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Algeria Fields Start Up
...m, IPIC – 40%. The two projects have been subject to multi-year delays (MEES, 20 February). The next oil project scheduled to come online in 2017 is the Central Area Field Complex operated by Eni in the Berkine basin (MEES, 29 May). Algeria’s $90bn 2015-19 upstream spending plan of...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Iran Plans March Azar Start-Up
...anian year (20 March 2016-20 March 2017), senior reservoir engineer Keyvan Yarahmadi says. The field is thought to be a continuation of Iraq’s 3bn barrel Badra field which is operated by Russia’s Gazprom Neft. Current Badra output is 27,000-28,000 b/d, up from 15,000 b/d last year - though this is so...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Kuwait, Saudi Spat Over Neutral Zone Heats Up
...olation of the bilateral agreement, he adds. He also says that work to cut emissions had begun in 2011 and was due to be completed in 2017. Mr ‘Umair says in the letter that the Kuwaiti side had suggested to the Saudis that production resume at Khafji at a reduced rate of 100,000 b/d, but that the Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...VELOPMENT ON HOLD The cash-strapped government in Baghdad has had to divert funds to the battle against IS and try to cut costs by scrapping some vital projects, which has frozen investment in new oil and gas capacity for this year and possibly up until 2017 (MEES, 17 July). The loss of territory ha...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Partex Sees Adco Opportunity As BP, Shell Shun Terms
...d US players. Adnoc retains a 60% controlling stake in the restructured Adco, which manages 15 onshore fields that are currently producing 1.6mn b/d and are due to rise to 1.8mn b/d by 2017. TOTAL IN; EXXON OUT; BP, SHELL PLAY HARDBALL But ExxonMobil was apparently not impressed with th...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Egypt Hopes To Attract IOCs To Its Western Mediterranean Waters
...yptian gas is set to remain on a downward trajectory until late 2017 when the BP/Dea $12bn West Nile Delta (WND) project is set to start up (MEES, 27 March). Output is slated to ramp up to 1.2bn cfd by 2018, the equivalent of more than a quarter of current output. Egypt is looking to plug the gap be...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Iraq Lowers Sights On Capacity As Reality Sets In
...nstraints are ignored, is likely to stagnate till at least 2017 if not beyond. But Mr ‘Abd al-Mahdi says that the cost cuts will not have a material impact on production capacity, which will be maintained at current levels. However, some of the foreign oil companies present at a London conference on 9 Ju...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Egypt On Road To Gas Recovery After Years of Stagnation
...ssive task, given that this is 16% above current output, with no new developments slated to come onstream in the meantime. The IEA projects output will edge higher to 52 bcm in 2018 – following the start up in late 2017 of the BP-led $12bn West Nile Delta (WND) project (MEES, 27 March). Output is slated to...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
IEA Cuts Mideast Gas Demand And Production Outlook
...untry can export 65 bcm/year by 2017 (MEES, 5 June). The Algerian government has reported domestic consumption at 38 bcm for 2014 (MEES, 27 March). The political volatility in Libya further clouds North Africa’s ability to sustain – let alone increase - exports to key customers in Europe. “The good ne...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
...cluding Saudi Aramco, which is under pressure to cut costs. “What I observe is that there has not been a single big project announced in six months. The engineering companies are starting to worry. They already have projects locked up to 2017 so they don’t want to cut their charges. They are trying to re...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Algeria Ploughs On With Failed Policies
...ports, but we will also increase our capacity to supply the domestic market. If the market recovers and we get good value for our hydrocarbons then we are here to supply.” In a keynote speech delivered by Mr Demmak to the WGC on 2 June he said that Algeria “will be able to export 65 bcm in 2017 and th...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...ll be hoping to capitalize on the momentum created by the recent $12bn deal signed by BP and Dea with Cairo for the development of WND, which is slated to produce 1.2bn cfd from 2017 (MEES, 22 May 2015). ENI/BP: PRECIPITOUS DECLINE While BP has earmarked the western delta for its key ex...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria’s Upstream Investment: Running To Stand Still
...% Mid-’17 Sonatrach says 2016 4.4 424 Timimoun , SW Gas Project Total 37.75%op, Cepsa 11.25%, Sonatrach 51% 2017 Sonatrach says 20...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iraq Seeks Chinese Funding For Crucial Water Injection Project
...line late and reportedly has just one drilling rig operating, said in early May that it is delaying full development plans for Majnoon to 2017 or beyond. Italy’s Eni, operator of the Zubair oil field, has already canceled two major contracts. Iraq may be celebrating the achievement of post-1979 re...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria Maintains 2015-2019 Production Plan, Keeps Quiet On Shale
...stream projects in the first three years of the plan: $15.5bn in 2015, $22bn in 2016 and $23bn in 2017, according to Mr Sahnoun, figures which imply a drop-off in investment to $15bn/year for the last two years of the plan. Sonatrach’s CEO said $11bn would come from international partners, with the rest to...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
BP Steps Up Egypt Commitment But IOC Receivables Climb Again
...ril). Production is slated to begin in 2017 and by 2019 ramp up to 1.2bn cfd – which equates to 26% of Egypt’s 1Q15 gas output of 4.54bn cfd. BP’S WEST NILE DELTA FIELDS & KEY INFRASTRUCTURE WND PRICING DETAILS The agreement signed between the partners and Cairo is not a typical Production Sh...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Aramco Oil, Gas Reserves At All-Time High
...ightly behind schedule in mid-2016 rather than in 2015 as announced previously. There was no mention of Khurais, which is being expanded to produce 1.5mn b/d of Arabian Light by 2017 from 1.2mn b/d currently. The latter project appears to have been superseded by a revamp of the Dammam field, one of the ea...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Iran Selects 49 Oil, Gas Projects Open For Foreign Investment
...ar in early 2014 to 330 bcm/year by 2017. The list, revealed on the ministry news service by Abdol-Mohammad Delparish, director of consolidated planning at the state-run National Iranian Oil Company (NIOC), comprises a host of projects that are at various stages of exploration and development. 28 of...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Oman Planning for Spot Power
...pire in 2017, with five more finishing by the end of 2020. While some PPAs will continue beyond the introduction of the spot market, the new rules will provide “an alternative way for producers to sell power to OPWP” (MEES, 7 February 2014). NERA has already advised the GCC Interconnection Au...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Qatar Seeks New IOC Partners To Develop Al-Shaheen Oilfield
...om al-Shaheen,” says Jakob Thomas, CEO of Maersk Oil, adding that the company had known that it would be challenged on terms and conditions in connection with the 2017 extension, and had been waiting for more information from QP on how they wished to proceed. That uncertainty was making it difficult fo...
Volume: 58Issue: 19Published at Fri, 08 May 2015