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Qatar Petroleum Looks To The Future After Board Shake Up
...pire in 2017, though the Danish firm expects to keep the field, sources tell MEES. Maersk is happy with Mr Kaabi’s new role at QP – Mr Kaabi is thought to understand the importance of continuity in operatorship of fields. Production at Shaheen recently fell by 15,000 b/d to 285,000 b/d, due to planned ma...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
Oman’s Orpic In Catalysts R&D Venture
...finery capacity from 116,000 b/d to 197,000 b/d by 2017 (MEES, 9 May). For Orpic, the deal will provide valuable access to catalysts technology, since Middle East refiners largely depend on outside companies for catalysts at a time when regional demand is growing in line with refining capacity. Gr...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Delek’s Leviathan Development Fund Raising Gathers Pace
...rtners are looking to double Tamar’s gas output capacity to 20-22 bcm/year (around 2bn cfd) by building a third delivery pipeline by 2017. Current capacity is 1bn cfd, with output averaging 750mn cfd (MEES, 16 May). At Leviathan, Noble, Delek and partner Ratio Oil (15%) are looking to finalize a de...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Business As Usual For ADCO After Majors’ Departure
...the fact that the fields lie in an environmentally sensitive area. The UAE is targeting production capacity of 3.5mn b/d from 2.8mn b/d currently through further development of its onshore and offshore fields by 2020, somewhat later than the original 2017-18 target. This delay is due to a host of...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt To Slash Petroleum Subsidies As Part Of New Budget
...% of GDP to health, education and scientific research by 2017, compared to 6% of GDP in 2013-14. It will aim to achieve sustained economic growth and restore confidence in the Egyptian economy, by adopting a number of reforms intended to correct structural imbalances in public finances, and achieve fi...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt: Receivables Rise Again
...d-2013. Meanwhile in its 16 May preliminary 2013 results announcement, the firm says that first gas from the 2.1 tcf Ain Tsila field, the company’s “most significant asset,” “now appears more likely to occur in 2018 than the previous estimate of late 2017.” FEED is set to begin later this year, wh...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
KPI Positive On China JV
...16, or early 2017, the Vietnamese refinery will exclusively process 30.2° API Kuwait export crude....
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Hamad Bin Jasim Returns With $1.6bn Heritage Oil Takeover
...nths until reaching six active rigs in 2017, Heritage says. The block has 1.1bn barrels of remaining 2P reserves, of which Heritage’s net share is 277mn barrels, the firm says, adding that the block also contains 2.5 tcf of undeveloped gas, as well as “deeper exploration potential.” Production at OM...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
CNPC In Abu Dhabi Upstream Deal
...ing additional barrels online. Abu Dhabi hopes to boost oil production to 3.5mn b/d from 3mn b/d by 2017 – though MEES understands that the target will not be achieved until at least 2020 (MEES, 11 April). In addition to the KNOC/GS Energy concession, Germany’s Wintershall and Austria’s OMV (24.9%-ow...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Chevron Taps MENA For Output Boost
...REGIONAL Chevron Taps MENA For Output Boost Chevron is targeting a 25% increase in its oil and gas production by 2017 from about 2.6mn boe/d in 2013 with the Middle East expected to play a pivotal role in the expansion. The company intends to invest around $3.2bn in exploration an...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
RWE-Dea Sold To Russian Investor Group
...bstantial MENA presence. Dea’s regional portfolio is anchored in Egypt, where it started up gas production at its Disouq concession in the Nile Delta last September. The company also has around 30% of the West Nile Delta project it is developing with BP. Start-up is scheduled for 2017, after negotiation ov...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Wintershall To Partner BP, Mubadala For North Africa Expansion
...ggane 19.5% Repsol, S’trach, Edison 285mn cfd 56mn cfd $585m 2017 Libya: NC193,195 100% n/a 30...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Petrofac Bags $1.2Bn Oman Gas Deal
...ll as an associated condensate processing system, a power generation plant, a water treatment system and other associated infrastructure. Petrofac says it will complete work on the CFP by 2017 in time for startup of Khazzan production – first gas is slated for late 2017 under the development pl...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
ADCO: BP Expects No DecisionFor At Least A Year
...e UAE. Politics is expected to play a part in the decision of who ends up with a stake in the prized concession, where production is set to increase to 1.8mn b/d by 2017 with a number of new European players invited to bid alongside Chinese, Japanese and South Korean players more likely to bid ag...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Qatar Expands Overseas Ambitions With Brazil Deepwater Deal
...ar and will ramp up to 140,000 b/d by 2017. Excitement Abroad, Dull At Home At home, Qatar does not appear set to end the moratorium on new developments at the North Field over the medium term. Its growth strategy now appears to have shifted abroad, where it will augment the success of its so...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Upper Zakum Extended, Terms Sweetened
...vember, ADNOC unveiled a plan to boost Upper Zakum production from current levels of about 585,000-590,000 b/d to 1mn b/d. Prior to the announcement, ZADCO had planned to push production to 750,000 b/d by 2017. It is unclear when the consortium expects to hit the 1mn b/d target; Inpex said in a statement th...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Egypt: Momentum Stutters On Gas Price Uncertainty
...oducers $1.5bn of the roughly $6bn they were owed at the time. Since Prime Minister Hazim al-Biblawi announced the measure, companies including the UAE’s Dana Gas have confirmed that payments have been made. Cairo plans to repay a further $3bn in instalments by 2017. It hopes to make its hydrocarbon se...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
QP Petchem Flotation
...all of Total’s operations in Congo, which among others include the Moho North Project, slated to come online in 2015, and ramp up to 140,000 b/d by 2017. Based on recent production numbers, QPI’s working interest in Total E&P Congo’s output will be around 16,000 b/d of crude, and just under 5mn cf...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Alstom, Bemco Target Region With Saudi Generators Plant
...r 2017....
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...me online in late 2017 at the earliest following repeated delays. “The new oil minister is trying to stimulate investment and [gas] supply, particularly from the Mediterranean. They have some deepwater and shallow water discoveries, [but] it’s pretty much stranded at the moment because of the gas pr...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013