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Libya: Mabruk Oil Field Hits 25,000 b/d
...st few years, with oil output finally hitting a record 1.374mn b/d for 2025, the highest figure in 15 years (MEES, 2 January). This comes as IOCs have ramped up drilling activities for the first time since the 2011 revolution, with existing partners reporting stronger performance and a positive ou...
Volume: 69Issue: 10Published at Fri, 06 Mar 2026 -
Libya Officials Hail ‘Successful’ Bid Round, As Chevron Returns
...illing campaign in Libya since the 2011 revolution (MEES, 1 November 2024), and announced a new 4,200 b/d oil discovery a year later (MEES, 31 October 2025). “Chevron is excited to enter Libya with the award of onshore Contract Area 106, which underscores our focus on North Africa and the Eastern Me...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Syria’s SPC Courts IOCs As Re-engagement Accelerates
...west producer next year (MEES, 6 February). Regional experience suggests success is far from guaranteed: Lebanon’s two offshore wells to date have flopped, while Cyprus has yet to bring gas onstream despite discovering Aphrodite 15 years ago in 2011. Speaking to MEES on the sidelines of IE Week, Mr Qa...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Chevron Very Excited By East Med Potential
...ES, 23 January). Israeli firm NewMed Energy, Chevron’s partner at both Aphrodite and Leviathan, estimates first gas from the Cypriot field in 2031. Despite being discovered in December 2011, Aphrodite is no longer in line to be the first Cypriot gas field to be developed. That accolade looks set to...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Libya Achieves 15-Year High Oil Output In 2025
...25, a 19.4% increase year-on-year and the highest annual figure since the country’s 2011 revolution (see chart). “This clearly indicates the impressive success of NOC’s strategy to increase crude production,” the state firm said in a statement on 1 January. RECORD HIGHS The ou...
Volume: 69Issue: 01Published at Fri, 02 Jan 2026 -
Eni, BP Prepare For Historic Libyan Deepwater Well
...ES, 4 June 2007), but the plans were disrupted by the 2011 revolution and the ensuing instability, and Eni has since taken over as operator of the consortium (42.5% each). The announcement puts drilling more or less on schedule, with Eni North Africa head Martina Opizzi last year saying that an in...
Volume: 68Issue: 50Published at Fri, 12 Dec 2025 -
Ballooning Egypt Gas Deficit Met By Record Q3 Gas/LNG Imports
...s it slightly higher at 4.20bn cfd. This is the first time in the Jodi database, stretching back to 2011, that gas-for-power consumption has exceeded production. Despite the modest sequential increase, production is well below year-ago levels, having dropped by 490mn cfd since 3Q 2024. In order to...
Volume: 68Issue: 47Published at Fri, 21 Nov 2025 -
Mauritania’s Banda Integrated Gas Project Progresses
...ergy needs. UK based Tullow took Banda in 2011 from Malaysia’s Petronas and announced commerciality a year later (MEES, 22 February 2013) before having to cut back on investments when prices began to drop in 2014. Development plans only recovered recently when Banda and the nearby 0.9tcf Tevet fi...
Volume: 68Issue: 46Published at Fri, 14 Nov 2025 -
Libya Crude Exports Surge As Officials Hail ‘Golden Opportunity’ For Investors
...e highest quarterly figure since the country’s 2011 revolution. In the first nine months of the year, exports averaged a record 1.19mn b/d, up 24% from 965,000 b/d in 9M 2024 (see chart 1). Meanwhile, output figures continue to hit record highs, averaging 1.38mn b/d for the first nine months of...
Volume: 68Issue: 45Published at Fri, 07 Nov 2025 -
Libya’s NOC Announces New Sirte Basin Discovery
...ospect, where OMV last year started its first drilling campaign in Libya since the 2011 revolution (MEES, 1 November 2024). At a depth of 10,476 feet (3,193 meters), the exploratory well is expected to produce “more than 4,200 b/d of oil and around 2.6mn cfd of gas,” says NOC. Block 4 of Area 106 ad...
Volume: 68Issue: 44Published at Fri, 31 Oct 2025 -
Exxon: Turning Disadvantaged Barrels Into Advantaged Ones
...years of conflict following the 2011 revolution, ExxonMobil is also eying a return after more than a decade. It signed an MoU with the NOC in August (MEES, 8 August), to examine four offshore blocks located off the northwest coast and the country’s Sirte Basin. “This partnership agreement brings to...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
Iraq Upstream Prospects Improve As Exxon Mulls Return
...censing round. Relations between Iraq and Exxon deteriorated after the firm controversially entered the Kurdistan Region in 2011, with Baghdad barring the major from bidding in subsequent rounds. By 2021, ExxonMobil was looking for the exit door, but the oil ministry repeatedly blocked Exxon’s attempts to se...
Volume: 68Issue: 41Published at Fri, 10 Oct 2025 -
Aphrodite Advancing
...wMed estimates first gas at Aphrodite for 2031, a date which has irked Cypriot authorities who believe the field, discovered in 2011, could be developed sooner. NewMed and Chevron are also partners in Leviathan, where the Israeli company has a 45.34% stake. Chevron’s Mr Nelson also hinted that th...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Eni, BP Sign Egypt Deal Ahead of Exploration Drilling
...at the exploration well Eni and BP are planning will be in the Denise development lease and has been on the cards for some time. The well will be drilled before the end of the year. Output from the Temsah concession peaked at more than 1bn cfd in 2011 and 2012, but dropped to just 60mn cfd in 20...
Volume: 68Issue: 32Published at Fri, 08 Aug 2025 -
Cronos: Time For Cyprus Field To Shine
...SITION Cronos looks set to become Cyprus’ first gas producing field. The Mediterranean island’s first gas discovery, the 3.5tcf Aphrodite, made in 2011 and operated by US major Chevron, has fallen behind Cronos despite an approved development plan (MEES, 21 February). Chevron is currently in the pre-FE...
Volume: 68Issue: 31Published at Fri, 01 Aug 2025 -
Israel-Iran Conflict Exposes East Med Gas Interdependence
...e recent conflict provides Chevron with a plausible excuse not to dip into its deep pockets to fund a multi-billion-dollar project like a Cyprus LNG plant; any new Israel conflict would risk depriving the plant of its main feedstock. For Cyprus, Aphrodite, it’s first discovery made in 2011, is no...
Volume: 68Issue: 27Published at Fri, 04 Jul 2025 -
Chevron Eyes Egypt Expansion As Israel Output Closes In On Record High
...evron’s unwillingness to consider potential synergies with Cyprus,” the source tells MEES. Chevron also gained Cyprus’ 3.5tcf Aphrodite field in the Noble transaction, but despite the field being discovered in 2011 it has yet to be developed. Aphrodite is located just 30km from Leviathan (see box). “Ch...
Volume: 68Issue: 19Published at Fri, 09 May 2025 -
Libya ‘Open For Business’ As Bid Round Eyes Global Majors
...pecting to award the new contracts during the last week of November. In terms of eligibility, many small and medium companies – including several that were operating in Libya prior to the 2011 civil war – were left disappointed after realizing during the presentation that they do not meet the minimum op...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
Oman State Upstream Firm Targets 2025 Growth Via Acquisitions & Upgrades
...cond onshore block OQEP operates after Block 60. OQEP signed an exploration and production sharing agreement for Block 60 back in 2011. By 2014 it brought online the Abu Tabul tight gas field (MEES, 23 January 2015) where output averaged 20.1mn cfd for 1H 2024. This was followed by the discovery of the Bi...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025 -
Egypt Eyes Takers For Undeveloped Offshore Gas Finds
...24). The Satis-1 Oligocene discovery was drilled in 2008 to a total depth of 5,883ms with Satis-3 drilled to a total depth of 6,592ms the following year. The block also contains the 2011 Salmon-1 Pliocene discovery which was drilled to a total depth of 1,632ms. The block has 1.1tcf of gas in place, EUG sa...
Volume: 68Issue: 11Published at Fri, 14 Mar 2025