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Oman Set For New Gas Highs With Block 10 Start-Up
...CORD GAS OUTPUT Shell and TotalEnergies have greatly increased their presence in Oman’s exploration acreage in recent years following BP’s successful development of Block 61’s 1.5bn cfd tight gas reserves. Block 61’s Khazzan development came online in 2017 and revitalized Oman’s gas se...
Volume: 66Issue: 03Published at Fri, 20 Jan 2023 -
Oman’s Blocks 3 & 4 Suffer Output Fall For 2022
...REAM As it stands, all of Tethys’ production comes from Blocks 3 & 4, and even before last year’s problems the firm was keen to diversify. It snapped up three additional blocks between 2017 and 2020 and is optimistic about beginning commercial operations at one in the near future. After di...
Volume: 66Issue: 03Published at Fri, 20 Jan 2023 -
Oman Announces New National Gas Company
...d policies related to gas pricing and supply to various sectors of the economy including gas sales to industry. RESURGENT GAS SECTOR The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 spurred Oman’s gas revolution, with the second phase 500mn cfd Ghazeer play boosting pr...
Volume: 66Issue: 01Published at Fri, 06 Jan 2023 -
Abu Dhabi’s Mubadala Cuts Energy Sector Exposure
...RMDOWN The other major transaction this week involved Mubadala’s fully owned upstream subsidiary, Mubadala Energy (formerly Mubadala Petroleum). Mubadala Energy was led by Mr Kaabi between 2014 and 2017, and he has since remained chairman of the firm. The firm boosted its net output to a record 500,000 bo...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Genel Considers Impairment At Iraqi Kurdistan’s Sarta As Latest Well Flops
...aqi Kurdistan marked a major milestone for the region as the first new field to enter production since 2017 (MEES, 27 November 2020). But more than two years later production has dwindled from initial levels and work on appraising new areas has flopped, leading operator Genel to this week announce an im...
Volume: 65Issue: 50Published at Fri, 16 Dec 2022 -
Tunisia Struggles To Keep Oil & Gas Output Up
...wn from 201mn cfd in 2010. With the concessions only accounting for a tiny fraction of Shell’s global output, the firm has long been looking to concentrate its efforts elsewhere. It was looking to quit Tunisia as far back as 2017, though back then it was looking to at least make some cash from a sa...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
A Tale Of Two Egypts: Onshore Independents Struggle Even As Med Gas Thrives
...s drilling activities, which will have a positive impact on the Company’s production in Egypt,” Dana says. NILE DELTA BLUES Dana’s Egypt gas output fell to 125mn cfd for Q3 (25,800 boe/d including liquids) down from 139mn cfd a year earlier and almost 190mn cfd back in 2017. Ov...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Adnoc Plans IPO Of Key Gas Midstream Operations
...ES, 3 June). In September 2021, $1.1bn was raised through a 10% offering in Adnoc Drilling (MEES, 24 September 2021), and in October 2021 Adnoc and Egypt’s OCI raised $795mn by floating 13.8% of their Fertiglobe fertilizer JV (MEES, 8 October 2021). The first IPO of a subsidiary was the 2017 fl...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Middle East Firms Ramp Up Drilling Fleets
...between offshore drilling contractor Valaris and Saudi Aramco. ARO started operations in October 2017 and currently operates 15 rigs. The venture says it intends to order 20 new jack-up rigs over the next decade and expects the first two to be delivered in 2023. This pair are to be constructed at th...
Volume: 65Issue: 47Published at Fri, 25 Nov 2022 -
QatarEnergy Plots Pivotal Iraq Entry Amid Planned Transformation
...transform itself into a major global energy player. “Qatar Petroleum; 10 years from now you will not recognize it,” CEO Saad Sherida al-Kaabi told MEES in 2017 (MEES, 8 December 2017), and in the ensuing five years, the Qatari state energy giant has changed much more than just its name. Mr Ka...
Volume: 65Issue: 11Published at Fri, 11 Nov 2022 -
Sarsang Expansion Facility Starts Up
...r this year (see chart). The new facility will be the first significant new capacity addition since the Atrush field, where Shamaran is also present, came online in 2017. While the Genel-operated Sarta came online in late 2020, results have been disappointing (MEES, 13 May) and output averaged ju...
Volume: 65Issue: 43Published at Fri, 28 Oct 2022 -
Shell’s Incoming CEO Set To Oversee Streamlined Mena Growth
...rely 300,000 b/d by 2017 before dropping sharply to just 252,000 b/d in 2018 as Shell exited its Iraq holdings in frustration over payment delays and slim margins (MEES, 23 March 2018). That left Shell with sizeable equity production from just Oman, Qatar and the Egypt holdings it acquired with its 20...
Volume: 65Issue: 38Published at Fri, 23 Sep 2022 -
Shell Completes The Set For Qatar’s NFE Expansion
...Qatar rounded off partner selection for its $28.75bn 32mn t/y North Field East (NFE) LNG expansion project on 5 July by bringing Shell into the fold. Qatar’s LNG expansion has been hotly anticipated ever since it was first unveiled in 2017 (MEES, 7 April 2017), but amid a global energy crunch it...
Volume: 65Issue: 27Published at Fri, 08 Jul 2022 -
Qatar LNG Expansion Partners Eye Liquids Riches
...eviously told MEES that “there is nothing determined that we want to sell to anyone in particular. Some is sold on the spot market, some short term, some longer term. Our marketing guys just market it to get the best price” (MEES, 8 December 2017). NFE ethane is earmarked for a 2.08mn t/y ethane cr...
Volume: 65Issue: 26Published at Fri, 01 Jul 2022 -
Qatar Brings Major Players Into LNG Expansion
...pansion in 2017 (MEES, 7 July 2017). QatarEnergy has been able to leverage the huge interest in its LNG expansion project into progressing its overseas ambitions. TotalEnergies and ExxonMobil have received stakes equivalent to 6.25% (2mn t/y) as befits their status as the largest LNG players of the qu...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
TotalEnergies First Again With Qatar LNG Expansion Deal
...e first firm to re-enter Iran, alongside China’s CNPC, during the country’s brief post-JCPOA re-opening. The pair signed a $4.8bn deal to develop Phase 11 of the South Pars gas field in 2017 (MEES, 7 July 2017), before exiting in 2018 after the US re-imposed sanctions on Iran (MEES, 24 August 20...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Majors’ Russia Exit Puts Spotlight On Mena Portfolios
...to Iran’s South Pars gas project in 2017 was cut short by the return of US sanctions the following year (MEES, 23 November 2018). While it was prevented by the Algerian government from buying Occidental’s ex-Anadarko assets in 2020 (MEES, 8 May 2020), at least the firm managed to complete its co...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
BP Taking Egypt Offshore Block As Raven Outages Persist
...itially started-up in 2017 through the Libra and Taurus fields but suffered steep production declines. Despite the latest Phase-3 Raven gas-condensate field being brought online almost 12 months ago, output has never reached the 1.4bn cfd initially planned when the project was sanctioned (MEES, 30 April 20...
Volume: 65Issue: 15Published at Fri, 15 Apr 2022 -
Eni Turns To North Africa In Gas Output Drive
...ODUCTION *NO NORTH AFRICA SPLIT AVAILABLE FOR 2021. ^EXCLUDING EGYPT. SOURCE: ENI, MEES. EGYPT GROWTH Egypt has been instrumental to Eni’s tilt towards gas since the start-up of the 21.5tcf offshore Zohr field in late 2017. The field posted record 2.74bn cfd output last year, contributing 40...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Exxon Eyes 25% 2022 Permian Growth
...ficiencies and driving technology applications… has worked very, very well, and we’re seeing the results of that.” This references a strategy first set out in 2017 (MEES, 17 February 2017) and expanded upon two years later (MEES, 15 March 2019). Exxon also stuck to its guns and doubled down on the Pe...
Volume: 65Issue: 05Published at Fri, 04 Feb 2022