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Chinese State Firm Secures Abu Dhabi Field Contract
...eld, which Adco says will add 20,000 b/d to onshore production capacity. The field, part of the South East cluster of onshore fields, is of strategic importance as Adco prepares to raise output capacity to 1.8mn b/d by 2017 from 1.6mn b/d currently. The Southeast Asset also includes the Asab, Sa...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Dark Horse GS Energy Makes It To Adco Finish Line
...w Adco concession in January, and Inpex, leaving 22% still open for foreign participation. The Abu Dhabi National oil Company (Adnoc) retains a 60% controlling stake in the restructured Adco, which manages 15 onshore fields currently producing 1.6mn b/d and due to rise to 1.8mn b/d by 2017. GS En...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
BP Stakes Out Key Role In Egypt’s Gas Renaissance – If The Price Is Right
...fore the end of April,” the statement said. WND FIELDS BP has aimed to save time and money at WND by taking advantage of Egypt’s existing infrastructure. It says that 2017 start-up will be possible by developing the Taurus and Libra fields subsea and tying them in offshore to the existing BG-op...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Dea Looks To Expand With $10Bn War Chest
...5mn cfd 56mn cfd $585mn 2017 Libya: NC193,195 100% n/a 30,000 b/d 30,000 b/d $500mn 20...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
BP Still Owed $2.3Bn In Egypt
...ak production,” BP North Africa President Hesham Mekawi says. All gas will be delivered to the domestic market. Under amendments to the development agreement, approved by the Egyptian cabinet on 18 December, BP agreed to expedite development with first gas by 2017 in return for a further hike in ga...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
More LNG Import Deals?
...EGYPT MORE LNG IMPORT DEALS? Egyptian Oil Minister Sharif Isma’il says that there is a “very high possibility” that Egypt will agree additional LNG import deals with Shell and Total to cover the period 2017-20. Egypt recently signed five LNG import deals, including with BP, totalling ar...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Oman: Musandam IPP Bids Sought
...velop 90MW of renewables capacity by 2020. Raeco recently awarded UAE renewables firm Masdar a contract to build Oman’s first wind farm. This will comprise around 20 wind turbines with 50MW capacity to be built at Harweel in the southernmost Dhofar governorate for start-up in 2017 (MEES, 17 October 20...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Abu Dhabi Plays High Stakes Oil Game
...noc) to help evaluate the Hail Dalmah and Ghasha fields in a program that will run until 2017. Houston-based Oxy will have a 30% stake in a joint venture with Adnoc to evaluate development prospects for the two fields by running 3D seismic surveys, drill appraisal wells and conduct engineering studies fo...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Total Still Leads The Pack On UAE’s Adco Concession
...om 2017, when total production from the onshore fields, operated by the renamed Abu Dhabi Company for Onshore Petroleum Operations Limited (Adco), is set to rise to 1.8mn b/d. WORTH THE COST “The second aspect is that it is for 40 years, which is quite unique in terms of length,” Mr Michel sa...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Total Snags Stake In New UAE Onshore Concession
...rrent production. ADNOC has had long term plans to increase production capacity of the Adco fields to 1.8mn b/d in 2017, as part of overall plans to raise its total output capacity to 3.5mn b/d by the end of the decade, from 2.9mn b/d currently. Further increments are to come from offshore fields bu...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Qatar Shelves $6.5bn Al-Karaana Project, QP Rethinking Ethane Usage
...%) and Qapco (20%), which is itself owned by IQ (80%) and France’s Total (20%). No details of the new downstream project have yet been released. The Al-Karaana ethylene glycol complex had been scheduled to start up in 2017, and Al-Sejeel polymers production in 2018. Qatar’s current petrochemicals ca...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Oman Adding Musandam Gas-Fired Capacity
...ofar governorate, where Raeco currently operates 19 diesel plants with a combined capacity of 68.5MW, the company plans to build a 50MW wind farm at Harwheel. The $200mn project to install 15-25 turbines was awarded to UAE renewables firm Masdar with a view to start-up in 2017 (MEES, 17 October 2014)....
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Cairo Begins To Restore Faith In Its Oil And Gas Sector
...oject, as well as 8-9mn barrels of condensate and 450,000 tons of LPG. Peak “incremental daily production” of 160mn cfd (27,000 boe/d) and 5,600 b/d condensate is expected to occur in 2017, the firm says. This implies that Dana’s total Egyptian output will by then top 70,000 boe/d. BG RECEIVABLES BA...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
Repsol To Boost Algeria, KRG Presence With Talisman Purchase
...wnstream operations in Oman, Egypt, Algeria and Morocco. Looking ahead, Repsol says that its 29.25% stake in the Reggane Nord project in Algeria, which will see first gas in 2017, will net the firm about 14,000 boe/d as it looks to expand its global footprint. Repsol has just two exploration blocks in Ir...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Turkey Bags More CCGT Funding, Russia Pledges Gas
...the plant in 2017 (MEES, 7 November). EBRD says it will provide a loan of $250mn, comprising $200mn from its own account and $50mn syndicated to Banque Saudi Fransi. The latter is also providing parallel financing of $100mn under a murabaha Islamic financial instrument, says EBRD. The Wo...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
GCC Aid For Egypt Benefits Gulf Independents
...w blocks, taking two in the Nile Delta. The company last month said it had been paid $47mn (in Egyptian pounds) by Cairo, although $11mn of this has been ring-fenced for spending on its plans to expand its Egyptian output to 160mn cfd by 2017 (MEES, 24 October). Under the deal Dana Gas is allowed to ex...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Dana: Egypt, KRG Payment
...na’s Egypt production by 160mn cfd and 5,600 b/d of condensate by 2017. $18Mn From The KRG In Iraqi Kurdistan, Dana Gas says it received a cash advance amounting to $18mn, again a small part of the hundreds of millions of dollars the company says it is owed in back payments for gas an...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Abu Dhabi Boosts Offshore Output As Umm Lulu Comes Online
...m Lulu, 100,000 b/d is set to come from expansion of ADMA-OPCO’s Lower Zakum field and 170,000 b/d from the SARB and Nasr fields. ADMA-OPCO’s plans are part of ADNOC’s strategy to raise production capacity from around 3mn b/d to 3.5mn b/d, initially expected in 2017. Yet ADNOC’s target pr...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
MOL Confident Of Future In Kurdistan
...tends to raise production from the block to an expected minimum 50,000 boe/d by 2017-18. Early production from Akri Bijeel began in March this year at a rate of 3,500 boe/d and Mr Dodds says it is expected to ramp up to 10,000 boe/d by the end of the year. The temporary facilities are to test zones wh...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
KUFPEC Plants First Gulf Flag In North American Shale
...rth American upstream chief says. KUFPEC says that the results of wells drilled by Chevron and other firms with acreage in Kaybob are “comparable to the best in the US Eagle Ford shale play.” Chevron and KUFPEC will conduct a full appraisal drilling program between this year and 2017, to be followed by...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014