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Leviathan To Turkey Pipeline Talk Resurfaces
...mietta or Idku and/or a floating LNG (FLNG) facility to be moored in Israeli waters next to the Leviathan platform, 10km offshore Dor (see map). Since tentatively starting in 2017 with minimal volumes to Jordan’s Arab Potash plant on the Dead Sea, Israel’s gas exports have risen meteorically. Exports we...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Mounting Debt Obligations Take Shine Off Of KRG Oil Revenue Boost
...ES, 21 January). Output dropped from 453,000 b/d in 2020 to 445,000 b/d last year, but gross oil revenues more than doubled to $9.12bn thanks to resurgent oil prices. This is the highest figure since the KRG brought Deloitte in to audit its oil sector in 2017 and began issuing quarterly reports. Gr...
Volume: 65Issue: 14Published at Fri, 08 Apr 2022 -
Kuwait Oil Expansion Gets $1bn Japan Boost
...rkover rigs throughout its fields.” This is considerably more than the one-year high 28 active rigs shown in the Baker Hughes Rig Count for February. According to KOC’s annual reports, drilling and workover activity peaked in 2017-18 with 672 new wells drilled and over 1,500 workover operations. This ha...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Saudi Aramco Plans 50% Gas Output Boost By 2030
...d in 2021, including a single-day output record of 10.8bn cfd. The previous records of 9.03bn cfd and 10.7bn cfd respectively had been set in 2020, and the 170mn cfd year-on-year increase was the fastest annual increase since 2017. Sales gas output has now increased for 15 consecutive years (see ch...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Algeria Smashes Gas Output Record For 2021, Can It Keep It Up?
...tput records of 94.8bcm and 94.5bcm set in 2016 and 2017, but also breached the 100bcm mark for the first time with production rising 17% to 102.8bcm (9.94bn cfd), according to official Algerian submissions to Jodi (see chart 1). Output continued to roar in January, hitting 9.7bcm – just 0.4bcm shy of...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Iran Awards Phase 2 Of South Pars Oil Field Development
...talEnergies. South Pars itself is the world’s largest gas field including the Qatari ‘North Dome’ portion. Discovered in 1992, SPOL Phase-1 production began in 2017 (MEES, 24 March 2017) with Iran targeting capacity of 35,000 b/d of 21° API crude oil. Out of nine wells planned in section A2 of the field (se...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Egypt Sees Wildcat Drilling Slump
...this, some 5.05bn cfd, coming from the Mediterranean offshore (MEES, 4 March). The key developments that have boosted output to record levels are Eni’s 21.5tcf Zohr field which came online in late 2017 and BP’s West Nile Delta (WND) which started up in phases from 2017. But typical high de...
Volume: 65Issue: 11Published at Fri, 18 Mar 2022 -
Oxy Eyes New Algeria Contract In 2022
...tober 2017). Though other US firms such as ExxonMobil and Chevron have shown interest in recent years, there has been no real movement on development. Could Oxy be the first?...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Mauritania: No More Exploration?
...pired at the end of 2021. A fourth BP/Kosmos exploration block, C6, expired in 2020. Of the three relinquished and to-be-relinquished blocks, only C12 has seen an exploration well – 2017’s Lamantin-1 which unsuccessfully targeted oil (MEES, 15 December 2017). As for other deepwater blocks, for now Ex...
Volume: 65Issue: 09Published at Fri, 04 Mar 2022 -
Tunisia Sees 2021 Output Rebound. Will It Last?
...e show was local firm Topic’s offshore Halk El Menzel field which started up in January 2021 (MEES, 22 January 2021) and produced 5,800 b/d for year, easily snatching the title of the country’s top producing field. Sales gas output soared past the 200mn cfd mark for the first time since 2017 af...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Kurdistan’s Baeshiqa Field Set For Q2 Startup
...crease significantly, along with considerable volumes being moved into the 2P category. The bulk of current resources, 37.8mn barrels, are within the Baeshiqa structure. BAESHIQA SUPPLEMENTS TAWKE Baeshiqa will be the first new asset that DNO has brought online in Kurdistan since Peshkabir in 2017...
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
Iraqi Kurdistan Gas Pipeline Boost: Turkey Exports Next?
...reement, Kurdistan was to supply Turkey with an initial 4 bcm/year from 2017, rising to 10 bcm/y by 2020 with the option of increasing to 20 bcm/y (MEES, 17 January 2014). A 2017 agreement for Rosneft to construct a pipeline with up to 30 bcm/y capacity also came to naught. Progress since then has been es...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Syria Says Oil Sector War Damages Hit $100bn As Assad Loyalists Scoop Contracts
...y asset in Kurdish-held territory is the 20,000 b/d Block 26 along the Iraqi border, which since January 2017 has been operated by Syrian state firm GPC under a revenue-sharing deal with the local Kurdish authorities (MEES, 11 June 2021). Despite GPC’s operatorship, production from Block 26 appears to...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Iran Sets New Production Targets As Owji Offers Oil To The World
...rget is a flashback to 2015 when the Joint Comprehensive Plan of Action (JCPOA) was signed and Iran sought to bring foreign firms back into the country. Back then Iran targeted 5.7mn b/d by 2017-18 (MEES, 25 September 2015), but few firms were willing to take the plunge. TECHNICAL & FINANCIAL CH...
Volume: 65Issue: 05Published at Fri, 04 Feb 2022 -
Oman Oil Output Back Above 1mn B/D
...0,000 b/d for the first time in June 2020 it has stayed well above that mark ever since. Essentially, Oman is capitalizing on the December 2019 decision by Opec+ to bring the non-Opec cohort in line with Opec and exclude their condensate production from the cuts (MEES, 6 December 2019). Between January 2017...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Egypt Extends Deadline On Key Offshore Block
...der-performance – the WND Phase-1 Libra and Taurus fields which came online in 2017 are no longer producing while Phase-2 Giza and Fayoum have dwindled to 250mn cfd – has left substantial ullage at the pipelines and onshore processing facilities. These processing facilities near Idku adjoin those us...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
Qatar Holds Off US To Remain Global No.2 LNG Exporter
...rgest LNG market, emerged as Qatar’s largest buyer in 2021 (see chart 2), with Qatar shipping 11.46mn tons there according to Kpler. Korea had been the largest market for Qatar since 2017, but when its demand cratered in 2020 during the height of the Covid-19 pandemic, the East Asian country was ov...
Volume: 65Issue: 02Published at Fri, 14 Jan 2022 -
KRG Repayment Obligations Offset Oil Revenue Gains
...ghest since the Deloitte audits began in 2017, and was more than the KRG’s net receipts. With IOCs in Kurdistan having already reported increased Q3 revenues, payments will have risen to more than $1bn last quarter. PIPELINE PAYMENTS MOUNT Following a 2017 transaction, the KRG’s 95...
Volume: 64Issue: 50Published at Fri, 17 Dec 2021 -
Jordan Plans Nine-Well Drilling Campaign
...50mn cfd. He says that around 20mn cfd of current output goes to the 150MW Risha power plant (MEES, 24 March 2017) and approximately 10mn cfd to local industrial users – figures that imply a doubling of production from the 2020 average. Another area with potential is the Sirhan Development bl...
Volume: 64Issue: 49Published at Fri, 10 Dec 2021 -
Aramco’s Moonshot: Jafurah Development To Power Major Gas Drive
...oduction began in 2017 and Aramco puts current North Arabia gas processing capacity at 400mn cfd (MEES, 30 March 2020). Now, clear progress is being made on the two larger developments in Eastern Province – South Ghawar and the Jafurah Basin. At South Ghawar, Aramco reaffirmed this week that first ph...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021