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Eni Discovers 1tcf Offshore Libya
...t to reach a depth of up to 4,500 meters (15,000 feet) once drilling is completed. Block 38 falls within the giant offshore ‘Area C’, awarded to BP in a landmark 2007 deal (MEES, 4 June 2007). After development plans were disrupted by the 2011 revolution and the ensuing instability, Eni took ov...
Volume: 69Issue: 12Published at Fri, 20 Mar 2026 -
IOCs Bullish On Libyan Outlook As Security Situation Improves
...rst post-revolution licensing round, awarding five of 20 oil and gas exploration and development blocks (MEES, 13 February). The licensing round success is the latest indicator that Libya's oil sector is getting back on its feet after years of disruption following the 2011 revolution. IOCs that re...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
TotalEnergies MENA Portfolio: Building On Growth
...fshore exploration alongside QatarEnergies (see p6). The two are already partners in neighboring Lebanon’s offshore, while TotalEnergies was a major player in Syria prior to the outbreak of civil war in 2011; its net-Syrian output that year was a sizeable 53,000 boe/d of primarily gas (218mn cfd) al...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Libya Takes ‘Pivotal Step’ With First Deepwater Well
...adames Basin (see map & MEES, 4 June 2007). The UK major pledged to spend $900mn drilling 17 wells at the assets, but the plans were disrupted by the 2011 revolution and the ensuing instability. Eni has since taken over as operator of the consortium with each firm holding 42.5%. As a deepwater wi...
Volume: 69Issue: 04Published at Fri, 23 Jan 2026 -
Cronos To Bolster Egypt’s Gas Hub Ambitions
...oducing field, with Eni seemingly overtaking the Chevron operated (35%) 3.5tcf Aphrodite field. Aphrodite was discovered in 2011, but first gas isn’t expected until 2031, twenty years later (MEES, 8 August 2025). While a finalized development plan for Cronos has yet to be agreed with Nicosia, MEES un...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Syria Accelerates Its Upstream Ambitions
...banon unilaterally claimed its EEZ in a letter to the United Nations in 2011, but Syria – not a signatory to the United Nations Convention on the Law of the Sea (UNCLOS) – rejected this in 2014. Last month, Lebanon’s cabinet finally approved its maritime border with Cyprus, 18 years after Beirut and Ni...
Volume: 68Issue: 47Published at Fri, 21 Nov 2025 -
OMV Sees Huge Libya Potential As It Steps Up Drilling
...fted force majeure on Libyan exploration activity (MEES, 10 November 2023), resuming drilling campaigns in Libya last year for the first time since the 2011 revolution (MEES, 1 November 2024). Despite the increased activity, concerns over the security situation and political instability remain ac...
Volume: 68Issue: 43Published at Fri, 24 Oct 2025 -
Kuwait Crude Oil Capacity Rises To 14-Year High
...ES, 18 July). Having achieved this mark, capacity now stands at its highest level since 2011’s 3.26mn b/d. It has increased by a substantial 470,000 b/d since its low-water mark of 2.73mn b/d in 2021 thanks to a combination of KOC gains and gradual increases from the PNZ following its restart in 20...
Volume: 68Issue: 39Published at Fri, 26 Sep 2025 -
Cyprus, Egypt Discuss LNG Exports From 2027
...prus and Exxon in April in Houston touched on development options for the US firm’s discoveries utilizing potential “synergies with companies that operate neighboring fields” (MEES, 18 April). In stark contrast to Cronos, Aphrodite was discovered nearly 14 years ago in December 2011, but following nu...
Volume: 68Issue: 37Published at Fri, 12 Sep 2025 -
BP Sets Sights On Expanded Libya Operations With New MoU
...ngtime ruler Muammar Gaddafi started just as BP was preparing to drill its first well in February 2011, and drilling only started in October (MEES, 1 November 2024). The start of that Eni-led drilling campaign, coupled with this week’s MoU points to Libya potentially emerging as an important co...
Volume: 68Issue: 28Published at Fri, 11 Jul 2025 -
Wintershall Libya Assets In Limbo
...wn” from the board and “own less than 50% of LetterOne shares,” they retain a substantial holding (MEES, 6 May 2022). THE ASSETS THAT NO-ONE WANTS The problem for Libya, which is desperate to attract more upstream investment in a bid to regain output levels seen prior to the 2011...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024 -
Tunisia & Libya Offer Up Border Discovery & Exploration Block In Bidding
...llowed up with a second successful well, Zarat-2, whilst 2011’s Zarat North-1 confirmed the extension of Zarat onto the Joint Oil block (MEES, 9 April 2012). The wells demonstrated a condensate-to-gas ratio of 85 barrels per million cubic feet of gas with medium case (2C) recoverable reserves pegged at...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Cyprus Rejects Chevron’s Modified Aphrodite Development Plan
...ither the 2019 FDP nor a previous iteration dating back to 2015 led to development of the field which was discovered back in 2011. Speaking exclusively to MEES, Mr Papanastasiou provided insight regarding the government’s decision to reject the modifications filed by Chevron in late May. “We had an...
Volume: 66Issue: 34Published at Fri, 25 Aug 2023 -
Adnoc Partners With BPFor Transformative Israel Entry
...so holds a 30% stake at Cyprus’ 4.5tcf Aphrodite. Barely 30km apart and discovered within a year of each other, 2010 and 2011 respectively, the two fields are at very different states of development. Leviathan produced a record 1.103bn cfd last year, bringing in gross revenue of $2.5bn, while Ap...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Dana Gas Snags Improved Egypt Fiscal Terms
...22, some 40% down on peak output of 42,500 boe/d hit in 2011 (see chart). With falling Egypt output, Dana’s key area of production is now Iraqi Kurdistan (see p13). Dana says the slump would have been more severe in line with what it says are typical 20% Nile Delta decline rates had it not been fo...
Volume: 66Issue: 06Published at Fri, 10 Feb 2023 -
Cyprus Gas Ambitions: From Dreams To Reality In 2023?
...Cyprus has seen five sizable gas discoveries, the first back in 2011. But none has moved to development despite the presence of key majors in its offshore. Candidates in next month's elections know that victory could result in them being the President that finally succeeds in transforming Cy...
Volume: 66Issue: 04Published at Fri, 27 Jan 2023 -
Total’s Libya Expansion: Done & Dusted?
...ich remains split between two rival governments and several key players who eye ultimate power. The seemingly unending political chaos since the 2011 overthrow of long-time ruler Muammar Gaddafi has taken its toll on Libya’s oil and gas infrastructure, with leaks frequently knocking out huge ch...
Volume: 65Issue: 46Published at Fri, 18 Nov 2022 -
Cyprus’ Aphrodite: Development At Last?
...A development plan, set to be filed by end-2022, would see tie-back to under-utilized processing facilities on Egypt’s Mediterranean coast. Comments from Yossi Abu, CEO of Israel’s NewMed Energy, on his firm’s recent Q2 earnings call give the clearest signal yet the partners in Cyprus’ 2011...
Volume: 65Issue: 36Published at Fri, 09 Sep 2022 -
TotalEnergies First Again With Qatar LNG Expansion Deal
...untry’s civil war, and there has been no production in Syria since December 2011 because of the conflict there. A recent truce in Yemen has at least raised hopes of a potential restart there (MEES, 6 May), but Syria offers less optimism (see p12). As a result, TotalEnergies’ net Mena gas output has dr...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Majors’ Russia Exit Puts Spotlight On Mena Portfolios
...dergone four straight years of falls, with production down by almost a quarter on 2011’s 4.26mn cfd. Further decline is on the cards for this year with Exxon also losing its 10% stake in Qatargas-1, although this will be partially offset through full operations at Qatar’s 1.4bn cfd Barzan gas project wh...
Volume: 65Issue: 18Published at Fri, 06 May 2022