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Cairo Scrambles To Avert Gas Catastrophe
...veral rounds of shuttle diplomacy to enlist Qatari assistance. Rather than, as has been widely reported, Qatari LNG being imported into Egypt, the latest talks are aimed at getting Doha to cover the term contracts for shut-in ELNG output, MEES understands. In 2017-18, rising output from BG fi...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Abu Dhabi Onshore Awards Unlikely Before ADCO Concession Ends
...al – the latest official 1.8mn b/d target is now 2017, but is more likely to be reached in 2019 (MEES, 21 December 2012). Also factors holding up development are: a clumsy decision making processes, a staff shortage, lack of will to push things through; and the need to determine if future pa...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
Shale Revolution – Threat To Mideast NGL Exports?
...power generation will continue to rise from a record high of 25.1bn cfd in 2012 to 29bn cfd by 2017. The Shale Revolution has also radically changed the relationship of gas to NGLs, which were traditionally a by-product of gas production. As gas prices softened over the course of 20...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
...bringing on stream are a combined 550,000 b/d addition at the Khurais and Shaybah fields by 2017 (MEES, 15 March). These are the first major upstream expansion announcements for over six years. The increments are 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 Sh...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Algeria: Repsol Find
...cline to put any timeframe on restart. Reggane Delayed, Again Start-up of the $3bn, 2.9 bcm/y, Reggane Nord development, Repsol’s key project in Algeria and lynchpin of the country’s 9 bcm/y-plus Southwest gas project has been put back to 2017. Dirk Warzecha, Operations chief at Germany’s RW...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
Abu Dhabi Awards Delayed Oil Boost Contract
...at is pressuring state-owned Abu Dhabi National Oil Company’s (ADNOC) 2017 target of 3.5mn b/d crude production capacity. Abu Dhabi is unlikely to hit it until 2019 at the earliest. ADNOC executes design work relatively efficiently, but then delays awarding engineering, procurement and construction (EP...
Volume: 56Issue: 15Published at Fri, 12 Apr 2013 -
UAE Moves Ahead On $2.39Bn Upstream Drive
...ma-Opco – state owned ADNOC 60%, BP 14.66%, Total 13.34% and Jodco 12% – to add 395,000 b/d of production capacity from offshore fields by 2018, with 100,000 b/d coming from the SARB oilfield in 2017-18. Adma-Opco will start drilling by mid-2014 MEES learns, with three land rigs on two artificial is...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Baghdad Refocuses Oil Industry Priorities
...schedule is ambitious. “We reckoned on Q3 2018 optimistically. And Q3 2019 realistically,” notes one executive. “2017 is doable. That I don’t deny. The difference between our projection and CH2M Hill’s is down to the time taken to approve contracts. If the Iraqis don’t change, then I can’t see how 2017...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
ADNOC Recommends Shell For 1Bn CFD Bab Gas Field
...ants – one operating and one under construction – with no other plants planned, suggesting that Abu Dhabi has shelved its target of 7% of power to come from renewables by 2020. The 5.6gw of nuclear capacity planned to ramp up between 2017-20 will, however, displace about 840mn cfd of gas de...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
... SAUDI ARABIA Saudi Aramco Eyes 550,000 B/D Expansion State-oil firm Saudi Aramco will add 550,000 b/d of production capacity at its currently-producing Khurais and Shaybah fields by 2017, CEO Khalid al-Falih announced on 5 March. These are the first major up...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
End In Sight For Oman, BP Tight Gas Negotiations
...most one year pushing the projected start up to the second half of 2017. The engineering, procurement and construction (EPC) contracts were originally meant to be tendered in July last year, analyzed in 4Q12 and awarded last month; but disagreements on the key issues have resulted in lengthy delays. BP wa...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Contractor Shortage Sets Back Libyan Production Ramp-Up
...the centerpiece of Tripoli’s plans to increase output to 2.2mn b/d by 2017. However, when asked about the company’s future in Libya in the Q&A session following the company’s 6 February results presentation – and whether it was looking to sell its stake – Marathon CFO Janet Clark sounded si...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
Egypt Struggles With Gas Supply Challenge
...lumes, or if one or more than one winner were likely, Egypt is thought to be looking to secure 2mn t/y. Deliveries could be made to either the Mediterranean or Red Sea coast, according to the tender conditions. It is envisaged imports will be until 2017-18 when Cairo hopes BP’s WND will be hitting full vo...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
BG Egypt Output Hit By WDDM Compression Failure
...d-2015, and all future receivables would be current by 2017. However achieving this is reliant on a positive outcome to ongoing negotiations with EGPC, as well as on future production hitting target levels, BG cautions. BG’s other key Egyptian asset, the Rosetta field “has been producing to pl...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
Japanese, French, Move To Secure Abu Dhabi Concessions
...18 NA 0 (start up in 2016) 100 by 2017-18 Umm al-Anbar Adoc JX Nippon 31.5, Cosmo Oil 63.0, TEPCO 1.8, Chubu 1.8, Kansai 1.8 2042 15...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
QP Considers Next Step For North Field
...her developments. The gas allocation to ExxonMobil’s cancelled Palm GTL plant has been allocated to the company’s Barzan project, with its ethane feedstock supplying QP/QAPCO’s $5bn petrochemical joint venture, which is in FEED stage, set to come on stream in 2017. Development Options Do...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Iraqi Production Rise Hits Hiccup
...685 525 200 640 6,050 1,050 2017 5,740 585 220 655 7,200 1,...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Eni Starts MLE Production Amid Expanded Corruption Probe
...ourde Nouss – are both gas whilst IOC-operated projects (all gas-focused) in the works have suffered years of delays and are not slated to come onstream before 2016 or 2017 at the earliest, even before the potential for further delays related to post-In Amenas security reassessments. So...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Qatar Changes PSAs to JVs, Invests In Al-Shaheen
...incorporated JVs where they invest in the venture directly.) Maersk expects to sign a JV heads of agreement with QP next year, in preparation for Maersk’s PSA expiry in 2017. US independent Occidental Petroleum (Oxy) is studying offshore Idd al-Shargi’s North Dome (97,000 b/d) and South Dome (8,...
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