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Saudi Awards Khurais FEED
...erall oil production capacity from 10mn b/d to 12.5mn b/d currently. Saudi Aramco CEO Khalid al-Falih said last week that a further addition would come from the offshore Shaybah field to production of light crude oil by a further 250,000 b/d by 2016 or 2017. Shaybah can produce 750,000 b/d. No aw...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Oman To Take 40% Stake In Khazzan Tight Gas Deal
...oceedings. It has previously said it harbors hopes of exporting more LNG after the BP project hits full production. Delays in the project’s implementation however mean the company will have to hold back on making plans for this extra gas until 2015 at least; when plans for 2017-onwards production and de...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
QPI To Pull RWE Bid
...%, RWE 20%) deep-water concessions. The project is not scheduled to be online until the end of 2017, following several years of delays. The BP/RWE venture secured a rare pricing scheme from state firm, Egyptian General Petroleum Corporation (EGPC), that will allow for a $4.10/mn BT...
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
Iraq Concludes Oil Port Expansion, Zooms In On Asian Market
...rkovers have been completed on three wells to handle rising water levels. Production from the 4.1bn barrel field is currently estimated at around 120,000 b/d and is set to rise to 535,000 b/d by 2017. The operator has announced the start of second phase development, with the arrival of four new Chinese dr...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Glimmers Of Hope As Egypt Craves Stability
...lta, a project whose start-up date has been pushed back by three years to 2017. Egypt is also taking first steps towards developing unconventional reserves. US independent Apache is looking to move forward with exploration activity for tight gas in the Western Desert by drilling seven or eight te...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Saudi Arabia Looks To Hold Steady Around 10mn B/D Through Year-End
...aybah and Khurais fields by 2017. At current production, estimated by MEES at 10.11mn b/d in September, Saudi Arabia is left with close to 2.4mn b/d of spare production capacity. For Riyadh to maintain spare capacity at 2.5mn b/d for the medium term (including neutral zone production), would su...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Shuweihat S2 Inaugurated As Abu Dhabi Expects Demand Growth
...neration and is currently building four nuclear plants at Barakah with a combined generating capacity of 5.6GW. They are scheduled to be brought into operation during 2017-20 (MEES, 11 October). The emirate is also looking to build a 100MW waste-to-energy plant for start-up in 2016-17 (MEES, 27 Se...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Iraqi Deputy Prime Minister Warns On KRG Exports
...neration capacity. So far we have signed contracts for 20GW and more are in the pipeline. All these will be gas fired. Although our production of associated gas will increase by 2017-18, we will be needing all our gas for our domestic power plants. Beyond that date, there will be some surplus available fo...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Kuwait Sticks To 4Mn B/D 2020 Target, But Questions Remain
...wait hopes that the northern field – which extends into Iraq, where it is known as Rumaila – will produce 60,000 b/d of extra-heavy 12-15° API crude by 2017. Output would be doubled by 2020 and boosted to 270,000 b/d by 2030. Originally, Ratga was scheduled to produce 150,000 b/d by 2013, ramping up to 90...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Majnoon And Rumaila Give Iraq Much Needed Production Boost
...e 12bn barrel Majnoon oil field in January 2010, when they submitted a winning bid to raise output from a baseline of 46,000 b/d to a plateau of 1.8mn b/d by 2017 for a remuneration fee of $1.39/B. A lower plateau extended over a longer period would squeeze margins and Shell, along with ExxonMobil (We...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Algeria Optimistic On Future Production Potential
...natrach foreign joint venture partners planned to return expat personnel to In Amenas, the gas complex that was the site of a deadly attack by Islamist militants in January. Another key expansion project is Petroceltic’s 355mn cfd Ain Tsila development, slated for late 2017 start-up....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Sonatrach Preempts Petroceltic Ain Tsila Sale
...rrels of condensate. First gas is scheduled for 2017. Petroceltic now owns 38.25% of Ain Tsila, whilst Italian power firm Enel has 18.375%. Petroceltic, following its initial 2011 farm out to Enel, has for some time sought to divest a second similar-sized stake: both to help fund development an...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
ENOC Forms Saudi Road Tankers Venture With Tristar
...sed in Jubail with initial capital of SR30mn ($8mn). ENOC-Tristar will begin with a small fleet of road tankers, expanding to 500 vehicles by 2017. It will also operate petroleum and chemicals storage facilities. Burhan al-Hashimi, head of ENOC Retail, said: “ENOC has built strong industry pa...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Algeria Launches Biskra Amid Problems For North African Refiners
...9bn). Algeria plans to tender for identical refineries at Biskra and Tiaret, and has set a 2017 start-up target for these and similar refineries at Ghardia and Messaoud. Minister of Energy and Mines Yousef Yousfi has also said that Biskra could form the core of a regional petrochemical hub (MEES, 15 Ma...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Nuclear: UAE Pushes Ahead, Iran Waits On Bushehr
...UAE/IRAN Nuclear: UAE Pushes Ahead, Iran Waits On Bushehr The UAE is making progress on 5.6GW of planned nuclear capacity set to come online during 2017-20. Emirates Nuclear Energy Corporation (ENEC) CEO Muhammad al-Hammadi told a 7 October Abu Dhabi public forum that the fi...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Majors Look To Cling On To ADCO Stakes
...oduction capacity to 1.8mn b/d by 2017 are still on track regardless, he added....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Dubai Refinery Doubts Amid Gulf Capacity Surge
...16 start-up Saudi Aramco Jazan, S Arabia New 400,000 b/d plant due onstream 2017 OOC/IPIC (DRPIC) Duqm, Oman New 230,000 b/d plant due onstream 2017 Sa...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Morocco’s ONEE Announces 2013-17 Electricity Plan
...Morocco’s Office National de l’Electricité et de l’Eau Potable (ONEE) will spend MD112.3bn ($13.5bn) improving Morocco’s security of electricity supply over 2013-17. ONEE plans to raise Morocco’s generating capacity by almost 70% by 2017 (to 11.28GW). Of the 4.59GW of new generating capacity to...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Egypt Lines Up Power Loans
...ectricity Production Company. It will comprise three 650MW gas-fired generating units and will be able to burn heavy fuel oil during gas shortages. Egypt’s generating capacity is 24GW, and the government said in 2010 it needed to add 10.45GW of capacity by 2017. More recently the government has announced pl...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
OPEC Relaxed On Supply, Prices
...fected. Angola and Nigeria and now they found another market and they are very happy. Libya and Algeria have not been affected because of the sweet oil that is being produced by the US.” While it is true that demand for OPEC crude is likely to remain flat at 30mn b/d until 2017, there is no th...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013