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Kuwait’s Jurassic Gas Project Hits More Problems
...ird said the 530,000 b/d plan can be expanded to 615,000 b/d if Kuwait’s heavy oil projects are successful. Mr Rashdi hopes to commission the 615,000 b/d version in 2017. However, the project – first planned in the early 1990s – was blocked by parliament’s objection in 2009. Its contract award was su...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Edison And DEPA Persist With ITGI, Pursue Other Supply Options
...seidon partners, Italy’s Edison and Greek state utility DEPA, could take their final investment decision by mid-2013, whereas the preferred TAP project aims to become operational in 2017. “If Shah Deniz expects to ship gas to the European Union by 2018 then a final investment decision (FID) will have to be...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Baghdad Eyes $500Bn Energy Spend To 2030
...enarios – with the figures referring to nominal 2017 production targets. The study is being coordinated by the office of Thamir Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission. Originally it was to have been completed by the end of the first quarter, but the intrinsic complexity of...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
TAQA Taps Malaysia Investors Via $215Mn Ringgit Issue
...nditions, said the spokesperson. In December TAQA issued Regulation S/144a bonds, which allow them to be sold into Europe and the US respectively. The issue includes $750mn of bonds due in March 2017 at 4.125% and $750mn due in December 2021 at 5.875%....
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Saudi Aramco And Pertamina Sign MOU For 300,000 B/D Java Refinery
...utheast Asia,” a Saudi Aramco press release said. The Saudi firm is adding 1.2mn b/d to domestic refinery capacity by the beginning of 2017 (see table) and also has signed an MOU with China’s state-owned CNPC for a new 200,000 b/d refinery in China’s southwest Yunnan province. But the refinery drive is...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Neutral Zone Oil Production Capacity To Increase 180,000 B/D By 2019
...ich will go to Kuwait. The increase in production will start by 2015.” A big increase may come from Chevron’s steam flood development of the Wafra field’s First Eocene reservoir, adding an extra 500,000 b/d of 14-20° API crude, starting to ramp up after 2017. A final investment decision [FI...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Shah Deniz 2 Gas Supply Decision Likely To Be Taken In Stages
...rope beginning in late 2017 (MEES, 19 December 2011). The situation has been exacerbated by the announcements of a proposed Trans Anatolian Pipeline (TANAP) as an alternative to Nabucco’s cross-Turkey section and also a plan to expand Turkey’s Natural Gas Transmission System (NGTS). However, Socar CEO Ro...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
Chevron Outlines Major Tengiz Investment Plan
...crease Tengiz production to 800,000-850,000 b/d by late 2017. Tengiz is Kazakhstan’s largest field and in 2010 produced 567,000 b/d of oil, 44,000 b/d of natural gas liquids and 822mn cfd of gas. He said that the Caspian Pipeline Consortium (CPC) pipeline, in which Chevron holds 15% equity, has so far ha...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
IEA’s World Energy Outlook: Review And Discussion Of MENA Deferred Investment Case
...S. In terms of production, lower investment in MENA reduces global oil production by 3.8mn b/d at its 2017 peak and 1.5mn b/d in 2035, compared with the NPS. The shortfall in MENA production, of some 3.4mn b/d in 2015, peaks at around 6.2mn b/d in 2020 by which time it is partly compensated by an in...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
KNPC Brings Total Onboard As $9Bn China Refinery Project Talks Progress
...edstock necessitates multiple secondary units. And MEES understands that even if the partners reach a final investment decision soon, completion might not be until 2017-18, although Mr Zanki expects it “much sooner”. In addition to a 296,000 b/d crude distillation unit, the Guangdong refinery will, an...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012 -
Abu Dhabi Continues Uncertainty Over 1.4Mn B/D Concession
...nger operate (MEES, 10 October 2011). The consortium’s target is 1.5mn b/d production capacity by 2017. The SPC will approve bidding guidelines before their release by ADNOC. Mr Suwaidi said they will state the available equity and the desired number of shareholders. Companies will submit bids to AD...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
Sudan Admits To Confiscating South Sudan’s Oil As Dispute Talks Resume
...ing anything. Even their rights of ownership to these blocks are in question,” he said. South To Double Its Oil Output By 2017 South Sudan’s Minister of Petroleum and Mines Stephen Dhieu Dau also announced that the country had set out plans to double its oil production to 700,000 b/d in the ne...
Volume: 55Issue: 04Published at Mon, 23 Jan 2012 -
South Pars Reservoir Faces Challenges
...likely to be in production before 2017 and if NIOC cancels the CNPC project and gives it to local contractors it will take even longer – possibly beyond 2020. Phase 13: In 2009 Shell and Repsol quit the 2bn cfd project, being replaced by an Iranian consortium, which has only made 24% progress. Ph...
Volume: 55Issue: 03Published at Mon, 16 Jan 2012 -
Iran’s Political Struggle May Further Delay Major Gas E&P Push
...rther on 3 January when it threatened to take action if the US Navy moves an aircraft carrier into the Gulf. Kuwait and Saudi Arabia are jointly developing what they call Dorra offshore field, known as Arash in Iran, and hope to get first production by 2017. The maritime border between the three co...
Volume: 55Issue: 01/02Published at Mon, 09 Jan 2012