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BP, CNPC Bag Improved Rumaila Terms As Iraq Slashes State Stake
...e oil ministry is negotiating a lower PPT with Malaysian Petronas, operator of the Garraf oil field in Thi Qar province with partners Japex and the North Oil Company. Garraf entered into production in 2013 at a rate of 35,000 b/d and the PPT was set at 230,000 b/d to be attained by 2017. When Ir...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Qatar Hires Rigs In Boost To Crude Output Plans
...Congo. This is expected to come online next year and ramp up to about 140,000 b/d by 2017. QPI’s working interest will be about 16,000 b/d of crude and just under 5mn cfd of gas (MEES, 24 May 2013), offsetting potential declines at home. Early this year, QPI bought 23% of the ultra-deep water Pa...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
BP Agrees Lower Rumaila Plateau As West Qurna-2 Ramps Up
...okesman for BP, operator of Rumaila, Iraq’s largest oil field, confirmed that a final agreement on lowering PPT for Rumaila had been signed in the presence of CEO Bob Dudley on 4 July. The plateau has been revised down to 2.1mn b/d from a previous 2.85mn b/d, originally scheduled for 2017. “We are ve...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Qatar’s Barzan Gas Faces Delay
...ntinue to enjoy surplus gas in the domestic market through 2017 (MEES, 13 December 2010). Liquids Boost Construction of the first train is 95% complete, according to RasGas. In addition to the gas increment, the project will boost Qatar’s condensate and NGLs production: Barzan’s gas is very wet an...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Egypt Bid Round Yields First Results
...derway: last month, work began on expanding the Midor refinery, which will add 60,000 b/d in capacity from 2017, whilst a massive upgrade to the Cairo refinery is set to half diesel imports. Egypt Fights Gas Deficit While the shortage in petroleum products is rooted in downstream deficiencies, Eg...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Leviathan Development Gathers Pace As Partners Sign Third Sales Deal
...serves, 6.6tcf Is Earmarked For Phase 1 Development. ^Tender Closes November 2014. Tamar: 2bn Cfd By 2017 At Tamar, Noble’s other key Israeli offshore field, Noble says it will double capacity to 2bn cfd by the end of 2017. Indeed debottlenecking recently raised Tamar’s capacity by 10% to 1.1bn cf...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
RWE Dea Boosts Egypt Gas Output, Russian Sale Advances
...souq. It is also a minority partner in the 50bn cu ms BP-led West Nile Delta offshore project, which the two companies hope to develop by 2017. Collapsing output means Egypt faces a chronic near-term gas shortage. It hopes to relieve this with the planned start of LNG imports in December, after ag...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
Hungary’s MOL Announces KRG Development Plan As Others Exit
...L intends to raise production from the block to an expected minimum of 50,000 boe/d by 2017-18. MOL also has 10% of the Pearl Consortium, alongside Austria’s OMV and the UAE’s Dana Gas, which has launched arbitration proceedings against the KRG, disputing terms of its gas development co...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
BG: Egypt Down 52%
...feline when the company signed a preliminary agreement with a Noble Energy-led consortium to pipe gas from Israel’s offshore Leviathan field to Idku. Under the letter of intent, Israeli gas would start flowing from 2017-18 at a rate of 700mn cfd in a 15-year supply deal. ...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Abu Tabul Commissioning To Kick Start Oman Gas Boost
...nths, in an effort to boost much needed short-term supplies, ahead of the planned 2017 start-up of the 1bn cfd Khazzan tight gas project in Block 61 (MEES, 20 December 2013). Despite overseeing a significant hike in gas output over the past 10 years, Oman is facing an ever increasing gas feedstock sh...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Iraq: Crisis Remains At The Door Despite Badra Start Up
...oil from the south to attain its production and export targets. Badra is due to ramp up to 60,000 b/d by the end of the year and attain plateau production of 170,000 b/d by 2017. Once commercial production is attained, the foreign contractors will be paid a remuneration fee of $5.5/B. Gazprom Ne...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Leviathan 3Tcf Boost
...erated ELNG plant at Idku – MEES, 4 July). They also have deals to supply gas to Israel and the Palestinian Territories. Turkish companies are looking to import Leviathan gas, while the partners have entered into a tender to export gas from 2017 to nearby Cyprus. Cyprus also hopes to secure Leviathan ga...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Sisi Risks Price Reform To Boost Energy Sector
...e deal is almost finalized, and Petroleum Minister Sharif Isma’il told the press that the project is on track to come online in 2017. Mr Allman-Ward tells MEES that developing North El-Arish will only be possible if the company receives remuneration above the standard gas price, and Mr Isma’il ha...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Algeria Says Output Will Rise 15% By 2018.
...aly’s Edison, which will start production in 2017. Touat, also 4.4 bcm/year, operated by France’s GDF, and the 1.8 bcm/year Total-operated Timimoun are also slated for 2017 start-up. All three projects have already suffered extensive delays. In addition, the report details three Sonatrach-operated fi...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Iran To Sideline Sinopec At Yadavaran
...state giant NIOC, which today jointly operates the field with Sinopec. This follows significant delays at the field – one of several key projects Iran hopes could help boost its domestic oil producing capacity over the coming years. Iran is targeting a highly ambitious 5.7mn b/d by 2017, up fr...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Egypt’s LNG Imports Face Delays
...d minority partner RWE-Dea. Wnd Boost After experiencing some delays, the project is now on track for coming online in 2017, Egypt’s Petroleum Minister Sharif Isma’il told the press last week. Talks for a comprehensive final agreement on the project are ongoing, according to Mr Molla. “We...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
BG Signs Deal To Pipe Israeli Gas To Egyptian LNG Plant
...s over a 20-year period once Leviathan begins production. The Leviathan partners, Houston-based Noble (operator with 39.66%) and Israeli firms Delek (45.34%) and Ratio Oil (15%), are looking to finalize a development plan this year with a view to produce first gas from late 2017, although MEES views su...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Major Declines Ahead For Kuwait Oil Production, Says IEA
...line with its effective capacity; indeed, Saudi Arabia is the only producer with significant excess capacity, leaving global markets potentially vulnerable to an output shock. The only increment that the IEA foresees in the forecast period is 60,000 b/d in 2017 from the Ratga heavy oil project in...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Gas Shortage Leaves Iranian Petchem Plants Idle
...trochemical plants linked by Iran’s under-construction 2.5mn t/y West Ethylene Pipeline (MEES, 16 May). But, with additional gas from South Pars only likely to come onstream in late 2017 at the earliest (MEES, 6 June), the gas shortage for Iran’s petrochemicals sector and resultant overcapacity will get worse be...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA: Middle East Gas Output Set For Strong Growth But Outpaced By Demand
...m) chg '13-'19 2000 2010 2013 2015 2017 2019 BCM % Middle East* De...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014