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Egypt Drilling: Shell Kicks Off 9-Well Campaign As BP Readies Plans
...ell is setting its sights beyond Egypt for WDDM backfill options. Shell (35%) and partners Chevron (35%op) and Israel’s NewMed (30%) in May filed a development plan for Cyprus’ 2011 Aphrodite discovery which could see 650mn cfd production tied back to the WDDM offshore facilities (MEES, 2 June). Mi...
Volume: 66Issue: 33Published at Fri, 18 Aug 2023 -
Libya Exploration Looking Up As Eni & BP Lift Force Majeure
...menting the re-establishment of UK relations with the Gaddafi regime following a landmark visit by then PM Tony Blair to Tripoli (MEES, 4 June 2007). BP was slow to kick off exploration but was “hours away” from beginning a 17-well, $900mn commitment drilling program when the revolution began in February 2011...
Volume: 66Issue: 31Published at Fri, 04 Aug 2023 -
Cyprus & Israel Close In On Deals To Kickstart Aphrodite Development
...ergy way back in 2011, with Chevron taking over as operator with its $5bn purchase of Noble in 2020 (MEES, 9 October 2020). The initial A1 discovery well was drilled just 3km from the maritime border with Israel, leading to speculation that the reservoir extended into Israeli waters. Subsequent pr...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Iraq: Another New Gas-Focused Bid Round – Can It Attract Major Interest?
...cluding in Saudi Arabia). The structure includes two LR6 blocks on offer: North and South Rutbah. Elsewhere in Anbar, the Akashat block lies on the Syrian border. A 2011 map from Cambridge Carbonates shows indications of previous drilling activity near the block which is believed to have eight leads th...
Volume: 66Issue: 25Published at Fri, 23 Jun 2023 -
Chevron Submits Aphrodite Plan As Nicosia Attempts Strategy Shift
...e field, following its 2011 discovery, potentially more important will be a gas sales agreement with Egypt. While the Aphrodite partners will have one eye on exporting some volumes as LNG – the WDDM facilities land at Idku, at infrastructure adjacent to the 7.2mn t/y ELNG export terminal (also op...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023 -
Cyprus’ Aphrodite: Chevron Spuds Crucial A3 Well
...Drilling has started at Cyprus’ 4.5tcf Aphrodite field. Will results from this second appraisal well finally see the field’s partners, led by US major Chevron, submit a development plan? To say that development has been slow at Cyprus’ 4.5tcf Aphrodite field, discovered in December 2011, wo...
Volume: 66Issue: 18Published at Fri, 05 May 2023 -
Cyprus’ Aphrodite: Operator Chevron Mulls Cut-Price Tie-Back To Egypt Subsea
...r the 2011 discovery which lies 160km offshore on the Cyprus/Israel maritime border in 1750ms water depth. A development plan approved by Nicosia in November 2019 as part of a renegotiated PSC (MEES, 8 November 2019), envisaged five production wells and output of 800mn cfd, with tie-back di...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023 -
Iraq’s Akkas & Mansuriya Fields: Back On Offer
...arded in 2011 to a consortium led by Turkey’s TPAO (22.5%op) alongside Korea’s Kogas (15%), and Kuwait Energy (since taken over by Hong Kong-listed UEG, 22.5%) and state-owned Oil Exploration Company (OEC 25%). Following IS’ ouster, disagreement on commercial terms with operator TPAO pushed Baghdad to ta...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
‘It’s A Beautiful Asset’: Chevron Talks-Up East Med Expansion Plans
...rect Israel-Egypt pipeline, this one a 600mn cfd onshore route linking Israel’s southern gas network with the Egyptian Sinai via the border crossing of Nitzana. APHRODITE BECKONS As for the potential for long-stalled development of Cyprus’ 2011 Aphrodite discovery, all eyes are now on an...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Egypt Gas Output Slump Means Lower LNG Exports Despite Record Israeli Flows
...lumes of 1.27mn tons (0.56mn tons Idku, 0.71mn tons Damietta) are the highest for the first two months of the year since 2011 – spot LNG prices have eased considerably in recent months (see p20), reducing the LNG revenue bounty for Egypt’s stretched economy (MEES, 24 February). 1: EGYPT GAS OU...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Tunisia’s Upstream: On Its Last Legs?
...cord 98,900 b/d for 2022. With chronic instability since Tunisia’s 2011 revolution having led to an investment collapse the country has gone from domestic oil output almost meeting demand in 2010 to a record shortfall for 2022 when domestic output equated to just 36% of demand (see chart 1). It...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
TotalEnergies Charges Ahead To 2022 Mena Oil Output Record
...ain sailing. Key projects in Syria and Yemen have been offline since 2011 and 2015 respectively amid devastating conflicts there. Net gas output last year was barely half the record 1.46bn cfd set in 2011 (see chart 4). But this hasn’t prevented Total from seeking more projects in the region, al...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Chevron Eying Egypt Tie-In For Cyprus’ Aphrodite
...tober 2020). The US major’s input, expertise and deep pockets could prove to be invaluable if Cyprus’ dreams of developing its first ever discovery, made in 2011, are to be realized. Of course, those dreams don’t all rest on Aphrodite’s shoulders now, with Italian firm Eni and US major ExxonMobil ma...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Lebanon Gas: Key Officials Fly In, Highlighting Project’s Geopolitical Significance
...pply the domestic market. At approximately 70km offshore in 1,700ms water depth, the minimum reserves size needed to justify Qana development would surely be much lower than for Cyprus, where the 4.5tcf Aphrodite find (160km offshore, 1,700 meters depth) has remained undeveloped since its 2011 di...
Volume: 66Issue: 05Published at Fri, 03 Feb 2023 -
Eni & Total Add To Cyprus Gas Finds With 2-3tcf Zeus
...arby. Taken together such volumes would in theory be sufficient to justify the construction of a land-based LNG plant, Nicosia’s long-stated aim ever since Cyprus’ first gas discovery, 4.5tcf Aphrodite, back in December 2011 (MEES, 9 January 2012). Despite the five to-date gas discoveries, no field ha...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Libya Calls On IOCs To Return To Work
...e country to return and “lift the force majeure declared by them.” Libya’s chaotic political trajectory since the 2011 ouster of Muammar Gaddafi has made many IOCs wary of fully engaging in the country which holds the largest proven oil reserves in Africa some 48.3bn barrels according to Op...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
Chevron Hits Paydirt With 3.5tcf Egypt Gas Find
...veloped 4.5tcf 2011 Aphrodite discovery. The US major only entered Egypt in 2019 when it was awarded a frontier Red Sea exploration block. In July of 2020 it took its first offshore Mediterranean acreage, when it was awarded Narges as well as two further blocks in Egypt’s unexplored West Mediterranean re...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Russia’s Tatneft Returns To Libya, Again
...tneft’s on/off exploration work in Libya since the 2011 revolution set off a decade of – still ongoing – political instability. The firm last year returned to drill appraisal well ‘B2’ on Block 4, but results were not made public (MEES, 22 October). NOC says it held a meeting with Tatneft officials wh...
Volume: 65Issue: 45Published at Fri, 11 Nov 2022 -
Oman’s PDO Targets 19-Year High Crude Output
...ghest level since 2004 and more than 100,000 b/d above 2011’s nadir. PDO aims for further substantial near-term gains, with the firm targeting 700,000 b/d crude oil production by 2024 (MEES, 5 June 2020). The latest sustainability report cites the Yibal Khuff Project (YKP) as central to achieving th...
Volume: 65Issue: 37Published at Fri, 16 Sep 2022 -
Libya Gas Exports Face Uncertain Future
...e still more than a fifth lower than 2010’s record of 1.55bn cfd, according to the BP Statistical Review of World Energy (see chart 1). That record year came just before the toppling of long-time ruler Muammar Gaddafi in 2011 which set Libya onto a still-ongoing course of political instability, ma...
Volume: 65Issue: 35Published at Fri, 02 Sep 2022