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Offshore Med & Nile Delta Blues Continue For Egypt Gas Output
...shore Nile Delta, is in even worse shape. Q1’s output of 510mn cfd marked a seven-year low, whilst losses of 3% versus Q4 marked the sixth consecutive quarter on quarter fall to leave output 62% below Q3 2017’s peak 1.36bn cfd (see chart 1). WHAT GOES UP… Back in 2017 the key Ni...
Volume: 66Issue: 21Published at Fri, 26 May 2023 -
Kurdistan’s Khor Mor Gas Expansion Back On Track
...8mn), up from $59mn in the same period last year (see chart 2). This is by far the biggest figure since 2Q 2017’s $707mn, following which an agreement was reached with the KRG in August 2021 to write them off in return for a cash payment and the licenses to two additional exploration blocks (MEES, 1 Se...
Volume: 66Issue: 20Published at Fri, 19 May 2023 -
Kuwait Targets 2030 For Delivery Of $19bn In Megaprojects
...rth Kuwait, mostly from the Raudhatain and Sabriya fields (see map, p3), had hit 600,000 b/d by end 2022, up 37,000 b/d on the 563,000 b/d figure at the end of 2020-21 but still below 2019-20’s 635,000 b/d and the 2017-18 peak of 760,000 b/d. 2022’s gains may well be thanks to the ramp-up of op...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Shell & BP Advance Egypt Drilling As Chevron & Exxon Make Deepwater Splash
...igocene finds in Egypt’s Mediterranean include Eni’s Temsah, where output peaked at 1bn cfd in 2012 but has singe fallen to negligible levels with decommissioning work ongoing. The Miocene, meanwhile, offered up BP’s Atoll field, which came online in late 2017 and produces around 400mn cfd. Shell and pa...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Iran’s Million Barrel West Karun Ambitions Recede Into The Distance
...arded Petropars a $1.3bn contract (MEES, 24 July 2020) to deliver the phase after hopes of bringing foreign IOCs were derailed first by Iran’s protracted and unfavorable contracting offerings in 2016 and 2017 (MEES, 2 September 2016 & MEES, 23 June 2017) before sanctions dealt the final blow. Re...
Volume: 66Issue: 18Published at Fri, 05 May 2023