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Algeria Optimistic On Future Production Potential
...natrach foreign joint venture partners planned to return expat personnel to In Amenas, the gas complex that was the site of a deadly attack by Islamist militants in January. Another key expansion project is Petroceltic’s 355mn cfd Ain Tsila development, slated for late 2017 start-up....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Sonatrach Preempts Petroceltic Ain Tsila Sale
...rrels of condensate. First gas is scheduled for 2017. Petroceltic now owns 38.25% of Ain Tsila, whilst Italian power firm Enel has 18.375%. Petroceltic, following its initial 2011 farm out to Enel, has for some time sought to divest a second similar-sized stake: both to help fund development an...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Obstacles For Qatari Crude Boost As QNB Sees 800,000 B/D By 2017
...QATAR Obstacles For Qatari Crude Boost As QNB Sees 800,000 B/D By 2017 Development plans for Qatar Petroleum-operated fields are key to Qatar’s short-to medium-term production boost hopes; Maersk and Occidental-led fields will have a long-term impact. But it is unclear if...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Saudi To Keep Crude Output High Amid Soaring Domestic Demand
...uthwest, will add a further 800,000 b/d by 2017. Currently running on light crude, the Satorp refinery will process heavy oil from the offshore Manifa oil field, currently producing 500,000 b/d, when fully operational. Manifa production is due to reach full capacity of 900,000 b/d next year. The st...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Iraq: New Field Start-Ups Offer Some Respite From Recent Woes
...veloped by a consortium led by Malaysia’s Petronas in partnership with Japan’s Japex and the state-owned South Oil Company. It had been due to start up in mid-2013 at a rate of 50,000 b/d and ramp up to its plateau of 230,000 b/d by 2017. However, despite delays attributed mainly to difficulties ob...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Abu Dhabi Drives Offshore Oil Development
...pacity to 3.5mn b/d. Delays to offshore production mean Abu Dhabi’s long-standing overall 3.5mn b/d production target has been pushed back from 2017 (MEES, 21 June). Abu Dhabi’s other offshore consortium Zakum Development Company (ZADCO – state-owned Abu Dhabi National Oil Company – ADNOC 60%, Ex...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Iraq Shake-Up: CNPC Enters West Qurna-1; Shell Slammed Over Majnoon
...tronas were awarded the 20-year service contract for further development of the Majnoon oil field in January 2010, when they submitted a winning bid to raise output from a baseline of 46,000 b/d to a plateau of 1.8mn b/d by 2017 for a remuneration fee of $1.39/B. The contract came into effect in March 20...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Kuwait’s New Oil Minister To Push Through ‘Mega’ Projects
...ogress Lower Fars heavy crude, Ratga fields 270 2017 2030 Delayed Neutral Zone Wafra field, heavy crude $10-15bn 500 (Kuwait 25...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Chevron’s Neutral Zone Steam Injection Pushed to 2020
...gin in the 1Q16, he adds. This would push back a final investment decision (FID) until the start of 2017 at the earliest. The project has slipped by at least three years (MEES, 25 October 2010). Mr Shammari says Chevron will inject its first steam as part of the main phase of its steam in...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
230,000 B/D Garraf Joins List of Delayed Iraqi Projects
...late 2011/early 2012, causing a delay of at least two years to the original 2015 phase 1 start-up (MEES, 26 March 2012). Current project manager, CH2M Hill believes it can still make the 5.2mn b/d phase 1 start up by 2017 (MEES, 22 March), but most Iraqi oil investors are skeptical. A high pr...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Abu Dhabi: Onshore Pumps 1.5Mn B/D, Investing $40Bn
...0,000 b/d oil field development of the offshore Umm Lulu field will form part of a 400,000-1mn b/d boost to the Emirate’s output by 2020 (see map, p3 and MEES, 21 June). The last time the target was publicly stated, it was for 2017, though it was originally for 2015. Abu Dhabi is half wa...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Aramco Rigs To Hit 200 By End-14, But Drilling Delayed
...0,000 b/d by end 2014, and plans a 300,000 b/d expansion at Khurais to 1.5mn b/d and a 250,000 b/d push to 1mn b/d at Shaybah by 2017 (MEES April 19). But Aramco’s short-term deployment of more rigs has been delayed, according to fellow services firm Baker Hughes. CEO Martin Craighead to...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
ADCO Expands North East Bab, Abu Dhabi 3.5Mn B/D Target Back To 2020
...abi Marine Operating Company (ADMA-OPCO) said its 100,000 b/d oil field development of the offshore Umm Lulu field will form part of a 400,000-1mn b/d boost to the emirate’s output by 2020 (MEES, 21 June). The last time the target was publicly stated, it was set for 2017, though it was originally 20...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure
...riously delay, Sonde’s plans to produce 37,000 b/d of oil and 80mn cfd of gas from Zarat, Tunisia’s largest undeveloped field, from 2017 (MEES, 27 August, 2012)....
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
KRG Drops Turkish Six-Block Bombshell; Disputed Areas Included
...the currently contracted 2017, Shell sees around 600,000 b/d by that date as both more realistic and better as regards reservoir management, informed sources say. Final plateaus would only be reached after significant testing of the impact of water injection on the Majnoon reservoir probably after 20...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Shale Plant Go-Ahead
...man. The 500mw plant will start generating electricity for local consumption in 2017 and is expected to reduce Jordan’s expenditure on oil products imports for power generation by more than JD350mn ($490mn) a year, Enefit says. The plant will burn crushed oil shale in twin circulating fl...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Abu Dhabi Delays Target
...fectively acknowledgment that a long-standing 3.5mn b/d production goal – set in the last decade – has been pushed back even further, to 2020. The target, originally 2015, is now officially 2017, although MEES already reported last year that it was unlikely to be achieved before 2019 (MEES, 21 De...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Iraq: Shell Steps On The Gas With Basra Project
...ird quarter of 2017, but few realistically expect this to be in place until 2018 at the earliest (MEES, 29 March). Given that most operators of Basra projects believe reaching plateau targets with responsible reservoir management is unachievable without the CSSP, it is surprising more of them have not fo...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
BP, Oman Pen 1Bn cfd Khazzan Tight Gas Deal
....” As well as the 1bn cfd of gas, the project is expected to produce 20,000 b/d of condensate. Project start-up though has slipped to the second half of 2017 at the earliest. BP has said it hopes to reach a final investment decision (FID) and declaration of commerciality before the end of th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Kish Gas Startup Claims Half-Baked
...urce tells MEES. “It is not yet clear when gas will be produced, but I imagine it may need at least another four to five years. At the earliest, gas will come [onstream] around 2017-18.” These sentiments were echoed by Siamak Adibi, head of Facts Global Energy’s Middle East Gas team, who hi...
Volume: 56Issue: 21Published at Fri, 24 May 2013