- Sort by:
- Score
- Published ▼
-
Iraq’s Southern Exports Hit Record 2.6mn b/d But North Still Out
...velop the field in December 2009 under a 20-year technical services contract for a remuneration fee of $5.5/B. Gazprom Neft has estimated the investment required to take the field to its target plateau of 170,000 b/d by 2017 at $2bn. Iran, which has made development of shared fields with Iraq a top pr...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Saudi Aramco Gives North Ghawar Reservoirs A Rest
...aybah is due to be completed by 2015, taking production to 1mn b/d, double initial capacity when the field came online in 1998, Aramco says. Khurais is also being expanded to produce 1.5mn b/d of Arabian Light by 2017, up from a current 1.2mn b/d. The company produced an average 9.4mn b/d of crude oi...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Iraq’s Rumaila Down By 200,000 B/D As Water Content Rises
...the country’s producing fields, by offering to raise production to a 2.85mn b/d plateau by 2017 for a per barrel fee of $2, and maintain the plateau production target for seven years. The investment to date has raised production capacity from the field, which has 17bn barrels of recoverable re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Bahrain Oil And Gas Sector Steady In 2013, But Challenges Ahead
...en delayed by at least two years. Previously, MEES reported that Bapco expected to roll out the replacement and new refinery units over a two-year period between 2017 and 2019. Speaking about the timing of the Sitra refinery expansion, Mr Muayyid sees greater market competition from Gulf re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Qatar Faces Cost Blow-Out In Drive To Redevelop Bul Hanine
...r crude production. In the April report, QNB says that it expects oilfield redevelopment to only sustain current levels of crude output. Last year, however, QNB forecasted a growth in crude production to 800,000 b/d by 2017. The bank’s recent break with optimism is in stark contrast with earlier pr...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Delek Raises Funds To Drive Offshore Israel Development
...oduction platform to the wellhead has a capacity of 12 bcm/y (1.16bn cfd). The third pipeline would likely cost $200-300mn and be completed by 2017, according to Israeli daily Globes. Moody’s rating agency gave the bond, issued on 28 April, a Baa3 rating (investment grade, though only just) lowest due to...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Leviathan Eyes Cyprus Tender; Cyprus Eyes LNG
...ns of LNG. First gas is to be delivered between 1 January 2016 and 30 June 2017. The tender expressed no preference for pipeline or LNG delivery. With Cyprus having no current LNG import infrastructure, any offer involving LNG would have to factor in the cost of building such plant. MEES un...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Iran Turns Up The Heat On Chinese State Energy Giants
...7mn b/d by 2017, up from 3.7-3.8mn b/d today (MEES, 18 April). Beijing is by far the largest foreign investor in the Iranian upstream, after having stepped in to take control of projects abandoned by Western oil companies that were forced to exit Iran with the tightening of Western sanctions in the mi...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
KPC 100KBD India Deal
...gin commissioning in June. The refinery is highly complex and is built to process ultra-heavy, sour crudes. Kuwait has plans to bring onstream 60,000 b/d of extra-heavy Ratga crude by 2017 and increase production to about 120,000 b/d by 2020 (MEES, 18 April). Indian Oil is moving forward with pl...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Egypt Pushes Back Bid Round Deadline
...paid $1bn in outstanding receivables over the coming two months. IOCs are owed $6.3bn, said Mr Ismail, after they received $1.5bn last December. The government at the time announced the repayment of a further $3bn in monthly instalments to 2017 (MEES, 25 April). The ministry offered no clues as...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Noble Bullish On Leviathan Plans
...s key Israeli fields. Prime among these is the aptly-named 19tcf Leviathan field, the East Mediterranean’s biggest discovery to date. Here, Noble is increasingly confident it will be able to bring the field online by late 2017, more than doubling the firm’s gross offshore Israel capacity to 3bn cf...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Algeria: Politics Unchanged, Oil & Gas ‘Must Do Better’
...tes will start coming onstream from 2017. “For the next few years, we assume things will be held pretty much steady at current levels,” says Mr Pollard. And steady production means falling exports given booming domestic demand – especially for gas, with Algeria bringing online a massive 12GW of gas-fi...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Tunisia: Oil Output Down On Political Delays
...bitious Zarat development plan targets initial output of 24,000 b/d oil from 2017 (with gas initially re-injected). PA’s financial worries only ended when deep-pocketed but controversial Geneva-based trading house Gunvor took a majority stake and pledged to extend financial backing. Gunvor is the ma...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Kuwait’s Unstable Politics Slow Oil Sector Advances
...preme Petroleum Council (SPC). Award is expected by October, Mr Hashim says. KOC expects to hit its first phase 60,000 b/d target by 2017; the second phase will take production to about 120,000 b/d by 2020. In the long term, KOC expects to be able to push Ratga production to 270,000 b/d by 2030, but th...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
No Quick Fix For Iraq’s Deteriorating Crude Quality
...ending processes were to blame. Mr ‘Abd al-Zahra, a deputy director general at Iraq’s state South Oil Company, said recently that the addition of new storage capacity at the Fao terminal in the northern Gulf would allow for eventual segregation of Basrah Light according to crude gravity. After 2017, Ir...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Shell’s Iraq Gas Project Inches Forward; First Majnoon Cargo Lifted
...mpany 25%. Under the 20-year technical service contract that expires in 2030, the consortium is to be paid $1.39/B to raise Majnoon output to 1.8mn b/d by 2017. Shell has not yet completed negotiations with the oil ministry on a lower plateau target, which the company believes should be set at 1m...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Abu Dhabi’s Oil Production Capacity Target Slips
...mpletion as scheduled in March 2017 and will round up ADMA-OPCO’s existing capacity expansion projects that will take overall capacity to 970,000 b/d by 2020, two years after the existing concession runs out. Further additions will come from the Upper Zakum offshore field, which is being expanded by an in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Kurdish Export Initiative Stalled By Pipeline Sabotage
...bruary, the highest in more than three decades. Lukoil is operator of the field with a 75% stake. The remaining 25% is held by NOC. Lukoil agreed to lower the production plateau target for West Qurna-2, originally set at 1.8mn b/d to be attained by 2017, to 1.2mn b/d while extending the duration of the 20...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Lukoil’s West Qurna-2 Start Will Add To Iraq Oil Output Gains
...koil was originally awarded a 20-year TSC to develop West Qurna-2 in 2010, when the ministry had set far higher plateau production targets (PPTs). Under the initial contract, output was set to rise to 1.8mn b/d by 2017 and be maintained for 13 years for a fee of $1.15/B. The oil ministry, which had or...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Israel: Gas Boom Targets Turkey
...ISRAEL/TURKEY Israel: Gas Boom Targets Turkey With the 19 tcf Leviathan field set for 2017 start-up and bids received from Turkey to import Israeli natural gas this week, Israel’s energy sector is set for a boom. Over 10 bids were submitted this week in a tender by...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014