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QP Considers Next Step For North Field
...en collected over a period of time once it has ramped up to full output. This could be in 2015 after a 2014 start up. The Minister of Energy and Industry, Muhammad al-Sada, has said the study will continue “however long it may take.” However, depending on the study’s results, the moratorium ma...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Iraqi Production Rise Hits Hiccup
...215 715 2013 2,855 195 150 580 3,780 880 2014 3,325 325 16...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Aramco Sells Crude To Power Stations At $4.50/B
...in 2014. Their wellhead production can be boosted to 3.05bn cfd in peak summer demand months, giving 2.135bn cfd of sales gas. Wasit is part of Aramco’s plans to increase output of Saudi raw gas to 15.5bn cfd in 2015. Alternative power will not have a major impact on gas displacement in the short term....
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Qatar Changes PSAs to JVs, Invests In Al-Shaheen
...000 b/d). It expects to sign a JV with QP within two years, to operate the fields when its PSA finishes in 2016. In November Total signed a heads of agreement to form a JV (60% QP, 40% Total) to operate the 19,000 b/d offshore al-Khaleej field when the PSA expires in early 2014. Maersk and Oxy expect to get mu...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
French President Promotes Total On UAE Visit
...vitation to prequalify to bid for the concession of Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2%. Its target is 1.8mn b/d of crude production capacity by 2017. ADCO’s concession expires on 11 January 2014. After th...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Aramco Eyes Seven-Well Red Sea Drilling Drive
...e on stream in 2014 – are all non-associated offshore gas fields. By contrast, exploration onshore in the Empty Quarter has proved largely disappointing. Aramco’s next onshore gas increment, the 75mn cfd Midyan field, is of considerably more modest proportions. The shift offshore and to non-as...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
UAE Misses 3Mn B/D Crude Target, Set To Become Net Gas Importer
...ergy pipeline, LNG via Dubai, and plans to import 600mn cfd of LNG at Fujairah by 2014, and this is set to increase. At the same time the UAE exports LNG to Japan from Abu Dhabi. According to BP’s Statistical Review of World Energy the UAE has 6 trillion cu ms of proved gas reserves – the se...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Gas Prices To Double For Omani Industries
...dustrial gas consumers and reached an agreement to amend prices as follows: From $1.50/mn BTU in 2012, it will rise to $2/mn BTU in 2013, and further to $2.50/mn BTU in 2014,” the minister was quoted as saying by the local media. “In 2015, the price of natural gas would be $3/mn BTU, and thereafter it wo...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
US Independent Buys Morocco Offshore Stake
...fshore farm-outs concomitant drilling commitments dwarf the initial payment. Plains will fund 100% of future exploration up to $215mn, including two commitment wells with potential sidetracks. The first well – slated for 2014 – will target the Toubkal prospect which has a “mean resource potential” of 1....
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Lebanon Unveils Bid Round Schedule
...censes to explore blocks within Lebanon’s EEZ. Additional reports indicate that the PSA expects final agreements for exploration rights to be signed in March 2014. Favorable results of 3D seismic surveys conducted by UK-based Spectrum and Norway-based Petroleum Geo-Services have attracted gr...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Abu Dhabi’s 3.5Mn B/D Target Slips To 2019
...l Operations (ADCO) consortium – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2% – whose concession to run the emirate’s major onshore oil fields expires on 11 January 2014, will continue after this date. ADNOC senior management has made contradictory public statements and ha...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Northern Morocco Joins Farm-Out Fever
...rmit from early 2013 to be followed by the anticipated drilling of “at least three” exploration wells from early 2014. Seismic is also planned for the neighboring Taounate permits in 2013. Gulfsands notes that the acreage immediately to the west of the Fes permit, now operated by Triangle Energy (see be...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
PTT Extends Algerian Finds
...dding, comprises Blocs 443a, 424a, 414xt and 415ex around 100km south east of the Bir Seba field, PTT’s other Algerian upstream interest. Production from Bir Seba and the nearby Mouiat Oulad Messaoud field on Blocks 433a and 416b is slated for start-up at 20,000 b/d in the first half of 2014...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
Eni Returns To Libyan Exploration Drilling
...cilities (MEES, 14 September). Unlike the bulk of foreign producers in Libya who have put any possible expansion plans onto the back burner, Eni has made Libyan expansion a key part of its international production targets. First additional production could come as soon as 2014. Although some other fo...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
South Tunisia Gas Development Pushed Back
...the block was dry. Gulfsands says it plans to drill a further well in 2014. On Kerkouane a commitment well is slated to be drilled “prior to February 2014,” Gulfsands says. ADX is in the process of further reducing its remaining 30% Chorbane stake signing a 28 November letter of intent to...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Baghdad Sets Road Show Date
...velopment project. Lukoil is hoping to start ramping up a 200,000 b/d Phase 1 of the 1.8mn b/d project at the end of 2013. Field capacity could eventually rise to hit 400,000 b/d by 2014. But sometime that year, this project, and others, are likely to “hit a wall,” sources say, unless significant efforts ar...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Aramco Awards Contracts To Maintain Production Capacity
...fshore oil field – has been producing since the early 1950s and has reserves of 35bn barrels. The work will be finished by end 2014 and includes a tie-in platform and auxiliary platforms. Engineering firms bidding for the work include Houston-based McDermott and Italy’s Saipem under their existing Long Te...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Algeria’s South West Gas Project Delayed To Late-2016
...gan earlier this year with a total of 41 wells, of which 24 were to be drilled before first production. Construction of gas processing facilities will begin in 2014, GdF says. GdF is operator with 49% whilst Sonatrach has its customary 51% stake. However GdF is responsible for almost two-thirds (65%) of...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Qatari Condensate Production On The Rise
...Energy and Industry Muhammad al-Sada signed a 25-year renewal of Total’s PSA for 25,000 b/d offshore al-Khaleej. The contract was due to expire in early 2014. For Qatar’s swing producer, the offshore al-Shaheen field, the development plan is to plateau production at current rates of 30...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Morocco Set For Record 2013 Drilling As Genel Expands
...year exploration period. The firm says it will kick off seismic acquisition in January, “with the aim of drilling our first well in 2014.” The 3,259 sq km block has water depths of 60ms to 320ms. Mir Left is directly offshore Agadir and immediately northeast of the Sidi Moussa Block where Genel in Au...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012