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Kurdistan’s Khor Mor Gas Expansion Back On Track
...8mn), up from $59mn in the same period last year (see chart 2). This is by far the biggest figure since 2Q 2017’s $707mn, following which an agreement was reached with the KRG in August 2021 to write them off in return for a cash payment and the licenses to two additional exploration blocks (MEES, 1 Se...
Volume: 66Issue: 20Published at Fri, 19 May 2023 -
Kuwait Targets 2030 For Delivery Of $19bn In Megaprojects
...rth Kuwait, mostly from the Raudhatain and Sabriya fields (see map, p3), had hit 600,000 b/d by end 2022, up 37,000 b/d on the 563,000 b/d figure at the end of 2020-21 but still below 2019-20’s 635,000 b/d and the 2017-18 peak of 760,000 b/d. 2022’s gains may well be thanks to the ramp-up of op...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Shell & BP Advance Egypt Drilling As Chevron & Exxon Make Deepwater Splash
...igocene finds in Egypt’s Mediterranean include Eni’s Temsah, where output peaked at 1bn cfd in 2012 but has singe fallen to negligible levels with decommissioning work ongoing. The Miocene, meanwhile, offered up BP’s Atoll field, which came online in late 2017 and produces around 400mn cfd. Shell and pa...
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Iran’s Million Barrel West Karun Ambitions Recede Into The Distance
...arded Petropars a $1.3bn contract (MEES, 24 July 2020) to deliver the phase after hopes of bringing foreign IOCs were derailed first by Iran’s protracted and unfavorable contracting offerings in 2016 and 2017 (MEES, 2 September 2016 & MEES, 23 June 2017) before sanctions dealt the final blow. Re...
Volume: 66Issue: 18Published at Fri, 05 May 2023 -
Egypt: Alarming Gas Output Decline Highlighted By Zohr Slump
...tput and that of Zohr are closely aligned and have been since 2019 when the field began ramping up following its late 2017 start-up. And while 2020 saw Egypt implement shut-ins which caused Zohr output to fall to 2.09bn cfd, 2021 rebounded to a record 2.74bn cfd. This was the same year that Cairo and En...
Volume: 66Issue: 15Published at Fri, 14 Apr 2023 -
Pipeline Closure Brings KRG Oil Sector To Standstill
...CLINE Kurdistan’s independent oil sector had been growing increasingly ragged in recent years. The late-2014 oil price collapse dealt a fatal blow to many oil exploration and development projects, while Baghdad’s move to reclaim oil fields around Kirkuk following the KRG’s controversial 2017 in...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Oman Offers Three Blocks In New Bid Round
...: TIGHT GAS PLAY Until recently, the 1,400km2 Block 15 was operated by local firm Hydrocarbon Finder, which drilled two wells in 2017. These produced approximately 44,000 barrels during an extended well test. The firm said that its first exploration well, Ataya-1, was successfully dr...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Mauritania Exploration: Down To Four Blocks As Shell Concentrates Focus, Plans Wildcat
...analysis reiterated by the Mauritanian officials. This is perhaps not surprising given that the block surrounds the only Mauritanian oil field ever to have reached production – Chinguetti, which briefly produced 70,000 b/d following 2006 start-up before output rapidly declined and halted in 2017...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Equinor Cools On Algeria
...e move as better for the environment, but it can also be seen as a recognition that In Amenas output will never regain the record 815mn cfd and 51,500 b/d hit in 2017. The 2017 boost came thanks to the start-up of a $700mn compression project in late 2016. Output has since resumed a downward tr...
Volume: 66Issue: 12Published at Fri, 24 Mar 2023 -
Eni & BP Plan 2023 Gas Wildcat On Oman’s Block 77
...5bn cfd Block 61 (BP 40%, OQ 30%, PTTEP 20%, Petronas 10%) tight gas development. BP’s successes on Block 61 sparked renewed IOC interest in Oman’s upstream. The 1bn cfd Khazzan development came online in 2017, followed in 2020 by a second 500mn cfd phase known as Ghazeer. Eni and BP first si...
Volume: 66Issue: 11Published at Fri, 17 Mar 2023 -
Kuwait Targets 3.1mn B/D End-2023 Capacity
...C’s plans to award a fifth ETSA for development of oilfields in West Kuwait have gone nowhere, and production capacity from the area dropped from 530,000 b/d in 2017/18 to just 461,000 b/d in 2020/21. This is indicative of the major difference between Kuwait’s expansion plans and those of its ne...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Lukoil Gets Green-Light To Develop Iraq’s 250,000 b/d Eridu
...gnature comes six years after the field’s February 2017 discovery and almost two years after Lukoil in late 2021 filed a “preliminary development proposal” for a 20-year development and production phase (MEES, 26 November 2021). Back then no binding decision could have been made by the Oil Ministry as Ir...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Geo-Jade To Spend $60mn At Huwaiza
...t at 10,000 boe/d. The target is lower than MOC’s 2017 initial production target of 20-30,000 b/d. Unlike Iraq’s previously awarded Technical Service Contracts, the DPC remunerates foreign firms with a share of revenues and Geo-Jade will be entitled to a Remuneration Percentage Bid (RPB) of 7.15% af...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Iraq Appoints New Director At State Marketer Somo
...Nouri al-Maliki, a key backer of new Prime Minister Mohammed al-Sudani. Mr Yasiri had held the position since 2017, when he replaced long-term incumbent Falah al-Amri (MEES, 15 September 2017) and swiftly reversed plans to pivot to pricing Iraqi crude exports against DME Oman. MEES understands th...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Mena’s No.1 Producer Total Doubles Down On UAE Presence
...a a 16km pipeline. Exports peaked at 27,000 b/d in 2020 according to data intelligence firm Kpler, but slumped to just 18,000 b/d in 2022. This was the lowest annual figure since the Hail field was brought online in November 2017 (MEES, 16 February 2018). Total’s net output from the asset will be ba...
Volume: 66Issue: 09Published at Fri, 03 Mar 2023 -
Iraq Eyes Gas Boost With Signing Of Fifth Licensing Round Contracts
...OIIP although only 20-30% of this is expected to prove recoverable – around 480-720mn barrels. An oil well was drilled in 1976 and tested 4,000 b/d of gas-rich oil from the field’s first pay in the Upper Cretaceous, with high pressure damaging the rig. In 2017, projections were for state-owned Mi...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Oman Envisions Ambitious Gas Developments But At A Cost
...ntures. The start-up of BP’s 1bn cfd Khazzan tight gas project in 2017 spurred Oman’s gas revolution, with the second phase 500mn cfd Ghazeer play boosting the sultanate’s production to record levels when it came online in 2020. This success sparked international interest in Oman’s unconventional gas pl...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Egypt’s Cheiron: FID For 150mn Cfd West El Burullus
...e ‘East Alexandria’ block which was put on offer last month in a bid round launched by state gas firm Egas (MEES, 6 January). Cheiron purchased West El Burullus from Engie in 2017 (MEES, 19 May 2017), with the French firm the previous year having taken FID on the stand-alone development of the WE...
Volume: 66Issue: 06Published at Fri, 10 Feb 2023 -
Record-Breaking Oman LNG Signs New Sales Deals
...G sector over the past seven years has been remarkable. Exports bottomed out in 2015 at just 7.91mn tons amid a narrative of decline as rising domestic demand from the power generation sector crimped feedstock availability. The September 2017 start-up of the 1bn cfd Khazzan tight gas development co...
Volume: 66Issue: 02Published at Fri, 13 Jan 2023 -
Iran’s Winter Gas Preparations Hit The Skids Amid Icy Snap
...ocessing plant which receives feedstock from Phases 22-24. As a result, NIGC had to shuffle around existing “Ukrainian-made turbines” for its winter preparations. Mapna was contracted to provide 16 such units – each 25MW in capacity – since at least 2017 but its line of MGT-30 turbines has suffered pr...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022