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Egypt-Israel In EMG Arbitration Settlement
...12. Already volumes had dwindled in 2010 and 2011 amid domestic gas shortages and numerous attacks on the pipeline which traverses the unstable Sinai Peninsula. In a cautionary tale for those inking current deals with Israel, the EMG deal became politically poisonous in the wake of Egypt’s February 2011...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Israel: Pipeline Bottleneck Blunder Adds to Exports Headache
...19,” with “technical evaluation” and “flow reversal planning” ongoing – the route was previously used to ship Egyptian gas to Israel. But volumes halted in 2011 amid pipeline bombings, political disputes and an underlying shortage of Egyptian gas to export (MEES, 1 August 2011). Noble’s timeline lo...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Egypt Confident It ‘Has The Keys To The Future’ Of East Med Gas
...orage depots, and terminals as well as pipelines,” Mr Molla says. Of course, this has also been true in the intervening years since Israel discovered the 22tcf Leviathan field in 2010 and Cyprus the 4.2tcf Aphrodite in 2011. So what’s changed? For one thing, the discovery of the 21.5tcf Zohr field of...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
MEES Interview With Egypt’s Minister of Petroleum
...dependence earlier this year. What have been the driving forces? A: The petroleum sector faced several challenges in recent years stemming from the political and economic situation in Egypt between the two revolutions of January 2011 and June 2013. Investments in the petroleum industry fell, there was di...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Egypt Gas Hub Ambitions Gather Pace
...ter peaking at 6.22bn cfd in December 2011, gas output dwindled as demand increased, falling to a nine-year low 3.89bn cfd in May 2016. The 2011 revolution played its part in scaring off investors, but it was unfavorably low gas prices paid by the state, growing dues to IOCs which ballooned to $6.4bn at...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Kuwait Gets Jurassic Gas Boost, Eyes Further 2020 Gains
...al problems began when Shell won an enhanced technical service agreement (ETSA) for development of the fields in 2010 (MEES, 22 February 2010). Mired in parliamentary enquiries from 2011 (MEES, 4 July 2011) to 2016, Shell was initially unable to make progress (MEES, 29 April 2016). But the election of...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Sudans Oil Deal Bears Fruit
...pacity of about 90,000 b/d, but this has not been reached since 2011, and damage to the fields in the intervening years is likely to have reduced production potential. Somewhat more likely is that the five fields could deliver an additional 80,000 b/d but that the gains will come from resources ei...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Egypt Gas Exploration Focus Shifts East As Output Record Nears
...UCHES 6BN CFD IN JUNE, JUST SHY OF DECEMBER 2011’S RECORD 6.22BN CFD SOURCE: JODI, EGYPT OIL & GAS, MEES. JORDAN: THE COMEBACK? Egypt last week signed a deal to resume gas exports to Jordan, ostensibly from early next year. A 9 August statement from Jordan’s energy ministry sa...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
Lebanon Bid Round: Second Time A Charm?
...d not scare off the consortium, but adjacent Blocks 8 and 10 went bid-less. Five blocks were not tendered in the first round, so Lebanon has a total of eight it can offer up. The political situation is still more stable than 2011-16 when spillover from Syria was a critical concern, so if in...
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Iraq Takes On Mansuriya
...-year development service contract signed in 2011. Nonetheless, Oil Minister Jabbar al-Luaibi calls their efforts a “failure” and maintains “great confidence” in the national oil companies’ capabilities to do a superior job. "The ministry will not hesitate to transfer unfulfilled contracts held by fo...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Egypt Goes West And Digs Deep In Quest For Oil Output Boost
...nger term it hopes a recently-launched bid round will provide a boost (MEES, 25 May). The key blocks on offer are in the Western Desert. Since 2011 the Gulf of Suez has seen its importance wane. It has been overtaken by the Western Desert, the country’s key oil province, where May output of 36...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Sudans Hope For Output Gains From Cooperation
...transit payments for the use of Sudan’s oil export infrastructure and overdue payments towards the $3.028bn agreed in compensation for Sudan’s loss of oil resources and infrastructure when the south became independent in July 2011. But Mr Gatkouth’s claim always appeared based on some overly op...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Qatar Marks Embargo Anniversary With Exxon Tie-Up
...urces. The Golden Pass LNG import terminal (QP 70%, ExxonMobil 17.6%, ConocoPhillips 12.4%) in the US opened in 2011 with plans to import 15.6mn t/y of LNG from Qatar: but the “Shale Revolution” boosted US gas output to the extent that the partners began looking at turning it into an export facility (ME...
Volume: 61Issue: 23Published at Fri, 08 Jun 2018 -
Egypt Gas Output At Record Levels As Cairo Launches Bid Rounds
...l Minister Tarek El Molla said current output is running at 5.9bn cfd. Egypt’s output could in the coming months top the previous all-time high of 6.219bn cfd set in December 2011. Zohr is on course to reach output of 2bn cfd by end-2018 and full plateau output of 2.7bn cfd in 2019, Eni says. Zo...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Oman Eyes Ambitious Downstream Gas Projects With Total, Shell MOUs
...ke off globally despite initial optimism. However, no information regarding scale, cost or timeframe of any plant was offered. Qatar has been the technology’s biggest player; its 140,000 b/d Pearl GTL JV with Shell is a world-beater. But the $18bn plant has suffered several setbacks since 2011 st...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Qatar Plans For 2019 Drilling To Fuel Massive LNG Expansion
...equently had 5-6 operating up to mid-2018 as it was ramping up production capacity towards its current 77mn t/y, which was achieved in 2011 (MEES, 14 February 2011). QP’s drilling subsidiary Gulf Drilling International (GDI) has nine offshore rigs in total, of which three appear to currently be co...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Cyprus Exploration: Crunch Period Nears
...om drilling in Block 3 by Turkish warships (MEES, 16 February). This was the first time though that Turkey has managed to halt drilling offshore Cyprus since 2011. The likelihood that it would block drilling in Block 10 is lower: both due to the relative diplomatic strength of the US and Italy, an...
Volume: 61Issue: 18Published at Fri, 04 May 2018 -
Iraq Bid Round Flatters To Deceive
...bstantially larger with 2017 gross output of around 80,000 boe/d, of which 80-90% was gas. UEG’s production is all in Pakistan, after acquiring BP Pakistan’s assets for $775mn in 2011. Output has increased under UEG, from around 35,000 boe/d under BP (10,000 b/d oil, 200mn cfd gas). ...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Waha: Total Says Done & Dusted, Libya Thinks Otherwise
...s US partners. Whilst Conoco and Hess (and hitherto Marathon) have since 2011 habitually excluded Libya from their output guidance, Total’s Mr Pouyanné says his firm has no intention of doing likewise. Libya, at 80,000 b/d net, now represents 5% of the company’s total liquids output. “Yes, it’s ta...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Eni Plans For Libya Output Drop
...2011, falling to about 260,000 b/d in 2017. Or maybe he is talking about crude only, where again the decline has already taken place: gross capacity from Eni-operated fields fell from about 305,000 b/d in 2010 to 210,000 b/d in 2017. “For 8 years, we had very good [output], but we didn’t in...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018