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Bahrain Brings Chevron Aboard Its Unconventional Revolution
...evron, Total, Exxon.” Speaking about development of the KAB basin in January, the minister said that “we are drilling a few test wells. It’s onshore, with a chunk offshore, and we are drilling onshore now into this formation. We flowed oil in 2017… from the first test well. Now we are drilling wells to...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Oman Eyes Headline Projects To Move Up Oil & Gas Value Chain
...har refinery to 197,000 b/d (MEES, 17 February 2017). The plan also solves another of MOG’s main concerns: What to do with all its newly discovered gas? State-led Petroleum Development Oman (PDO; Oman 60%, Shell 34%, Total 4%, Partex 2%) announced the discovery of the (at least) 4.5tcf Mabrouk NE fi...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Israel Firm Eyes Groundbreaking Egypt Upstream Entry
...0,000 barrels of oil storage capacity: enough for Phase-2 tie-back of output from 1.2tcf Tanin field 40km away should additional sales deals be secured. The Greek firm was also awarded five blocks (12, 21, 22, 23, 31) following 2017 bidding, that fall to the south and southwest of Karish, adjacent to...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Egypt Awards Fertilizer EPC
...p during 2013-16 that saw fertilizer plants shut down because of a lack of gas feedstock. They only began receiving full allocations of gas again in early 2017 (MEES, 19 May 2017). El Nasr currently operates one gas-fueled fertilizer plant at Suez, with capacity to produce 132,000 t/y ammonia, 20...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Egypt Launches Red Sea Bidding
...udi minister says Riyadh will intensify Red Sea gas exploration over the next two years (MEES, 8 March). In a bid to attract companies to the acreage Cairo signed a $750mn deal in December 2017 with Norway’s TGS and Houston-based oilfield services firm Schlumberger which included 2D seismic data ov...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Egypt: ‘Steep Decline’ At BP’s Key WND Gas Project
...ticipated decline,” 17.25% partner Dea acknowledges in its Q4 results, released 7 March. Output from the two Phase-1 fields, Taurus and Libra, began in late March 2017, with operator BP (82.75%) saying just over a month later that production had hit 700mn cfd (MEES, 12 May 2017). BP added at the time th...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Shell Boosts Egypt Gas Output, Retains LNG Force Majeure
...Anglo-Dutch major Shell’s Egyptian net gas output hit a four-year high 407.5mn cfd in 2018, up 21% from 2017’s 335.4mn cfd. But output remains less than half of 2012 levels with offshore fields formerly operated by BG (taken over by Shell at the start of 2016) responsible for the bulk of the co...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Algeria: Key Ain Tsila Gas Project Advances With Petrofac Awarded $1bn EPC Contract
...). Algeria’s gas output fell to around 92bcm for 2018 from 94.5bcm for 2017 and 2016’s record 94.8bcm despite the start up of the key Reggane (December 2017, 2.9bcm/y) and Timimoun (February 2018. 1.8bcm/y) fields. Ain Tsila is located around 1,100km southeast of Algiers, 70km south of Total’s 3b...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
QP Expands Eni Partnership With Morocco, Mozambique Deals
...pansion continued apace this week with two big agreements with Eni for assets offshore Mozambique and Morocco. QP CEO Saad al-Kaabi pledged in December 2017 to transform the firm beyond recognition through a major international expansion (MEES, 8 December 2017) and the firm has since snapped up a series of...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
KRG-Focused Firms Continue Production Push
...rathon’s 15% stake) planning to spend $137mn this year, Atrush could exit the year at more than double its 2017 average. The firms are also planning to test a couple of already-drilled wells in addition to drilling three new ones over the course of the year targeting a heavier column of 14-22°API oil – al...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Tunisia’s Nawara Gas Project: Too Little Too Late?
...18 that crippled gas output the previous year (MEES, 2 June 2017), but worryingly still managed to oversee a 9% drop in production to an 11-year low of 193mn cfd. 2018 crude output fell to its lowest level since the country started producing in 1966 - a mere 38,400 b/d (MEES, 22 February). Lower ou...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Iran’s South Pars Gas Development Edges Forward
...maining six, but Iran has suffered major setbacks on Phase 11. Having tied up a $4.8bn contract with France’s Total (50.1%) and China’s CNPC (30%) to develop Phase 11 to produce 1.9bn cfd and 80,000 b/d condensate alongside local firm Petropars (19.9%) in July 2017 (MEES, 7 July 2017), the project has fa...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Lebanon Nears Gas Exploration Kickoff
...ta and are on track to spud Lebanon’s first offshore exploration well in Block 4 in November or December, MEES learns. The consortium, awarded exploration Blocks 4 and 9 in late 2017 as part of Lebanon’s first bid-round (MEES, 15 December 2017), will then head directly to southern Block 9 to drill a se...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Mauritania: Bullish Kosmos Eyes Second Major Entry; Is It Downplaying The Risks?
...elude off northern Australia is currently more than two years behind schedule with no sign of imminent start up (MEES, 22 February). This leaves only two 1.2mn t/y FLNG vessels currently-operational. The first, in Malaysia, started up in 2017. The second, Cameroon LNG, operated by Golar LNG, started up...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Oman: Oxy Inks Block 72 Deal
...able data by 2Q 2020, after which it will embark on a drilling campaign. The signing is but another move as Oxy rapidly acquires Omani acreage: it was also recently awarded two other blocks - 51 and 65 - as part of Oman’s 2017 licensing round taking its total Omani assets to eight. Oman will prove a vi...
Volume: 62Issue: 09Published at Fri, 01 Mar 2019 -
Iraq’s Costly Liquids Habit
...Iraq’s gas shortages mean the country is dependent on burning liquids for electricity generation. Total liquids burn edged up in 2018 to 328,000 b/d from 318,000 b/d in 2017 as post-war reconstruction drove increased demand. The increase would have been considerably greater had it not been fo...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Tunisia’s Oil Woes Here To Stay
...terested in heading for the door than splashing the cash. Tunisia’s glory days of being a net oil exporter are long gone. Crude output has nosedived in recent years and in 2018 it only managed 38,400 b/d. That this fall is of a relatively-modest 1% from 2017’s previous 50-year low is only due to the fa...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Egypt Bags Exxon As Shell Steps Up Commitment
...i and BP until 2017, giving them plenty of opportunity to test the ‘Zohr concept.’ With both ExxonMobil and Total holding licenses on the other side of the Egyptian maritime border in Cyprus, it was thought the two firms might look for acreage in the deeper offshore. MEES understands that Exxon re...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
BP: Belated Start-Up At Wnd Phase 2
...se at Giza and Fayoum to 700mn cfd by June, adding to the already producing Phase One Libra and Taurus fields, which started up in April 2017 and are also producing at 700mn cfd (MEES, 12 May 2017). Giza and Fayoum is an eight well development, tied back to already existing onshore processing fa...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Mauritania Looks To 2019 Drilling To Boost Gas Riches
...nority C-18 stake, Tullow now has only a single operated block, shallow-water C-3 (Tullow 100%). The firm says that here it is currently interpreting 3D seismic shot in 2017 “to identify prospects for a potential 2020 well.” ...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019