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Abu Dhabi Concession - Game On For BP
...erations (ADCO) consortium whose concession to run the emirate’s major onshore oil fields expires on 11 January 2014. UK Prime Minister David Cameron visited the UAE in early November to meet UAE President Shaikh Khalifa bin Zayid al-Nuhayyan and Crown Prince Shaikh Muhammad bin Zayid al-Nu...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Abu Dhabi Looks To Offshore Future
...t to start ramping up end 2014-early 2015 and hit its 750,000 b/d target in 2016. Construction of the first island, North Island, with targeted capacity of 279,000 b/d, a planned permanent population of 500 workers and 200 well slots, has just been completed. Total island facilities’ pr...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
KOC Eyes $56bn Investment Bonanza
...pital expenditure of $11.5bn in 2012-13, $5.9bn in 2013-14, $11.4bn in 2014-15, $12.5bn in 2015-16, $9.1bn in 2016-17, and $5.4bn in 2017-18. Bad Press To some Kuwait may appear a poster child for how not to run an oil industry. But while there are clear issues surrounding pa...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Ankara Poised To Unleash KRG Upstream Investment
...condly to be absorbed into the Iraqi military, the Czech planes, which are lighter fighters, ideal for use in the KRG, could be operational by early 2014, one security analyst tells MEES. Iraq’s oil industry take-off, which at long last is promising to deliver a measure of prosperity and se...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Iraqi Oil Sector Set For Major Change
...d his political ally, Deputy Prime Minister, Husain al-Shahristani. The latter is widely talked of as a challenger to Mr Maliki in the 2014 elections. Despite the recent agreement over a restart to KRG oil exports and a face-to-face meeting with his rival KRG Natural Resources Minister, Ashti Ha...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Libya’s AGOCO Looks To New Ghadames Production Heartland
...-4 to the east the 15mn barrels Tlascin field. In addition to Agoco, Italy’s Eni is planning to take advantage of synergies from the Medco development with plans to produce 10,000 b/d of crude from Ghadames Basin Block NC-118 from late 2014 (MEES, 20 August). Production would flow via a 60...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
South Sudan Orders Oil Production Restart
...vernments to raise output. The IEA said last week it expected Sudan to produce 70,000 b/d on average this year, which should jump to 90,000 b/d in 2014, before dipping to 60,000 b/d in 2017. “Sudan and South Sudan are expected to rebound to a combined 360,000 b/d by 2015, though still 10...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Tamar Partners To Supply Dorad Energy With Gas
...fshore infrastructure in order to meet contracted supplies. But as some buyers will not be ready to receive gas until the end of 2014 or later, the Tamar partners are expected to be able to juggle deliveries. However, an offshore LNG regasification facility supplied by Excelerate of the US is due to come in...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...r 2016 – revised back from 2014 earlier this year. But potentially Total’s biggest Algerian project is the 4bcm/y Ahnet tight gas development, also in Algeria’s deep southwest. A “technical” development plan filed in July 2011 still awaits approval. The delays are largely due to a st...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
...art-up at 20,000 b/d in the first half of 2014 before ramping up to 36,000-40,000 b/d plateau volumes of 44°API crude from 2016. PetroVietnam has 40% and is operator, PTT has 35% and Sonatrach 25%. Development now appears to be going smoothly – 2012 has seen progress on the drilling of 16...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Egypt: Billion-Dollar Exploration ‘Commitments’ Fail To Disguise Delays
...lays Pre-revolution late 2014 project approved 19 July 2010 Nov-11 mid 2015 protests delay gas plant construction May-12 Q2 20...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Chevron Neutral Zone Delay Jeopardizes Kuwait 2020 Crude Target
...madi port. However, the push to get to 800,000 b/d by 2014 would be a major advance on a previous plan – in 2010 KOC said northern fields’ capacity will hit 820,000 b/d by 2020. And it would be despite KOC steadily dropping northern fields’ heavy oil targets in recent years from 900,000 b/d by 2020 to 27...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
ENI Launches Libyan Gas Expansion FEED Prequalification
...r geological and geophysical processing. This would appear to relate to plans to move ahead next year with Phase II Bahr Essalam development as well as its wider Mellitah expansion plans. Eni also plans to produce 10,000 b/d of crude from Ghadames Basin Block NC-118 from late 2014. De...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
AGOCO Steps Up Exploration In Libya’s Ghadames Basin
...d now has until early 2014 to drill its one commitment well on the block which lies in water depths of zero to 2,200m. Foreigners On The Sidelines AGOCO’s activity contrasts with the majority of international oil companies’ Libyan upstream positions. These firms, for the most part, have be...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012