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Total Expands With Maersk Purchase
...rkine Basin: Anadarko-operated El Merk and HBNS, and Cepsa-operated Ourhoud. Gross output was 358,000 b/d in Q2; El Merk with 146,000 b/d was the largest contributor. Maersk’s net share was 36,000 b/d. Total owned 50% of Cepsa until 2011 but the firm’s current Algerian output comes from 35% of the 700mn cf...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Iraq Makes Progress On Chronic Gas Shortage
...e lowest since 2011. The upshot was that sales gas volumes soared 55% to more than 1bn cfd for the first time. The gains were largely driven by the Basra Gas Company (BGC: South Gas Company 51%, Shell 44%, Mitsubishi 5%) which processes natural gas produced from three fields in Basra province – BP...
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Kuwait Eyes Long-Delayed Jurassic Gas Expansion
...ES, 27 June 2011). The EPFs are at three of Kuwait’s northern Jurassic sour gas fields, development of which has stalled since 2010 when Shell signed an Enhanced Technical Service Agreement (ETSA). The contract was subject to considerable parliamentary scrutiny: the public prosecutor only dropped it...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
GCC States Double Down On Gas Development
...M) 2007 2008 2009 2010 2011 2012 2013 20...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Delayed Projects To Shave Cumulative 80bcm From Algeria’s Gas Output By 2020
...nouncement that a consortium of the state company with Thai and Chinese counterparts PTT (24.5%) and CNOOC (24.5%) had confirmed the potential of the Hassi Bir Rekaiz block in the southeast, on which exploration has been ongoing since 2011 (MEES, 17 February). Against the background of bid round fa...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Libya Oil Output Breaches 1mn B/D
...2017 were 454mn cfd, close to the 464mn cfd average exported in 2016, but down 34% compared to the 2015 average, and barely half of average annual exports between 2008-10 before Libya’s 2011 revolution (see charts). Within these headline figures, monthly volumes have fluctuated significantly. Th...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Troubled Waters: GCC Internal Schisms In The Spotlight Again
...fers of assistance from other quarters. Turkey has pursued similar objectives to Qatar since the “Arab Spring” began in 2011, with both supporting Islamist groups across the region. It has moved rapidly to back Qatar, passing legislation on 7 June to permit the deployment of troops to the emirate in...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Tunisia Output Collapses: Southern Fields Shut In, No End In Sight To Protests
...in the wake of Tunisia's 2011 uprising. The lack of perceived benefits to locals from oil and gas output has been a recurrent theme. The Nawara project, previously known as the ‘South Tunisia Gas Project’ gave rise to protests in the south of the country even before it was sanctioned in 20...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
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 -
Algeria Keeps Oil Spending Flat, Extends Exploration Search Offshore
...cences on several fields in June 2016. The two firms earlier, in April 2011, agreed to partner on the development of unconventional resources, particularly shale gas. Offshore exploration in Algeria is not a new idea. State oil licensing authority Alnaft has talked about tendering offshore blocks for ye...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
East Med Deepwater Exploration: In Search Of ‘More Zohr’
...viathan, discovered December 2010 by US firm Noble Energy, for the title of the East Mediterranean’s largest gas discovery. Leviathan and Noble’s other key East Med deepwater discoveries – Tamar the previous year and Cyprus’ Aphrodite in 2011 – were all of ‘lean’ gas (near 100% methane) in Miocene deep-wa...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Zohr On Target, Rosneft Farm-In Questioned
...ws that both Eni and its CEO Mr Descalzi have been charged by Italian prosecutors for their alleged roles in an international corruption case regarding the 2011 purchase of Nigerian acreage for some $1.3bn. Mr Descalzi will face trial with former Eni CEO Paolo Scaroni and nine other individuals in...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
Algeria Looks To Build On Modest Output Gains But Investors Remain Wary
...uthwest have been significantly delayed. A consortium of Spain’s Repsol, Sonatrach, Germany’s RWE Dea and Italy’s Edison waited more than two years before finally being given the green light to develop the Reggane North field on Blocks 351c and 352c in the Reggane Basin in November 2011. The project was or...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
Libya’s NOC To Lift Investment Moratorium; But Divisions Remain
...store pre-conflict output of 1.6mn by 2021, Mr Sanalla tells MEES. In the longer term, the state body is aiming to increase production to 2.1mn b/d, he adds. “We intend in the coming months to lift our self-imposed moratorium on foreign investment in new projects” that has been in place since 2011, sa...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
East Med: Leviathan FID Stalls As ExxonMobil Looks To Cyprus Offshore
...hr, but failed in its attempts to re-obtain the block last year before the bid round was announced and yet again in the bid round itself. So far Cyprus’ only offshore gas find, the 5 tcf Aphrodite, discovered by Noble in late 2011 remains undeveloped. There has been no further progress on Ap...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Kuwait: New Oil Minister Eyes Neutral Zone Restart
...ll be a particular target. Such a move could prompt the Emir to dissolve parliament again. Similarly, the population’s patience with the prime minister, first appointed in December 2011, is running out. NEUTRAL ZONE RESTART LOOMING? Rumors have been rife in recent weeks that Saudi Arabia and Ku...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
KRG Goes Fishing For New Investors, But Will They Bite?
...ES. …EXXON GO-SLOW ExxonMobil was awarded six blocks in 2011 but progress has been minimal, largely due to proximity to the front line with areas under Islamic State (IS) control. The firm has the Pirmam block just east of Chevron’s Sarta, as well as the controversial Al-Qush and Baeshiqa bl...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016