.7bn cfd in 2019, Eni says. Zo...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Oman Eyes Ambitious Downstream Gas Projects With Total, Shell MOUs
...ke off globally despite initial optimism. However, no information regarding scale, cost or timeframe of any plant was offered. Qatar has been the technology’s biggest player; its 140,000 b/d Pearl GTL JV with Shell is a world-beater. But the $18bn plant has suffered several setbacks since 2011 st...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Qatar Plans For 2019 Drilling To Fuel Massive LNG Expansion
...equently had 5-6 operating up to mid-2018 as it was ramping up production capacity towards its current 77mn t/y, which was achieved in 2011 (MEES, 14 February 2011). QP’s drilling subsidiary Gulf Drilling International (GDI) has nine offshore rigs in total, of which three appear to currently be co...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Cyprus Exploration: Crunch Period Nears
...om drilling in Block 3 by Turkish warships (MEES, 16 February). This was the first time though that Turkey has managed to halt drilling offshore Cyprus since 2011. The likelihood that it would block drilling in Block 10 is lower: both due to the relative diplomatic strength of the US and Italy, an...
Volume: 61Issue: 18Published at Fri, 04 May 2018 -
Libya Oil Output Set For Three Year High
...output cut of 1.2mn b/d agreed in Algiers in November 2016 (along with a 558,000 b/d production cut by non-Opec oil producers), which began on 1 January and was due to run until 30 June. Given that Libya’s output is still barely half the 1.6mn b/d it was producing prior to the 2011 revolution, it...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Tunisia: Key Gas Project Faces Further Delays As Unrest Grows
...ndane – a lack of investment. This has been due both to instability since the January 2011 revolution – instability in terms of uncertain terms and conditions as well as physical unrest – and, since mid-2014, lower oil and gas prices. Precisely zero new exploration permits have been awarded since the start of...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt Gas Boost Cuts Import Needs, But Self-Reliance Still A Distant Goal
...covery, with BP’s 1.5 tcf Atoll set to add a further 300mn cfd from mid 2018. But even with the Nooros and WND boost, Egyptian output is only back to early 2014 levels: it is still some 1bn cfd short of the near-6bn cfd average of 2011 and 2012 (see chart – the Nooros field which is in shallow water but dr...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Egypt’s Petchems Boosted By New Gas – But Demand Also Rising
...r power and heat generation averaged 3.01bn cfd in 2016, equivalent to 74% of the total average gas production of 4.06bn cfd. The percentage of Egypt’s gas burned for power and heat generation has been rising sharply in recent years, from 45% in 2011, and the situation is likely to get worse since ga...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Abu Dhabi Shakes Up Adnoc Management
...per Zakum field between 2007 and 2011, and graduated with a Masters in Petroleum Engineering from Imperial College London in 1995. He replaces ‘Ali Rashid al-Jarwan, who had held the post since 2006. The Adma concession expires in 2018 and the current partners are BP (14.67%), Total (13.33%), In...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
New Saudi Minister Faces Task Of Turning Vision Into Reality
...o was reportedly talked out of retiring as far back as 2011. The parallels between the two are evident according to Ms Nakhle: “they are both technocrats, they don’t come from the royal family, they both come from Aramco. They have experience in the industry, so it was an obvious choice.” Mr Fa...
Volume: 59Issue: 19Published at Fri, 13 May 2016