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KRG Drilling Surges As Turkey Partners With ExxonMobil
...mestic sales. On the oil front, Genel was on course to boost Taq Taq capacity from around 140,000 b/d to 200,000 b/d by end 2014. Extended well tests at Miran and Bina Bawi of 3,000 b/d and 1,000 b/d respectively should lead to larger oil developments of 50,000 b/d each by end-2015. KRG oil ex...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Algeria: Key Oilfields Hit By ‘Temporary’ Production Restrictions
...rk will likely last at least into 2014, according to Talisman’s regional Executive VP Paul Blakeley. Both were speaking on a 31 July conference call to mark the firm’s second quarter results. Restrictions also currently affect the 24,000 b/d Menzel Ledjmet North (MLN) field which lies wholly on Block 40...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Wintershall Set To Explore Shuweihat As IOCs Help Abu Dhabi Boost Gas Production
...til 2015 (MEES, 1 March). ADNOC insists that the project is on track for start-up in 2014....
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
US Mulls Further Tightening Of Iran Sanctions Screw
...e calling for restraint until the new administration signals its intentions on Iran’s disputed nuclear program. This latest legislation passing through the US House of Representatives and Senate would effectively blacklist the country’s mining and construction sectors – effective January 2014...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Abu Dhabi: Onshore Pumps 1.5Mn B/D, Investing $40Bn
...y through a five-year, $40bn plan to lift hydrocarbons output, including oil, gas, petrochemical and refining plants, said Muhammad al-Suwaidi, head of the ADNOC gas directorate. ADNOC hopes to complete a 417,000 b/d, $9.6bn new refinery at Ruwais in 2014, and gas developments account fo...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Aramco Rigs To Hit 200 By End-14, But Drilling Delayed
...rther. Aramco will use 170 rigs by end of this year or early 2014, Paal Kibsgaard, CEO of services giant Schlumberger told a 19 July investors’ conference call to mark the firm’s 2Q13 results. Schlumberger and Saudi independent consultant Husseini Energy have upgraded Aramco’s need from respective es...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Oryx Aims For 200KBD
...anned appraisal wells, scheduled for late 2013-early 2014, could add to this and the firm has identified three further prospects. Drilling has begun on two of these: the AAS-1 well on the Ain al-Safra prospect spudded on 10 June and the Zeg-1 well spudded in late April. Oryx, which recently listed in To...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Juba Looks To Develop Oil Sector As Khartoum Revokes Oil Threat
...finery in August, and a second one in early 2014. The first of these refineries – a 5,000 b/d ‘mini-refinery’ in Bentiu in Unity state – is being built by Russian firm Safinat Caspian Oil Refining Company, which signed a memorandum of understanding with Juba in December last year. The se...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Libyan Oil Sector Buckles Under Protester Pressure
...illing, slated to begin in October 2014. NOC is hoping BP’s three-year, five well-offshore drilling campaign will establish a new gas producing province. Current Libyan Crude Output (MEES estimates)- Total 1.06 mn b/d Company Foreign pa...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure
...e intending to have the contracts signed before the end of the year, in order to allow construction to begin in early 2014 [and] finished by 1Q16,” Mr Mestiri says. “Inshallah [we will stick to this timeframe] as long as we don’t encounter too much social unrest,” he conceded. OMV – the ke...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
OMV Set For Eastern Abu Dhabi Oil Exploration
...ve a joint venture petrochemical firm, Abu Dhabi Polymers Company (Borouge), which will expand its ethylene capacity to 3.6mn tons/year in 2014 (MEES, 1 March). OMV’s announcement comes at a time of greater opportunity in Abu Dhabi for foreign firms. Eleven foreign firms prequalified to bid fo...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
KRG Drops Turkish Six-Block Bombshell; Disputed Areas Included
...ded this year with a 48-inch sealine, Mr Ghadhban says. Two more SPMs are being added, which together with expansion at the 400,000 b/d Khor al-Amaya terminal and debottlenecking at the existing 1.6mn b/d Basra terminal should give southern export capacity of around 6.8mn b/d by end 2014, Mr Ghadhban cl...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Jordan: Gas Needed, No Good Options
...crease electricity tariffs by 15% for users consuming more than 601kw monthly, a figure that encompasses 90% of households according to Jordanian energy ministry estimates. However, following parliamentary pressure, the government’s liberalization scheme was delayed until early 2014. Fuel prices for all pr...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Project Delays Smother Iraqi Capacity Growth
...jnoon was supposed to start-up late May. But customs delays on vital equipment have pushed launch back to around October; privately operators concede a 2014 start-up is a possibility. Majnoon is due to come onstream at 100,000 b/d and ramp up to 175,000 b/d. Delays on Majnoon and Badra raise question ma...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Kish Gas Startup Claims Half-Baked
...at has played out in many projects across Iran over the past few years, development of Kish gas, according to Iran, is on schedule. “Early production” at Iran’s huge Kish gas field is expected to begin before the end of the current Iranian year (21 March 2013 – 20 March 2014), the semi-of...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Abu Dhabi Rejects ADCO Extension Request
...r a new ADCO shareholding structure by the concession’s official 13 January 2014 expiry. This will leave ADNOC operating the fields until the SPC makes the decision. Current ADCO partners are ADNOC 60%, Total, BP, Shell and ExxonMobil 9.5% each and Portugal’s Partex 2%. This would be a re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Fresh Blast Severs Yemen Crude Export Artery
...has dubbed the National Dialogue – a six-month long conference backed by neighboring Saudi Arabia and tasked, among other things, with writing a new constitution and preparing for democratic elections in 2014. With more than 500 representatives from different political parties, regions, tribes and re...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Neutral Zone Contract Awarded
...peline that will take 50-60mn cfd of currently flared associated gas from Khafji. French contractor Technip last year won a contract to build a 110km gas and condensate pipeline, to be completed by the second half of 2014. The pipeline will also take non-associated gas from the Dorra field, which is sh...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Iranian Parliament Approves $20Bn Oil And Gas Bonds
...tween the latter and the government remains unresolved and many deputies believe it should be postponed till 2014. With the official inflation rate topping 31.5% in the year ending 20 March 2013, and independently believed to be double that or even higher, implementation of the second phase of th...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Abu Dhabi Onshore Awards Unlikely Before ADCO Concession Ends
...elds. ADNOC Director General ‘Abd Allah al-Suwaidi on 23 April suggested that a decision may not be reached on Abu Dhabi Company for Onshore Oil Operation’s (ADCO) contract by the time it expires on 13 January, 2014. More than 10 firms have been invited to bid for its concession. ADCO is co...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013