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  1. 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: 66
    Issue: 50
    Published at Fri, 15 Dec 2023

  2. 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: 66
    Issue: 34
    Published at Fri, 25 Aug 2023

  3. 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: 66
    Issue: 13
    Published at Fri, 31 Mar 2023

  4. 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: 66
    Issue: 06
    Published at Fri, 10 Feb 2023

  5. 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: 66
    Issue: 04
    Published at Fri, 27 Jan 2023