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Wintershall Joins Eni In Abu Dhabi Sour Gas
...g (MEES, 1 December 2017). No surprise given that it will require “pipelines, islands, wells, you name it. It is a very complex project” according to upstream chief Abdulmunim al-Kindy. Adnoc is confident that its experience in developing the ultra-sour onshore Shah gas field alongside US firm Ox...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Libya Steps Up Drilling
...Zueitina Oil Co. Zueitina in turn groups NOC with OMV after the latter bought out Occidental (MEES, 10 February 2017). Current output is around 30,000 b/d. Occidental and OMV in 2007 had plans to boost production at Nafoora using improved oil recovery techniques. Years of war and political in...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
China Imports: Aramco Claims Ring Hollow As Russia, Iraq Notch Up Record Volumes
...ades [with] Aramco’s Arab Medium crude oil a preferred choice for the plant’s baseload,” Aramco said in an August 2017 press release which commemorated Cnooc taking delivery of its first ever cargo of Saudi crude. This made Cnooc “the last of China’s three large national oil companies to join Saudi Ar...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
More Pipeline Problems For Israel-Egypt Gas Deal
...lieves enough has changed to merit launching a bid round so soon after last year’s round received bids by just two companies (MEES, 15 December 2017). He believes that Noble’s gas sales deal with Dolphinus proves gas discovered offshore Israel does have export options. He says this deal, coupled wi...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Adnoc Eyes Unconventional Route To Gas Independence
...ing in shale – though, to be fair, he lists the Middle East as a key “strength” (MEES, 17 November 2017). Total’s President of Exploration & Production Arnaud Breuillac told MEES during Adipec that “the wells that we are going to frack within the coming weeks could be tied back in less than a year fr...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Egypt Gas: More Discoveries Needed To Meet Ambitious Output Target
...t for the beginning of 2019” at its North El Arish block. This is a rare piece of good news for Dana in Egypt. Output has slipped from 39,600 boe/d (mainly gas) in the first nine months of 2017 to 34,500 boe/d in the first nine months of 2018, at the firm’s onshore Nile Delta acreage. “This de...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Abu Dhabi Pledges Mammoth $132bn Investment With 5mn b/d Output Plan
...t it targets 6.5mn b/d by 2022 – while that may prove too optimistic, production will likely climb above Adnoc’s planned 5mn b/d (which accounts for the bulk of UAE output). Outside of Opec, Canadian output is also forecast to climb past 5mn b/d during the next decade (MEES, 24 November 2017). Ad...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Israel: Pipeline Bottleneck Blunder Adds to Exports Headache
...port Israeli gas. EXPORT DREAMS Long hindered by commercial and political complications (MEES, 6 October 2017), Israel’s gas sector scored a “historic” victory in February when Noble and its Israeli partners signed a controversial deal with Egypt’s Dolphinus Holdings to export up to 70...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Repsol, BP & Eni Eye Algeria/Libya Border Bonus
...ving the name of the block in Spanish. Repsol was awarded the block on the Libyan border in 2009 and drilled several successful wells between 2012 and 2015 (MEES, 24 April 2015). Erstwhile partners Enel of Italy and Engie of France pulled out in late 2017 – the result of a strategic decision by bo...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Oxy Leads Renewed Omani Exploration Push
...19. The firm this week announced that it has secured two exploration blocks – 65 & 51 – in Oman’s 2017 bid round, and also picked up the newly created Block 72. All are contiguous with its existing assets. Oxy already operates 90,000 b/d Block 9, as well as the 120,000 b/d Block 53 in the co...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Egypt Confident It ‘Has The Keys To The Future’ Of East Med Gas
...ock 10 (80%) alongside Qatar Petroleum (20%). There has even been progress in Lebanon, which successfully held an offshore licensing round in October 2017 in which it managed to snag Eni and French major Total (MEES, 20 October 2017). Drilling will commence next year. However, plans for a second ro...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
MEES Interview With Egypt’s Minister of Petroleum
...d of the previous fiscal year, 2017-18, which ended on 30 June, upstream investments from foreign firms and joint ventures reached about $10bn, and we expect the same over the current fiscal year (2018-19). The Ministry of Petroleum is currently implementing new projects that will double the in...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
KRG-Baghdad Deal Needed To Unlock Northern Potential
...peline to Ceyhan (see map). This would cure a massive headache for Iraqi oil officials who are sitting on at least 150,000 b/d of stuck-in crude at Kirkuk. Iraq increased its production capacity by 280,000 b/d overnight when it retook Bai Hassan and the Avana Dome from Kurdish forces in 2017 (MEES, 20...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Iraq: New Government, Old Problems
...bruary). In late 2017, former Oil Minister Jabbar al-Luaibi was bullish on the prospects of replacing the irreparably damaged ‘federal’ pipeline from Kirkuk to the Turkish border, whilst restoring the route’s full length to Ceyhan to its nameplate 1.6mn b/d capacity. But nothing has been said on the plans th...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Oman Farms Out 10% Khazzan Stake To Petronas
...ock 61 hosts the country’s greatest gas discovery to date, the Khazzan-Ghazeer asset, which boasts 10.5tcf gas reserves and 350mn barrels of condensate. Phase-1 production began last year (MEES, 29 September 2017), with full production of 1bn cfd and 30,000 b/d of condensate achieved in March (MEES, 30...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Back To The Future: Rehabilitation Of Red Sea Terminal Boosts Saudi Export Flexibility
...e European market. Aramco confirmed the start-up of the terminal on 17 October, saying that it “marked the addition of 3mn b/d of crude oil to Saudi Aramco’s west coast export capacity.” This is less than implied by Aramco’s senior VP for upstream Muhammad al-Qahtani in a May 2017 interview with Re...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Iraq: Aging Infrastructure To Hinder Basra Gains?
...Cs operating the region’s supergiant oil fields. Iraq’s difficult contract terms, however, remain a perennial snag (MEES, 22 September 2017). BP, which operates Iraq’s largest field, the 1.5mn b/d Rumaila field (BP 47.63%, PetroChina 46.37%, SOMO 6%), is currently in talks with Iraq’s oil mi...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Lukoil Optimistic On Eridu
...Perhaps Iraq’s most promising new asset is the Eridu field (Lukoil 60% op, Japan’s Inpex 40%) located south of Gharaf in Block 10. The discovery was confirmed in early 2017 (MEES, 3 March 2017) and produced 6,000 b/d crude flows from its Mishrif reservoir during appraisal testing. Lu...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Burgan Dip Hampers Kuwait Oil Production Capacity Growth
...Production capacity in Kuwait edged up just 1,000 b/d in 2017-18 (to end-March) according to latest figures from state firm Kuwait Oil Company (KOC). An apparent dip in capacity at the flagship Burgan field offset the 80,000 b/d gains from Kuwait’s northern Jurassic fields resulting in ov...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Omani Oil Output Nears 1mn B/D Mark, Revenues Soar
...lumes coupled with rising prices. MEES estimates that crude and condensate export revenues brought in $1.98bn in September – the highest figure since December 2014. 3Q’s sum of $5.63bn is up $2.09bn year-on-year - nearly 60%. Year-to-date revenues are up 35% on the same period in 2017, which will he...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018