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Kuwait Jurassic Gas: Kharafi Seeks Finance, Shell Faces Second Probe
...wer plants during peak power demand. The fractionation train – the refinery’s fifth – will have a capacity of 105,000 b/d of LPG and condensate, and 800mn cfd of ethane and natural gas. It is scheduled for start-up in 2017. The fourth train, of the same size and configuration, will be built by 20...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
A Realistic Outlook For Iraq's Oil Production In 2030
...e contracts concluded between the Iraqi Ministry of Petroleum and international oil companies, Iraq’s crude oil production is supposed to increase from 2.5mn b/d in 2010 to approximately 12mn b/d in 2017. However, projections by international energy agencies are underestimated. The following are so...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Kuwait Discovers More Burgan Reservoirs, Plans Water Injection
...14, with injection scheduled for late 2017,” Chevron tells MEES. Steam flooding takes time to ramp up output as the rocks slowly heat up, giving results that show how many injection wells are needed – Oxy had to double the number of wells at Muhaizna, Oman, once full field development steam in...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
New KNPC Chief And SPC Guidelines Revive Hopes For Kuwait Mega-Projects
...be taken before 2013. Potentially the project could boost Kuwait’s share of the additional Eocene 120,000 b/d by 2017. Meanwhile, KPC is also planning refineries in Vietnam (200,000 b/d), Indonesia (200,000-300,000 b/d) and China ($9bn, 300,000b/d), and is studying using Kuwaiti heavy crude as fe...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Socar Looking To Take Equity In Winning Shah Deniz 2 Export Pipeline
...mpany will look to buy shares in the pipeline consortium selected to deliver the 10 bcm/year of gas to Europe after 2017 from the Shah Deniz Stage 2 gas field development. He said that Socar was willing to purchase shares in the winning consortium “in order to assist in financing, to assist in op...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Cook: Shah Deniz 2 Consortium Looking For Scalability In Pipeline Proposals
...with their offers for pipeline transportation by 1 October 2011. Beyond that we have to take our final investment decision in 2013 and after that we expect to start gas production by 2017. The rights to the Shah Deniz field in Azerbaijan end in 2036. That may look quite far away but actually to...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Nabucco Legal Framework Agreed As Southern Corridor Race Heats Up
...able. The main issue is whether by 2017 (the planned date of commencement of gas supplies for Nabucco) there will be enough gas.” If this is not the case, “other options will be considered – small pipelines, which can later be enhanced as new volumes of gas are available,” Mr Morningstar said. “Pr...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Methanol Chemicals Company Agrees $222Mn Refinancing Deal
...mpany announced on 5 June on the Saudi bourse’s website. The Murabaha refinancing facility, which ends on 15 December 2017, was signed by SABB, Riyad Bank and Samba. It includes restructuring of a SR326mn ($87mn) cost overrun facility agreement dated 27 October 2009 and due on 18 November 2011, as we...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Iraq’s Upstream Oil Contracts, 2011 And Beyond
...atures 143bn barrels of proven oil reserves (plus an estimated 30bn barrels in Iraq’s Kurdistan region), a four-year oil production plan targeting 6.5mn b/d by the end of 2014, and a contracted daily capacity expansion plan of more than 12mn b/d by the year 2017. Figure 1: Geographic Di...
Volume: 54Issue: 22Published at Mon, 30 May 2011 -
Nabucco Announces Further One-Year Delay, Construction Now To Start In 2013
...s expected in the second half of 2011, for at least one year. He said that construction of the pipeline could start in 2013 with the aim of transporting its first gas volumes in 2017. Yet this may not be the last postponement for the project since Mr Mitschek observed that “the ‘open season’ pr...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
OPWP Projects Oman Power Demand Will Near 3.5GW By 2017
...Middle East Economic Survey VOL. LIV No 20 16-May-2011 oman OPWP Projects Oman Power Demand Will Near 3.5GW By 2017 Average demand for electricity in Oman is projected to increase from 1.924gw in 2011 to 3.464gw by 2017, an average growth rate of about 9% per year, according to...
Volume: 54Issue: 20Published at Mon, 16 May 2011 -
Iraq Launches Exploration Round
...so of new capacity by 2017 is going to be a massive task. Expense apart, there is not likely to be the demand for such a huge expansion. Iraqi Deputy Prime Minister for Energy Affairs Husain al-Shahristani recently acknowledged that Iraq needs to sit down with its foreign partners and discuss a mo...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Abu Dhabi Capacity Expansion Schedule Slips By A Year
...shore, ADNOC’s Abu Dhabi Company for Onshore Oil Development (ADCO) is set to reach 1.8mn b/d production capacity by 2017 – back one year from the latest target – MEES understands. Developing Asab, Sahil and Shah fields will increase capacity by 60,000 b/d to 455,000 b/d when they are commissioned in th...
Volume: 54Issue: 18Published at Mon, 02 May 2011 -
Socar Offers BP Option To Explore For Further Gas In Shah Deniz And ACG Fields
...gotiations are in their final stage. The investment amount and other details are under discussion right now.” He noted that ACG’s deep gas reserves are estimated at 200-250 bcm and that Socar was looking for production to begin as early as 2017, first from Chirag and Guneshli and then from Azeri. He ad...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Qatar’s $5Bn Barzan Project Financing Moving Ahead
...ve been awarded and progress has been made on the financing plan further big delays are not expected, although a slip to 2015 would not be problematic, given that Qatar has a gas surplus up to 2017 and does not need new North Field supply (MEES, 13 December 2010). Barzan is a two-train project an...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Levant Basin Gas Potential Shows Upside For Israel, Companies Involved, Says UBS
...2017 and that “tighter market conditions towards 2015, and the inclination of European and Asian buyers to diversify their supply base should help to secure supply agreements.” For monetizing Leviathan, the bank said it views a gas pipeline through Turkey (such as those planned as part of th...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Moody’s Upgrades DP World Ratings To Baa3
...5bn sukuk issued by DP World Sukuk Limited, which is due in 2017. All ratings have a stable outlook. “The rating action reflects Moody’s view that the company has achieved credit metrics that are commensurate with a higher rating category and are likely to be maintained over the medium term,” said Fr...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Kuwait Eyes Permanent LNG Facilities As Politics Holds Up $90Bn Energy Plan
...the Dorra offshore field in the Neutral Zone between Saudi Arabia and Kuwait, which share production. It could give Kuwait 500mn cfd in 2017, if Kuwait’s previous plans stay on schedule. The gas crisis could ease by 2020 when gas production capacity will be 3.5bn cfd. If KPC’s upstream di...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Deadline Set For Competing Gas Corridor Projects, Nabucco Plans Extension
...ah Deniz consortium to take its final investment decision in 2013 so as to be able to ship the early gas volumes to Europe by mid to late 2017. The BP move coincided with an announcement by Socar’s President Rovnag Abdullayev that the final purchase and transit agreement between Azerbaijan’s So...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Wintershall To Join South Stream, Slovenia Signs JV Agreement
...rrent 0.5 bcm/y. The current contract expires in 2017. On 21 March, Russia’s Prime Minister Vladimir Putin told reporters that Russia would be providing the Turkish authorities with additional information to help precipitate the granting of a permit for detailed route planning of the offshore co...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011