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Iran Revives Oman Gas Export Plans
...ggest gas producer Petroleum Development Oman (PDO) aims to boost output from new discoveries, and also reduce its own gas use by improving efficiency. Oman and Iran came very close to reaching a gas agreement in 2011, MEES learns, but talks broke down after Iran had a sudden change of heart ve...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
South Sudan Turns On The Taps
...ity state. “This is a sign of peace. No way are these sisterly countries to live without peace; and [now] oil will play a great role to keep the peace in Sudan and South Sudan,” he told crowds that had gathered at the event. South Sudan seceded from Sudan in July 2011, taking with it around th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Algeria: Repsol Find
...vember 2012); the latest hit a 50mn gas column and was drilled to a total depth of 1,510ms. The large concession, acquired via 2009 bidding contains several former oil and gas discoveries and lies between BP’s In Amenas fields and the Libyan border. Exploration began in July 2011 with the acquisition of...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Egypt Hopes Payment Deals Will Reinvigorate Upstream Investment
...atements, released last week, show Egyptian receivables rose from $131mn at the end of 2011 to $164mn at the end of 2012 despite it having been paid $135mn last year. The firm says it has now struck a monthly payments deal with EGPC and received $52mn during 1Q13. Meanwhile, cash-strapped UAE independent Da...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Yemen Hopes To Turn A Corner, Offers Yet More Blocks
...ar was a difficult year for Yemen. While the situation in its neighboring Gulf States had calmed somewhat from the most active days of the Arab Spring in 2011, Yemen was still forced to contend with a host of challenges that continuously threatened to endanger both its domestic stability and regional se...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Oryx IPO Bid Reveals Controversial Wasit Oil Deals
...IRAQ Oryx IPO Bid Reveals Controversial Wasit Oil Deals Geneva-based independent Oryx Petroleum has signed three oil deals directly with the Wasit Provincial Government, bypassing the central Iraqi government in Baghdad. The 13deal was done back in December 2011. Rumors of the deal – an...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Sudans Readying For Southern Oil Restart
...id in Juba on 26 March. He said the producing oil companies in the South were currently in the process of resolving any remaining technical issues that could prevent the country from reclaiming its place among Africa’s key oil exporters. South Sudan seceded from Sudan in July 2011, ta...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Yemen Offers 15 More Blocks
...men’s 2011 average production at 228,000 b/d, down 24% from the 2010 figure of 301,000 b/d, and off 50% from 455,000 b/d in 2001.) Sustained attacks on the country’s oil pipelines and power lines however have compromised government efforts thus far, prompting the authorities to launch a major of...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
PetroTel Expands Oman Portfolio
...nistry of Oil and Gas (MOG) on 26 March, for a 100% working interest in Blocks 39 and 67, both of which were made available as part of a bid round in August 2010. With this acquisition, PetroTel brings its number of Omani assets to four, after winning the adjoining Blocks 17 and 40 in 2009 and 2011 re...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Saudi Arabia Adds Projects To ‘Difficult’ Gas Challenges
...cluding the Ministry of Petroleum and the Ministry of Industry and Trade,” Samir al-Jishi, general manager for strategy and business development at Saudi International Petrochemicals Company said on 19 March. “A decision on this was expected in 2011. This was then postponed to 2012 and then to 20...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Iraq Operators Struggle To Meet Start-Up Schedules
...ke much more oil. Two 850,000 b/d Single Point Mooring (SPM) buoys were brought into service early last year. Iraq managed to export in peak months of July and August 2012 a good 500,000 b/d above 2011’s average of 1.71mn b/d from the south. However, while loading has been taking place from bo...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Attack Heightens KRG Security Fears
...an-Claude Gandur, former owner of Addax Petroleum, took over operatorship of Hawler from Russia’s Norbest in August 2011. It has a 65% stake, with Korea’s KNOC holding 15% and the KRG 20% in the block, which lies just to the west of the KRG capital of Irbil. Oryx has also been one of the firms li...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Yemen Prequalifies Nine Companies Ahead Of Block Awards
...dustry and reverse declining output – a trend seen since the early 2000s. BP estimated Yemen’s 2011 average production at 228,000 b/d, down 24% from the 2010 figure of 301,000 b/d and 50% from 2001’s 455,000 b/d. However, oil sector initiatives have been repeatedly compromised by the still-vo...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
...ready stands at 1.4mn b/d. And unlike the bulk of Saudi Arabia’s crude production, Khurais, 250km southwest of Riyadh, pumps oil westwards to Yanbu’. So Khurais exports would keep flowing even in the event of a disruption of Straits of Hormuz traffic (MEES, 28 February 2011). Khurais has proven reserves of...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Kuwait Moves 4Mn B/D 2020 Crude Target Back To 2030
...en producing since 1946. KOC keeps output between 1.4-1.5mn b/d, MEES learns. KOC carried out a successful 20-month pilot water injection scheme, which finished in July 2011 (MEES, 27 June 2011). This injected effluent and aquifer water into Burgan’s Wara reservoir, giving a better un...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Iran Projects Oil Exports At 1.3Mn B/D
...gime of US and European financial and trade sanctions, is trying to diversify its revenue away from oil exports, a main source of foreign exchange. Recent data is hard to come by, but in the first nine months of the Iranian year 1390 (March-December 2011), the value of Iran’s oil exports accounted for 83...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Sudans Hope Third Time Is The Charm
...start in production to review the metering system that is in place currently. Each side will conduct a review of the facilities in its own territory. South Sudan seceded from Sudan in July 2011, taking with it around three-quarters of the former Sudan’s oil production. It then shut down its ne...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
MENA Active Drilling Rigs, February 2013
... North Africa: Active Drilling Rigs 2007-Feb 2013 MENA Active Drilling Rigs, February 2013* 2013 2012 2012 2011...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Anadarko Turns North Africa Focus To Shale
...p of Tunisia (bordering both Algeria and Libya) from Canadian minnow Voyageur in December 2011. Anadarko assumed full costs for two commitment exploration wells due by November 2013 as part of the deal, and plans to drill both this year – the company’s only planned 2013 MENA exploration dr...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Oman To Award Five Exploration Blocks In 2013
...e number of Petrotel’s Omani assets to four, after it won the adjoining Blocks 17 and 40 in 2009 and 2011 respectively. In Block 17, Petrotel began its drilling campaign in 3Q11, and until recently had found seven prospects. In Block 40 the company has so far committed to a total investment of $35mn to...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013