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  1. Baghdad Poised For Northern Boost

    ...e end of the year. The field is also producing 100mn cfd of associated gas. The field produced 28,000 b/d prior to the Islamic State takeover (MEES, 25 July 2014). As MEES reported  last month, Iraq is also pumping 30,000 b/d of heavy oil from Qayara field located 75km north of Ajeel, with “am...

    Volume: 61
    Issue: 41
    Published at Fri, 12 Oct 2018

  2. Saudi-Kuwait Neutral Zone: No Deal

    ...d is the only such foreign firm in either country’s upstream. PNZ output was around 440,000 b/d in the first half of 2014 before the 240,000 b/d offshore output was halted in October 2014, with the onshore portion’s 200,000 b/d stopped in May 2015 (MEES, 31 July 2015).  ...

    Volume: 61
    Issue: 40
    Published at Fri, 05 Oct 2018

  3. Libya Drilling: Schlumberger Boost

    ...eld, where Phase-2 output started up in July (MEES, 6 July). LIBYA: NUMBER OF ACTIVE ONSHORE RIGS HITS 7 IN AUGUST-HIGHEST SINCE 2014 SOURCE: BAKER HUGHES....

    Volume: 61
    Issue: 39
    Published at Fri, 28 Sep 2018

  4. SEC Closes $2bn Sukuk

    ...nk. SEC chief executive Ziyad al-Shiha says the sukuk is “part of the company’s strategy to diversify its sources of funding and to attract investors from international markets.” It takes the amount SEC has raised to finance capital projects to $40.8bn, including a $13.3bn government ‘soft loan’ in 2014...

    Volume: 61
    Issue: 39
    Published at Fri, 28 Sep 2018

  5. Saudi Reserves Steady

    ...The Saudi Arabian Monetary Authority’s net foreign asstes were $501bn as of end-July, down $5bn (1%) from the end June figure but up a touch from the $495bn year-ago level. Having peaked at $746bn in August 2014, Saudi reserves lost 35% over the following three years but have stabilized since mi...

    Volume: 61
    Issue: 36
    Published at Fri, 07 Sep 2018

  6. Algeria Gas Hopes Dashed As Touat Start-Up Pushed Back To 2019

    ...nalized development plans for oil and gas discoveries it has made on the El Assel block (236b) in Algeria’s Berkine Basin. Gazprom was awarded the block in 2008 (MEES, 22 December 2008). It drilled six exploration wells between 2010 and 2014 making a mix of oil and gas discoveries. It then firmed th...

    Volume: 61
    Issue: 36
    Published at Fri, 07 Sep 2018

  7. Key Syria Oil Field Restarts

    ....3%, India’s ONGC 9.4%) until fighting halted output in 2013 (MEES, 5 April 2013). Islamic State militants subsequently resumed production after seizing the fields in 2014. The Financial Times in 2016 estimated output from the field at 10-12,000 b/d under IS-operation. One report puts current Tanak ou...

    Volume: 61
    Issue: 35
    Published at Fri, 31 Aug 2018

  8. Iraq Exports Record In July

    ...Federal Iraq exported a record 3.543mn b/d in July – all from its southern Basra infrastructure. Even with the average export price dipping slightly to $69.16/B in May, Baghdad nonetheless pulled in $7.597bn. This was the highest monthly revenue figure since July 2014 when the selling price wa...

    Volume: 61
    Issue: 31
    Published at Fri, 03 Aug 2018