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Cairo Aims To Arrest Gas Output Decline But 2025 Gains Look Unlikely
...cember, there was no sign of a turnaround, with production of 4.421bn cfd the lowest since early 2017. This takes output back to levels last seen before the March 2017 start-up of BP’s $9bn West Nile Delta project. As with many projects offshore Egypt, WND saw rapid decline with the ‘WND Phase 3’ Ra...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt’s Output Collapse: Gas Down 16% To Below 5bn Cfd For 2024, Oil At 45-Year Low
...nce the start up of WND in early 2017, whilst December’s Med figure of 3.169bn cfd was the lowest since Zohr began to ramp up output the following year. *BP’s Raven field, which accounts for almost all of current WND output, is also the country’s largest condensate producer. As such, sl...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Egypt: BP Plans Fast-Track El King Development
...2002 by US firm Apache, a BP spokesperson tells MEES. Whilst Apache subsequently walked away, the prospects of commercial development have since been boosted by BP’s nearby West Nile Delta (WND) development, which started up in 2017. The nearest infrastructure at the Giza field is just 20km ea...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Cheiron Taps Funds For 100mn cfd Egypt Development
...th first gas potentially as early as June, although slippage to H2 is possible, a source at Egypt’s oil ministry says. Engie (formerly Gaz de France), which discovered the field in 2008 (MEES, 9 June 2008), went as far as filing a development plan before selling up to Cheiron in 2017. Ch...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Kuwait Upstream Capacity Tops 3mn B/d
...pacity back up from 563,000 b/d in 2020 to 700,000 b/d (MEES, 26 July 2024), though capacity will remain below its 2017/18 peak of 760,000 b/d. Also in northern Kuwait, a boost came from heavy oil reserves, with KOC earlier this month stating that capacity here has hit 90,000 b/d from 75,000 b/d in 20...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025 -
Oman Gas Output Surges To Record 54.5bcm For 2024 With Further Expansions Eyed
...e single largest addition to upstream gas output since BP’s massive 1.5bn cfd Khazzan gas field started in 2017. Indeed, the gains at Mabrouk North East – whose output averaged 480mn cfd for 1H 2024 – were more than those for Oman overall, implying that output was cut at other gas fields to make sp...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
BP Spuds Egypt Well As Shell Eyes Higher WDDM Gas Price
...fshore infrastructure was sparse. But that has since changed with BP developing WND which came online from early 2017 (MEES, 12 May 2017). BP’s WND facilities have 1.4bn cfd of gas processing capacity, so there will still be 800mn cfd spare even after the two recent Raven wells are brought online. An...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
Trump’s Twin Desires: Energy Dominance & Low Prices
...rst term started in 2017. The year prior to his first term, liquids exports of 5.26mn b/d were well behind Saudi Arabia and Russia, but they have since doubled and have been running at more than 10mn b/d for the last two years. The US overtook Saudi Arabia in 2020 to seize the crown as the world’s la...
Volume: 68Issue: 04Published at Fri, 24 Jan 2025 -
Egypt Gas Output Boost As BP & Shell Complete Offshore Drilling
...e to imminently begin its own two-well campaign at Zohr in an attempt to add 220mn cfd to the current 1.6bn cfd output (just half of 3.2bn cfd capacity) by mid-2025 (MEES, 10 January). The WND Phase-1 Libra and Taurus fields were brought online in 2017 with Phase-2 Giza and Fayoum joining them tw...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
Mauritania: Mena’s Newest Gas Producer
...ack at being a petrostate. The Chinguetti oil field started up with much fanfare in 2006 but output rapidly dwindled from an initial 75,000 b/d, with the country’s only producing field finally coming to a halt in 2017. And, with further exploration having largely dried up, expansion at Tortue and/or...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025 -
Cyprus Hopes For Mega Exxon Elektra Find To Jolt Its Gas Sector To Life
...permajor’s exploration position in a region where it has no current output. Exxon was awarded blocks 10 and 5 offshore Cyprus in March 2017 and November 2021 respectively, making the Glaucus find in the former on 2019 (MEES, 1 March 2019). It has since added three large Egyptian Mediterranean blocks, with Qa...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
BP’s Eyes Raven Rebound As Egypt Output Slump Continues
...ypt, but its biggest project, West Nile Delta (WND) which started-up in 2017, has witnessed startling decline rates. In a bid to arrest that decline BP earlier this year launched a two-well infill drilling campaign at the Raven field, where output having hit 800mn cfd following 2021 start-up has since ha...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
Kuwait Pushes Back Upstream Capacity Target To Next Year
...elds, with KOC closing on its target of bringing overall conventional North Kuwait capacity to 700,000 b/d, just below the 2017-18 capacity peak of 760,000 b/d (MEES, 12 May 2023). KOC is increasingly deploying water injection and expensive chemical EOR techniques, while upping its drilling and workover op...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
Oman Sweetens Terms In A Bid To Entice IOCs To ‘Complex Assets’
...troleum Development Oman (PDO), to pioneer unique development techniques including enhanced oil recovery (MEES, 5 July). The sultanate also possesses sizeable unconventional gas assets including the massive 1.5bn cfd Khazzan & Ghazeer tight gas development which, when it started up in 2017 helped sp...
Volume: 67Issue: 45Published at Fri, 08 Nov 2024 -
Qatar Crude Output Tops 600,000 b/d For First Time Since 2018
...d TotalEnergies (30%) since July 2017 (MEES, 28 July 2017). It is an extension of Iran’s 25,000 b/d South Pars Oil Layer (SPOL). Prices are set by QatarEnergy each month following a monthly-tender which serves as an important indicator for regional spot market sentiment. The field’s output gains we...
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
Gulf NOCs Target Cuts To Upstream Emission Intensity
...stream output (CO2e/boe) which they aim to reduce to 17kg CO2e/boe by 2025 from a 2017 baseline of 23kg. The CO2e measure includes emissions of methane – a far more potent greenhouse gas, especially over the short term – at a conversion factor of 1kg methane = 29.8kg of CO2e. Gulf NOCs fall into two br...
Volume: 67Issue: 43Published at Fri, 25 Oct 2024 -
Cyprus’ Cronos Gas Find: Eni & Total At Odds Over Development Plan
...2017,” the government source tells MEES. “Maybe Total is unhappy that Cronos gas would go via Eni-operated facilities, potentially to an Eni-operated LNG export plant at Damietta, where it would have zero control over the gas,” the source speculates. Chevron had no such qualms when it fi...
Volume: 67Issue: 42Published at Fri, 18 Oct 2024 -
Oman’s OQEP Eyes New Gas Discovery In Upstream Reshuffle
...scovered in 2017 OQEP has expanded crude processing capacity with three processing plants commissioned in August 2019, September 2021, and November 2022. EXITING UNDERPERFORMING BLOCKS OQ and its partner Shell exited Block 42 after the exploration and production sharing agreement expired in...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
...tput in Libya has been falling. Mellitah sales gas output of 860mn cfd for 2023 is little more than half 2017’s peak figure of 1.59bn cfd, whilst Eni’s net figures are down even more (see chart). At the same time exports to Italy via the Eni-operated Greenstream pipeline (Libya’s sole gas export ou...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Oman Awards Northern Tight Gas Play In Bid Round
...2017 with cumulative output of 44,000 barrels on extended test, but which quietly abandoned the asset before last year’s bid round. The ministry says that in total four exploration wells and one appraisal well were drilled on the block between 1993 and 2017. Two formations indicated the pr...
Volume: 67Issue: 36Published at Fri, 06 Sep 2024