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Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
...Tony Blair (MEES, 4 June 2007). BP pledged to invest $900mn drilling 17 wells. Following several false starts, it was about to drill its first well in February 2011 when the revolution that saw the ouster of Gaddafi kicked off. Though the UK major did dust off plans in 2012 amid a brief period of...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Algeria: Key Southwest Gas Field Start-Ups Boost Exports To 7-Year High
...liant on gas for 99% of power generation. The gains in pipeline deliveries to key market Italy are more striking still, with 8M 2023 volumes of 15.47bcm (2.25bn cfd) the highest since 2011. And after April’s 11-year monthly high of 2.96mn cfd (MEES, 5 May), June, July and August were all the hi...
Volume: 66Issue: 37Published at Fri, 15 Sep 2023 -
Cyprus’ Aphrodite: Development Talks Continue Amid Reserves Downgrade
...rnerstone of their energy strategy,” a MEES source says. Trouble has been brewing for some time between Nicosia and Chevron, which only entered the project in late 2020 after its takeover of compatriot Noble Energy, which discovered Aphrodite in 2011. Understandably the US major believed it could im...
Volume: 66Issue: 36Published at Fri, 08 Sep 2023 -
Libya Eyes 10,000 B/D 1H24 Output At North Hamada
...w a pipeline connection between Tahara and the parallel El Feel/Sharara to Zawiya/Mellitah trunk crude pipelines. Full development of the seven fields on Area 47’s Block 2 on which commerciality was declared in 2011 and 2014 is slated to produce 50,000-60,000 b/d liquids and 90mn cfd gas with ou...
Volume: 66Issue: 35Published at Fri, 01 Sep 2023 -
Oman’s PDO Targets 19-Year High Crude Output
...ghest level since 2004 and more than 100,000 b/d above 2011’s nadir. PDO aims for further substantial near-term gains, with the firm targeting 700,000 b/d crude oil production by 2024 (MEES, 5 June 2020). The latest sustainability report cites the Yibal Khuff Project (YKP) as central to achieving th...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Libya Gas Exports Face Uncertain Future
...e still more than a fifth lower than 2010’s record of 1.55bn cfd, according to the BP Statistical Review of World Energy (see chart 1). That record year came just before the toppling of long-time ruler Muammar Gaddafi in 2011 which set Libya onto a still-ongoing course of political instability, ma...
Volume: 65Issue: 35Published at Fri, 02 Sep 2022 -
Libya’s Oil Exports: What’s At Stake?
...utdowns have always remained a threat since the collapse of the Gaddafi regime in 2011. Production has been affected by armed groups seeking political leverage, local grievances and problems related to the industry’s decrepit infrastructure. Funding issues and weak security have also prevented much-needed up...
Volume: 64Issue: 37Published at Fri, 17 Sep 2021 -
Iraq & TotalEnergies Sign ‘$27bn’ Energy Sector Megadeal
...xon entered the KRG in 2011. The subsequent decade saw it packaged under a $53bn Southern Integrated Infrastructure Project (SIIP) that was almost finalized with ExxonMobil and PetroChina, but which also fell apart (MEES, 10 May 2019). Both companies were expected to finance SIIP components by in...
Volume: 64Issue: 36Published at Fri, 10 Sep 2021 -
Libya’s One Million Barrel Question
...gitimacy to rule Libya. Several power-hungry players have held the oil industry hostage to their political ambitions since the overthrow of Muammar Gaddafi in 2011. This time is no different and there is no end in sight. ...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
Gulf Producers See Rig Count Slump
...ing forward. The situation is especially acute in the offshore, where the rig count slumped to 15 for July and August. This is the first time since 2011 that the offshore rig count been at or below this level for two consecutive months. It comes after Aramco suspended a number of contracts for rigs th...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Egypt: Key Shell Offshore Gas Project Faces Uncertainty
...d Shell are also partners at Cyprus’ 4.1tcf 2011 Aphrodite discovery, for which the development plan is also a tie-back to Idku. MEES learns that talks between Shell and Chevron have covered the possibility of combining Leviathan Phase II and Aphrodite development. Chevron and Noble CEO’s Mi...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Libya’s NOC Looks To Take Development Inhouse With New Zallaf Subsidiary
...rk, which at a minimum would involve securing hundreds of millions of dollars in funding and enlisting the help of international services firms. A HISTORY OF VIOLENCE Though there was a short period following the bloody 2011 revolution when Libya was again starting to look like an at...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Kuwait Gets Jurassic Gas Boost, Eyes Further 2020 Gains
...al problems began when Shell won an enhanced technical service agreement (ETSA) for development of the fields in 2010 (MEES, 22 February 2010). Mired in parliamentary enquiries from 2011 (MEES, 4 July 2011) to 2016, Shell was initially unable to make progress (MEES, 29 April 2016). But the election of...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
East Med: Hope Despite Dry Cyprus Well, Lebanon Bid Round Deadline Delayed
...plans to drill two wells back-to-back in the second half of next year. Cyprus’ only success came in December 2011 when US firm Noble Energy discovered the 5 tcf Aphrodite field on Block 12. But the field is some 160km offshore in 1,700ms water depth, which makes stand-alone development un...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
War-Torn Yemen Maintains Steady Crude Exports; China, Thailand The Key Buyers
...te 2011 (MEES, 28 November 2011), whilst Block 10 was relinquished by Total in December 2015 after the Yemeni government made clear to the French firm that its production agreement would not be renewed. These blocks are situated in the relatively-secure Masila basin in Hadhramaut province, part of...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
UAE Looks To Offshore Gas To Ease Growing LNG Addiction
...M) 2007 2008 2009 2010 2011 2012 2013 20...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Libya Output Nears 500,000 B/D; Can The Gains Continue?
...adames basin, which has a capacity of about 10,000 b/d. Majid has production capacity potential of about 4,000 b/d, down from about 10,000 b/d prior to 2011. Crude from Nafoora shipped via the Ras Lanuf terminal prior to the declaration of force majeure on the port, while the Hamada field typically su...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Israel Struggles To Attract Interest In Offshore Acreage
...rmer oil minister Sameh Fahmy for 15 years back in 2012 for his role in the 2005 deal to send Egyptian gas to Israel, a deal that was terminated following the 2011 ouster of former president Husni Mubarak (MEES, 30 April 2012). Though Mr Fahmy was last year released on appeal, this will hardly fill an...
Published at Fri, 30 Sep 2016 -
Israel Struggles To Attract Interest In Offshore Acreage
...ars back in 2012 for his role in the 2005 deal to send Egyptian gas to Israel, a deal that was terminated following the 2011 ouster of former president Husni Mubarak (MEES, 30 April 2012). Though Mr Fahmy was last year released on appeal, this will hardly fill anyone signing a deal with Israel with an...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Iran, Oman Sign Gas Export Pipeline Contracts, Eye 2018 Start-Up
...owing to Oman by 2018 at the latest, Mr Zanganeh said. But that will be wholly contingent on Muscat and Tehran’s ability to successfully navigate the often muddy waters of price negotiations. The two countries came agonizingly close to signing a gas supply deal in 2011, only for talks to break down at...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015