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Iraq Hopes Major Interest Will Spur Capacity Growth
...strictions. Since 2014, Iraq has announced numerous capacity targets, but most have failed to materialize. Officials this year signaled plans to increase capacity to 6-7mn b/d by the end of the decade. This would keep Iraq ahead of the UAE as Opec’s second largest producer, though the UAE could overtake it as it...
Volume: 68Issue: 43Published at Fri, 24 Oct 2025 -
Egypt Posts First Gas Output Rise In Three Years
...d-2023, though still well shy of the record 921mn cfd posted in 1Q 2014. EGYPT GAS OUTPUT (BN CFD): Q3 OUTPUT REBOUNDS TO 4.20BN CFD FOLLOWING SUCCESSFUL DEVELOPMENT DRILLING. CAN IT BE SUSTAINED? *INCLUDES OFFSHORE, ‘EASTERN DESERT’ (GOS WEST BANK) & SINAI (E BANK). SOURCE: EGYPT PETROLEUM MI...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
Algeria To Launch New Bid Round In Early-2026 Amid Shale Gas Push
...ploration in the Algerian Sahara in 2014 and 2015, amid environmental concerns, with violent clashes breaking out between protesters and police forces (MEES, 6 March 2015). A 2014 bid round featuring a number of shale-plays failed to garner interest, with no contracts awarded for any of the shale blocks of...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Qatar Targets 380,000 B/D From Al Shaheen
...s contract for the field in 2022, but output has dropped from 7,700 b/d in 2015 to 1,800 b/d in 2023. The only one of these fields on a growth trajectory of late is Al Khalij, which was awarded to TotalEnergies in 2014 (MEES, 20 March 2015). Output dropped from 23,600 b/d that year to just 10...
Volume: 68Issue: 40Published at Fri, 03 Oct 2025 -
Algeria Launches ‘Bid Round 2024’: Still Plenty Of Unanswered Questions
...geria. The acreage looks impressive, and with majors and other IOCs already beating a path to Algiers, the country will surely do better than its previous flopped bid round way back in 2014 (MEES, 3 October 2014). However, interested parties will still have plenty of questions as to what exactly is be...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
Kuwait & Saudi Target Dorra Gas Start-Up By 2029
...ich all volumes would be piped onshore for processing is in line with the plan previously-favored by Saudi Arabia. Under these plans all gas was to be piped onshore to Ras al-Khafji, with Kuwait’s share then piped up the coast to its facilities (MEES, 4 July 2014). Failure to agree on a development pl...
Volume: 66Issue: 41Published at Fri, 13 Oct 2023 -
Shell Discovery Offers Hope As Egypt Gas Output Slide Continues
...August) has yet to result in a substantial output hike. The region’s output was flat month on month at 285,000 b/d for August despite rig count figures showing that drilling in the Western Desert is at the highest level since December 2014 (see chart 2). In addition to Apache, which says its ou...
Volume: 66Issue: 41Published at Fri, 13 Oct 2023 -
Kuwait Sets Out Plan To Reverse Capacity Losses
...e long-overdue facility is one of a trio of identical plants which were originally intended to boost North Kuwait conventional output up to 1mn b/d (MEES, 11 July 2014). Instead, North Kuwait capacity last year was just 563,000 b/d. Looking ahead, Mr Hashem says that a central plank of KOC’s pu...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
Egypt Gas Market Tightens As Fuel Oil Burn Returns
...oothly since an extended 2019 shutdown for repairs, and before that chronic 2014-16 gas shortages (MEES, 17 May 2019), it is worth noting that Q2’s 268,000 tons of methanol output was well down on the average of around 300,000 tons for the preceding three quarters. Whilst the firm’s most recent results in...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Kuwait Oil Company Capacity Slumps To 12-Year Low
...pacity dropped to 1.391mn b/d, down by 97,000 b/d from 2019-20’s 1.488mn b/d for a cumulative loss of 320,000 b/d over the past five years (see chart 3). BP was brought in during 2014 (MEES, 14 November 2014) under a technical service agreement – later upgraded to an enhanced technical service agreement (ET...
Volume: 64Issue: 42Published at Fri, 22 Oct 2021 -
Iraq Picks Up The Pace On Exploration; Can It Snag Chevron?
...6tcf of 5.6tcf gas in place is estimated to be recoverable. Akkas was originally awarded to Korean state firm Kogas (100%) in 2010, with the firm targeting 400mn cfd for a remuneration fee of $5.50/boe (MEES, 25 October 2010). Kogas declared force majeure on the field in 2014 as Islamic State ov...
Volume: 64Issue: 41Published at Fri, 15 Oct 2021 -
Algeria’s Sonatrach Greenlights Key Gas Project
...tput will be far lower than the headline 5bcm/y figure. Sonatrach last published a production figure for Alrar way back in 2014 when output was 5.5bcm. UK engineering firm Petrofac is currently carrying out an EPC contract for Tinhert Phase 1, which sees another group of Illizi basin fields tied ba...
Volume: 64Issue: 41Published at Fri, 15 Oct 2021 -
Eni’s Zohr Under Threat From Water Infiltration
...2.7bn cfd was raised to 3.2bn cfd at the behest of Egypt’s President Abdel Fattah al-Sisi as Egypt suffered gas shortages between 2014-2017, causing countrywide power cuts. In June last year at a conference in Cairo delegates warned that over-drilling could result in the reservoir’s collapse but th...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Yemen: Second State Firm Restarts Production
...ar that production had once again started at its Block 9 which produced 6,000 b/d before the security situation deteriorated in 2014 (MEES, 17 May). But of all these, Safer’s return, reported by Reuters, could prove to be the most consequential yet. For one thing, Block 18 is amongst the most vi...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Qatar Petroleum Finalizes Idd al-Sharghi Takeover
...nce Saad al-Kaabi took over as CEO in 2014 (MEES, 14 September 2014). Under his leadership, the role of IOCs at Qatar’s oil fields has been greatly reduced, either through tighter terms or with QP taking over entirely. This week saw QP finalize its takeover of two fields, replacing US firm Occidental (Ox...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Tunisia’s Upstream: Can It Emerge From A Lost Decade?
...llowing the revolution, the country’s 2014 constitution made it even more difficult for the government to award exploration blocks. In the name of oversight and transparency (key demands of the uprising, among others) the new constitution’s Article 13 stipulated that any new awards must be approved by pa...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Iraq: New Government, Old Problems
...Adil Abd al-Mahdi was confirmed as Iraqi Prime Minister late on 24 October as he managed to secure parliamentary approval for the bulk of his cabinet nominees. His predecessor Haidar al-Abadi is undeniably bequeathing Mr Abd al-Mahdi a more stable situation than the one he inherited in 2014 (ME...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Back To The Future: Rehabilitation Of Red Sea Terminal Boosts Saudi Export Flexibility
...s been some time coming. Aramco’s 2014 Annual Review said “we completed 90% of the design package to de-mothball and integrate the Al-Mu’ajjiz Terminal.” Mr Qahtani, in his May 2017 interview, said the terminal was scheduled to be up and running this year, although the firm’s 2017 Annual Review cast do...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Iraq: Aging Infrastructure To Hinder Basra Gains?
...nistry to improve the terms of its technical services contract (TSC) at the supergiant field. BP’s initial plateau production target (PPT) was 2.85mn b/d but the British firm negotiated it down to 2.1mn b/d in 2014 (MEES, 12 September 2014). BP was rumored to be in talks to lower the PPT to 1.8mn b/d ea...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Omani Oil Output Nears 1mn B/D Mark, Revenues Soar
...lumes coupled with rising prices. MEES estimates that crude and condensate export revenues brought in $1.98bn in September – the highest figure since December 2014. 3Q’s sum of $5.63bn is up $2.09bn year-on-year - nearly 60%. Year-to-date revenues are up 35% on the same period in 2017, which will he...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018