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Oman: Struggling To Cope With Too Much Gas?
...n-Feb18 vs 17 Jan-Feb17 2017 vs 16 2016 2015 2014 20...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Algeria Struggles To Maintain Gas Output Amid Project Delays
...spective IOCs. All are delayed. As for Tinhert, which Sonatrach listed in 2014 as a 2016 start-up and in 2015 as January 2018 (MEES, 29 May 2015), Sonatrach is keen to gain the credit for developing a seemingly large project of its own volition. But, whilst the headline numbers look big, it is de...
Volume: 61Issue: 12Published at Fri, 23 Mar 2018 -
Eni Swoops For Abu Dhabi Offshore, Sells Mubadala 10% Of Egypt’s Zohr
...an in 2009, but made the decision to hand over the Darquain field in 2010 (MEES, 10 May 2010), completing the process in 2014. Eni signed an MoU in June 2017 to study boosting Darquain output from 150,000 b/d currently to 220,000 b/d, and for the Kish offshore gas field where Iran is targeting 2bn cf...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
Egypt Oil Output Slump To Continue. Import Dependence To Deepen
...17 However, Egypt’s oil demand actually fell for the first time in six years in 2017, to 811,000 b/d from a record 852,000 b/d in 2016 according to data posted to the Riyadh-based Joint Organizations Data Initiative (Jodi). Both the 2017 fall and the sharp rise in 2014, 2015 and 2016 – a cumulative 90...
Volume: 61Issue: 10Published at Fri, 09 Mar 2018 -
Abadi Claims KRG Pipeline Deal As Trucking Plans Fade
...tting first pick of depleted Kurdish volumes. Iraq plans to build its own pipeline to Fishkabur on the Turkish border to replace its 1.5mn b/d link destroyed by Islamic State in 2014. But this would not be operable until 2020 at best. Abdul Mahdy, head of the oil ministry’s contracts division, said on...
Volume: 61Issue: 09Published at Fri, 02 Mar 2018 -
Algeria Gas Set For Record 2018 With Start-Up Of Key Southwest Fields
...msung Engineering was the lead construction contractor, having won an $800mn lump sum turn-key engineering, procurement, construction and pre-commissioning contract in February 2014. Total last month doubled down on its commitment to Algeria in the wake of its recent acquisitions of Maersk (planned fo...
Volume: 61Issue: 09Published at Fri, 02 Mar 2018 -
Iraq Looks To Turkey For Support Up North
...rkuk after abandoning its commitment to conduct a technical study of the fields when the Islamic State threatened operations in 2014 (MEES, 19 January). Mr Luaibi characterized BP’s return as part of an “ambitious plan” to raise output to 750,000 b/d but at present a dearth of export options will st...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
India Makes Splash Offshore Abu Dhabi With First Post-Adma Contract
...ate firms – which typically group up in their overseas forays – previously submitted an ultimately unsuccessful bid in 2016 for a stake in Abu Dhabi’s giant onshore concession (formerly known as Adco), which expired in 2014. The latest consortium is headed by state giant ONGC Videsh, alongside fellow st...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Iraq Seeks To Reboot Northern Oil Sector
...chnically challenging development required (MEES, 8 February 2010). Sonangol declared force majeure in 2014 when Islamic State stormed the northern Nineveh Governorate and seized the two fields. It was already eying the exit, citing escalating sectarian violence in 2013 (MEES, 25 October 2013). Mr Lu...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Iraq Drilling Hits 3-Year High, Abu Dhabi Sets New Record
...rrying about any commitments to Opec to limit output (see p9). However, Iraq’s rig count remains at little more than half of the record 96 seen in the first half of 2014 before Islamic State overran large swathes of the country. The UAE is another country where Total, in its 2017 results and 2018 ou...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
KRG To Struggle For Minor 2018 Production Gains
...ree new wells planned and re-entry at a 2014 well. Two wells are also planned at Zey Gawra. Russian state-backed firm Rosneft finalized a deal for five blocks in October 2017. While the blocks were not specified, registered company names suggest they are Blocks 8,9,10,11 and 13 (see map & table). Ro...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Oman Rounds Out 2017 With Solid Export Revenue Gains
...ound $61/B. If exports remain at 2017 levels, $61/B would bring in about $18bn in 2018 for oil exports alone versus $15.1bn for 2017. Meanwhile, a $70/B oil price would push oil export revenues north of $20bn for the first time since 2014 and could drive the budget deficit down as low as $750mn (MEES, 5 Ja...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Kuwait: Jurassic Gas To Bridge Supply Gap Until LNG Import Capacity Rises
...epened its dependency on imports. LNG has been imported via the 7.5bcm/year (725mn cfd) Golar Igloo floating storage and regasification unit (FSRU) since 2014. In 2017, there were no imports in January and February, but volumes ramped up through the year, peaking at 730mn cfd in July and September. In...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Oman Casts Its Net Wide In Bid To Maintain Output Capacity
...vember 2017). Iranian Gas Anytime Soon? Signed in 2014 and originally slated for 2018 start-up (MEES, 25 September 2015), the oft-delayed Iran-Oman gas pipeline still looks unlikely to get moving anytime soon. Nonetheless, the CEO of the National Iranian Gas Company (NIGC) announced this we...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Iraq Rushes To Jumpstart Projects Ahead Of May Election
...hlumberger has contracts to carry out work at multiple fields, and Russian state firm Zarubezhneft is poised to enter the Middle East as a leading contender at Iran’s Shadegan field. The final firm is Chinese private company Geo-Jade Petroleum which entered the upstream business in 2014 when it acquired Ka...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Iraq: Record Exports, But Contract Reform Hangs In The Balance
...ports of 3.535mn b/d in December. This edged out December 2016’s previous record of 3.519mn b/d. With average crude export prices averaging a more than three-year high of $59.29/B, revenues of $6.496bn were the most since September 2014. Full-year revenues of $59.3bn were the highest since 2014’s $84...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
KRG Prioritizes Investor Confidence Over Stability: Will It Lose Both?
...anslate into lower pay. And salary payments are already well behind schedule. Cuts to Peshmerga salaries would further threaten political stability. The Kurdish military force has been fighting the Islamic State since 2014, though its reputation took a severe knock from October’s loss of Kirkuk (MEES, 20...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Libya: Oil Output Doubles In 2017 But Peace Dividend In The Balance
...ability rests largely on whether the new UN plan can be more successful than its predecessor, and the nature of the outcomes that it delivers. In the context of the intensified conflict that developed in Libya with the administrative division of the country in 2014, there have been some notable su...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Algeria To Retain Gas Focus In 2018 As New Fields Start Up
...ternational investment, but suggestions that this would take place in 2017 have come to nothing (MEES, 20 October). Another upstream licensing round has also been on the agenda since late 2014, but this is unlikely to come to fruition before legislative changes are made. BUILDING BRIDGES In the me...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Morocco: Eni Expansion
...lls in 2014. Eni’s new acreage includes all of Portuguese part-state Galp’s former Tarfaya Offshore block, relinquished in 2016, and most of UK firm Cairn’s Juby Maritime block (late 2015). Galp drilled one dry well, TAO-1, in mid-2014 to a depth of 3,518ms. This targeted the Trident oil prospect in...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017