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CNPC Kicks Off Halfaya Phase 2
...oject, the 535,000 b/d Halfaya development and partner with BP on the giant 2.85mn b/d Rumaila development - are spearheading the capacity drive.On 14 April, CNPC announced it had started construction of a 100,000 b/d, 60 well phase 2 for Halfaya. This is due to come on stream in “the second quarter of 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
... SAUDI ARABIA Aramco Starts Up 900,000 b/d Manifa Field State-owned Saudi Aramco has started production at its Manifa oil field three months ahead of schedule, it announced on 15 April. It will ramp up production to 500,000 b/d by July and 900,000 b/d by end 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Gulf States Reveal Shale Gas Ambitions
...ploration the Zagros region of western Iran before the end of the current Iranian year (20 March 2013 – 20 March 2014). Oman First Past The Finish Line? Of the Gulf countries though, Oman is likely to be the first to tap such unconventional deposits. The country has for some years now been st...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
DNO, Genel See Iraq Crude Boost
...heme operating in the first half of 2014. Over the same period we will be evaluating and drilling a number of other prospects we have in the Chia Surkh license,” he said. The Chia Surkh license is operated and held 60% by Genel Energy. The remaining 40% is held equally between Petoil Inc and th...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Baghdad Refocuses Oil Industry Priorities
...rgets has been postponed, but nevertheless Baghdad is still pushing hard for near-term growth, aiming for average 2013 crude exports of 2.9mn b/d, up almost 600,000 b/d on last year, and it is targeting 2014 output of 4.5mn b/d, compared to just over 3mn b/d last year. Iraq added significant pr...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
BG Sanctions WDDM Phase 9a Following Payments Deal
...rried out from the second to the fourth quarters, 2014....
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
IOCs Scramble To Meet New UAE Oil Minister
...pact its energy industry for decades. Options include: breaking it up into individual fields; reducing consortium members’ equity; and adding new shareholders. ADCO’s concession expires in January 2014. It is owned by ADNOC (60%), BP (9.5%), Total (9.5%), Shell (9.5%), ExxonMobil (9.5%) and Po...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
...end 2014, we have a project that we already have started developing. We are expanding Khurais which came on stream in 2009 to 1.5mn b/d and we will be doing Shaybah, 250,000 b/d,” Mr Falih said. The additions will, like Manifa, not be a net addition to existing production capacity of around 12...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Kuwait Moves 4Mn B/D 2020 Crude Target Back To 2030
...ptember 2014. Phase 2 will start a few years later, taking total water injection to 1mn b/d. The project will maintain Wara production capacity at 180,000-200,000 b/d. Actual production is typically somewhat lower at around 130,000 b/d. At 1,400ms Wara is the shallowest of Burgan’s four main reservoirs. Th...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Anadarko Turns North Africa Focus To Shale
...nth, back from late 2012. Output is set to ramp up to 130,000 b/d crude and 600mn cfd (6.2bcm/y) of wet gas - adding around 30,000 b/d of condensate production - by the end of first quarter 2014. Volumes will approach three-quarters of these levels by the end of 2013, according to Anadarko’s fi...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Libyan Instability - The New Normal
...e process of being built will also be used by others. There are overall restrictions in the infrastructure at this point in time, which we do not see going away in the year 2013. And the question is do they go away in 2014?” “With the 85,000 b/d we are currently producing, we are fully ut...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Apache Hit By Egyptian Permit Delays
...eper plays a particular focus. Apache President Rodney Eichler told a conference call to mark the company’s 2012 results last week that the company expects this extensive drilling program to translate into “slightly higher” Egyptian gross output for 2013. For 2014 two new Egyptian projects ar...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
KRG Operators Drill On Despite Lack Of Oil Deal
...12). By contrast a genuine export breakthrough early in the year would galvanize a whole group of operators that have made commercial discoveries to fast-track development. The major production surges would only be seen in 2014 and 2015, but nevertheless, significant gains could still be made by en...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Contractor Shortage Sets Back Libyan Production Ramp-Up
...se in Libyan output. Wintershall Woes Germany’s Wintershall – a subsidiary of chemicals giant BASF – says that raising production on its two Sirte basin blocks from 80,000 b/d to the pre-Revolution average of 100,000 b/d will likely take until 2014. The company had previously said th...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
UAE Gas Projects Advancing Towards Completion
...ortage of at least 2bn cfd of gas each summer. Al-Hosn, a joint venture (JV) between state-owned Abu Dhabi National Oil Company (ADNOC) 60% and US independent, Occidental Petroleum (Oxy) 40%, is set to complete the Shah ultra-sour gas field development in 4Q 2014 – producing 1bn cfd of wellhead ga...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Tullow Consolidates Mauritanian Position Ahead Of Key Drilling Campaign
...ead of a 2014 final investment decision on development of its 1.5tcf Banda gas field. Tullow is acquiring Malaysian firm Petronas’ operator’s stake in the C-6 block taking its share to 88%. This follows last year’s purchase of Australian independent Roc Oil’s minority stakes in C-6 and si...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
South Sudan Plots New Oil Concession Sales
...nk in order to kick-start construction on its side, without specifying amounts. 2014 A Pipedream? This, the minister said, left him optimistic that South Sudan may even be able to export its oil via Lamu before the end of next year. “The impression we are getting from the international co...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Egypt Struggles With Gas Supply Challenge
...epwater (up to 2,300ms) project is now slated for the fourth quarter of 2016 at the earliest, a two-year delay from the target of 2014 when the project was approved in 2010 (MEES, 21 September 2012). Egyptian offshore gas fields typically suffer from rapid decline rates of around 10%/y so a co...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
BG Egypt Output Hit By WDDM Compression Failure
...ditionally plans to move forward with the next phase of WDDM development (Phase 9a) this year, subject to the consent of its partners, Malaysian state firm Petronas and Egyptian state firm EGPC. Some 12 development wells are planned for 2013 and a further six for 2014 to develop an additional 2 tcf of gas re...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Japanese, French, Move To Secure Abu Dhabi Concessions
...ve in November, BP announced it was selling North Sea interests to Abu Dhabi’s state-owned TAQA, boosting its chances of keeping its 9.5% stake in ADCO – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2% – when the consortium’s concession expires in January 2014. Paris and Lo...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013