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Saudi Power Revamp Progresses Apace Amid Record Electricity Demand
...8GW expansion to the 2.2GW PP12 plant, which is situated around 100km west of Riyadh. PP12 is a modern CCGT power plant running on gas feedstock, which started up in 2014 and is operated by SEC. In a 14 March announcement, Korea’s Doosan stated that SEC has awarded a consortium of it and China’s Se...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Oman State Upstream Firm Targets 2025 Growth Via Acquisitions & Upgrades
...cond onshore block OQEP operates after Block 60. OQEP signed an exploration and production sharing agreement for Block 60 back in 2011. By 2014 it brought online the Abu Tabul tight gas field (MEES, 23 January 2015) where output averaged 20.1mn cfd for 1H 2024. This was followed by the discovery of the Bi...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Libya’s Mega 2025 Bid Round 2025: 22 Blocks, 235,000 km2, 1.6bn boe
...ins on the back of increased drilling activity have renewed interest in the sector. Spain’s Repsol and Austria’s OMV, as well as Italy’s Eni, recently resumed drilling in Libya for the first time since 2014 (MEES, 1 November 2024), with the former two optimistic about further gains in 2025 (MEES, 28 Fe...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...05tcf. Notus is the third undeveloped gas discovery of Cluster 2, made in the Oligocene. Drilled in 2013 to a total depth of 7,200ms by UK firm BG (since taken over by Shell), gas in place is estimated at 1.22tcf by EUG. In 2014 BG filed a development plan for Notus but stated that moving forward wa...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt: Apache Eyes Gas Gains As Eni Output Slumps
...ES, 17 October 2014), Egypt returned to (joint) top billing in Apache’s Q4 results on 27 February. The US independent says it is “building a sustainable base, anchored by [the] Permian and Egypt.” Following a late-2024 agreement that brings “gas-focused investment to economic parity with oil,” by hi...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Libya Upstream Enters ‘New Era’ With Launch Of Long-Awaited Bid Round
...aly’s Eni, recently resumed drilling in Libya for the first time since 2014 (MEES, 1 November 2024). ‘LIBYA IS BACK’ Ç In a televised event in Tripoli, acting NOC chief Massoud Suleiman launched the bid round, saying it marks the end of 17 years of “neglect” of Libya’s resources and “ye...
Volume: 68Issue: 10Published at Fri, 07 Mar 2025 -
Chevron Eyes Long Term Gains From Saudi-Kuwait Neutral Zone
...rm opportunities that are captured and can become very attractive.” NEUTRAL ZONE REBOUND Production in the PNZ was fully shut-in from May 2015 until February 2020, with the offshore Khafji field taken offline in October 2014 followed by the onshore Wafra field in May 2015. On th...
Volume: 68Issue: 08Published at Fri, 21 Feb 2025 -
Baghdad Scrambles To Keep US Sanctions Waivers On Iran Electricity Imports
...mains questionable given substantial damage to the region’s infrastructure when under ISIS control in 2014-16 . Mr Sudani also highlights Iraq’s plans to import electricity via the GCC’s common interconnector and Jordan this summer. Having missed its earlier end-2024 target, the GCC Interconnection Au...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Algeria Gas Exports Lowest Since 2020; Is Key Field Still Out?
...ar earlier at 7.99bcm (9.41bn cfd), average output of 10.3bn cfd (88.9bcm) for 11M 2014 was down 7% year-on-year. Whilst granular output data for the key fields of state giant Sonatrach are treated as a national secret, many are aging and have seen repeated spending on compression and EOR pr...
Volume: 68Issue: 06Published at Fri, 07 Feb 2025 -
Oman Launches 2025 Bid Round With Three Onshore Blocks
...set in 2012 and 2014 but failed to sign anyone up (MEES, 8 August 2014). One previous exploration well “failed to reach the target” according to the ministry, but “active hydrocarbon seepage found in the block” supports the likelihood of a “working petroleum system.” The ministry also claims it is su...
Volume: 68Issue: 06Published at Fri, 07 Feb 2025 -
Kuwait Upstream Capacity Tops 3mn B/d
...nagement between Saudi Arabia and Kuwait (MEES, 24 October 2014). For Kuwait to generate 350,000 b/d capacity from the PNZ by 2035, gross capacity will have to rise to a record 700,000 b/d. Appraisal work to potentially unlock new reserves at both Khafji and Wafra has been carried out to enable this. As...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025 -
KRG: Genel Finalizing Taq Taq Exit
...Genel Energy says it has agreed terms with Iraq’s Kurdistan Regional Government for exiting the Taq Taq PSC, noting that this will “remove the risk of any residual decommissioning liabilities.” Taq Taq was the largest IOC-operated field in Kurdistan in 2014 with 103,000 b/d output, peaking at 11...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025 -
Eni/Kogas Quit Cyprus Blocks As Development Plans Awaited
...years. Eni, which originally had 80% stakes, drilled two dry wells on Block 9 (Onasagoras 2014, Amathusa 2015). But plans for an initial Block 3 well in February 2018 were scuttled as Turkish warships obstructed drilling (MEES, 16 February 2018). French major TotalEnergies farmed-in to the ac...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
BP-Baghdad: Kirkuk Deal Close?
...story at Kirkuk, but earlier talks fell apart in 2020 following a three-year study initially commissioned in 2013, which was interrupted by the rise of the Islamic State in 2014. In August last year, both parties re-engaged in negotiations to develop the field’s Baba and Avanah domes, as well as the ne...
Volume: 68Issue: 02Published at Fri, 10 Jan 2025 -
Iraq’s Cabinet Approves Basra-Haditha Crude Oil Pipeline
...l to global markets, but plans to develop an alternative route via Aqaba were derailed by the rise of the Islamic State in 2014, with security still a major concern in Anbar. IRAQ’S OIL & GAS PIPELINE SYSTEM ...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025