- Sort by:
- Score
- Published ▼
-
Baghdad Kicks Off Production Target Talks
...favor of a major plateau reduction. Firstly, it has become increasingly clear that building the contracted 10mn b/d plus of new capacity, and more importantly the associated transportation and water injection infrastructure required by 2017, as stipulated in Iraq’s service contracts, is simply not vi...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Qatar To Invest Heavily In Crude Boost
...oduction sharing agreement (PSA), which expires in 2017. Doha, however, told Maersk to hold back on boosting capacity while it studied the reservoir to understand where it should plateau output to extend the field’s life. The reservoir has suffered from a pressure drop and sea water entering the reservoir, wh...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...IC) expect to prequalify engineering firms by year-end for the planned $5-10bn, 200,000-300,000 b/d Duqm refinery and petrochemical complex, allowing start-up in 2017. State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) expects to award construction contracts to expand it...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Shahristani Eyes Extended Iraq Production Plateau Durations
...perts, realistic) revision to Iraq’s official 7-8mn b/d figure (MEES, 13 June 2011). Currently foreign operators have committed to maintaining plateau production for between seven and 13 years, with the plateau volumes to be reached by 2017. The critical Round 1 mega-developments – the 2....
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Abu Dhabi Burns More Crude And Gasoil To Meet Power Challenge
...abi’s program to inject carbon dioxide from up to 17 power stations and industrial plants into its oil fields, releasing reinjection gas. The CO2 output of a 1gw gas-fired plant could replace some 80mn cfd of natural gas. But its earliest start up would be 2017 (MEES, 2 April), and Abu Dhabi has yet to se...
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Oman Relies On PDO And BP To Meet Gas Challenge
...OMAN Oman Relies On PDO And BP To Meet Gas Challenge Oman is building gas-fueled power plants to meet demand that is rising at 7-8% per year. Before BP’s 1bn cfd tight gas project starts up at the end of 2016/early 2017 – which has slipped six months – Oman will rely heavily on Sh...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Kurds Warn Over Oil Payment, Kirkuk Field Rehabilitation
...xonMobil’s exit from leadership of the Common Sea Water Supply Project, bringing together ExxonMobil, Lukoil, BP and Eni-led upstream projects, has pushed a 4.2mn b/d phase one of this critical project back from 2015 to 2017 and maybe further, sources say (MEES, 26 March). Delays in implementing the Common Se...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
SEC Sees Orders Of $18Bn For Debut International Sukuk
...ars are priced at 195 basis points (bps) over benchmark 10-year mid swaps (equating to 200.8 bps over 2017 US treasuries) and the five-year at 140 bps over mid swaps (163.5 bps over 2022 US treasuries). These tightened 15-20 bps from initial guidance. The coupon on the five-year sukuk is 2.665% and on th...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Greece-Cyprus-Israel Energy MOU Postponed Indefinitely
...e export “on a non-exclusive basis” of 2-3mn tons/year of LNG starting in 2017. MEES understands that the joint development of Cypriot and Israeli blocks is as yet undecided, since the Cypriot government would prefer to export its gas to European and not Asian destinations, despite the fa...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
ExxonMobil Water Project Exit Threatens To Derail Iraqi Upstream Schedule
...oject has been put back two years. So instead of 2015, it won’t come on until 2017.” Even if this view is overly pessimistic, there is little doubt that the project has been seriously delayed – FEED was due for award last November (MEES, 3 November 2011). In the long-run, this water is vi...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
Kuwait Burns Crude, Turns To Renewables, To Meet Fuel Challenge
...at Kuwait “is burning large quantities of high export value fuels – 30% of the fuel mix is crude and gasoil.” The four-year-plus delay on the 1bn cfd Jurassic northern fields gas project (MEES, 5 March), and the freezing of the planned al-Zour refinery, which won’t be ready until 2017 at th...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Kuwait’s Jurassic Gas Project Hits More Problems
...ird said the 530,000 b/d plan can be expanded to 615,000 b/d if Kuwait’s heavy oil projects are successful. Mr Rashdi hopes to commission the 615,000 b/d version in 2017. However, the project – first planned in the early 1990s – was blocked by parliament’s objection in 2009. Its contract award was su...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Neutral Zone Oil Production Capacity To Increase 180,000 B/D By 2019
...ich will go to Kuwait. The increase in production will start by 2015.” A big increase may come from Chevron’s steam flood development of the Wafra field’s First Eocene reservoir, adding an extra 500,000 b/d of 14-20° API crude, starting to ramp up after 2017. A final investment decision [FI...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Abu Dhabi Continues Uncertainty Over 1.4Mn B/D Concession
...nger operate (MEES, 10 October 2011). The consortium’s target is 1.5mn b/d production capacity by 2017. The SPC will approve bidding guidelines before their release by ADNOC. Mr Suwaidi said they will state the available equity and the desired number of shareholders. Companies will submit bids to AD...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
South Pars Reservoir Faces Challenges
...likely to be in production before 2017 and if NIOC cancels the CNPC project and gives it to local contractors it will take even longer – possibly beyond 2020. Phase 13: In 2009 Shell and Repsol quit the 2bn cfd project, being replaced by an Iranian consortium, which has only made 24% progress. Ph...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Iran’s Political Struggle May Further Delay Major Gas E&P Push
...rther on 3 January when it threatened to take action if the US Navy moves an aircraft carrier into the Gulf. Kuwait and Saudi Arabia are jointly developing what they call Dorra offshore field, known as Arash in Iran, and hope to get first production by 2017. The maritime border between the three co...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012 -
Chevron’s Neutral Zone Steam Injection Project To Cost $10-15Bn
...mping up steeply from first steam injection in 2017 to 100,000 b/d by mid-2019 and 300,000 b/d by end-2021, reaching full output in about 2026. This would plateau for two or three years before falling to 300,000 b/d by about 2040. Production from the Neutral Zone’s four onshore fields, South Umm Gu...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Final Phase In Battle Of The Caspian Gas Pipelines
...stern Thrace via Ukraine, Romania and Bulgaria. Ankara plans to make up for this loss by increasing its LNG imports to augment the flow of Russian gas via the Blue Stream pipeline until it can begin receiving the Shah Deniz Stage 2 gas in 2017. TANAP Twist The second of these developments was the an...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Gulf Arab Producers: We Can Guarantee Energy Security
...troleum (QP) to build a $6.4bn petrochemical plant to produce 1.5mn t/y of monoethylene glycol and 300,000 t/y of olefins (see page 17). If the final investment decision is taken the two firms will form a joint venture (Shell 20%, QP 80%) by the end of 2012 and start commissioning the plant in 2017. Qa...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Qatar Raises $5Bn In Bonds, Defying Unstable Market
...turity Amount ($Bn) Price (BPS Over Treasuries) Yield (%) Coupon (%) November 2011 Issue Jan 2017 2 225 3.18 3.125 Jan 2022 2 262.5 4.63 4.5 Jan 20...
Volume: 54Issue: 49Published at Mon, 05 Dec 2011