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Cyprus Hopes For Mega Exxon Elektra Find To Jolt Its Gas Sector To Life
...ock 3 (MEES, 16 February 2018) in a move it said was linked to defending the interests of the Turkish Cypriot community who mostly live on the northern third of the island which has been occupied by Turkey since 1974. Beyond the discovery of Aphrodite, 13 years ago in late 2011, Cyprus has seen fo...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Libya Exploration Reboot As Eni/BP & OMV Kick Off Drilling
...Libya’s upstream has got a long-awaited boost with Eni/BP and OMV both kicking off exploration campaigns on ice since the country’s 2011 revolution. With Italian PM Georgia Meloni in town, Eni may be set to sign the controversial NC-7 deal. Eni and BP, as well as Austria’s OMV, have ki...
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
...Tony Blair (MEES, 4 June 2007). BP pledged to invest $900mn drilling 17 wells. Following several false starts, it was about to drill its first well in February 2011 when the revolution that saw the ouster of Gaddafi kicked off. Though the UK major did dust off plans in 2012 amid a brief period of...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Aphrodite On The Rocks? Cyprus’ First Gas Find Faces Uncertain Future
...ay hardball with the partners of the country’s first gas discovery, 3.5tcf Aphrodite, made back in 2011. On 30 April, Nicosia informed the field’s partners, Chevron (35%op), Shell (35%) and Israel’s NewMed (30%), that their latest proposed revisions the field’s 2019 development plan, submitted on 28 Ma...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Egypt Gulf Of Suez Renaissance: Can It Be Sustained?
...l was first discovered over 100 years ago. The region remained Egypt’s top oil producing province until 2011 when it was overtaken by the Western Desert. The region’s top producer is Dragon Oil, a subsidiary of Dubai’s state oil firm Enoc, with production reaching 66,000 b/d in February. Dr...
Volume: 67Issue: 14Published at Fri, 05 Apr 2024 -
Israel & Cyprus Talk Power Link, Aphrodite-Ishai
...ach an agreement soon for the Aphrodite – Ishai issue,” Mr Papanastasiou confirmed. A dispute with operator Chevron has also held up development of Aphrodite which was discovered in 2011 (see main story). ...
Volume: 67Issue: 13Published at Fri, 29 Mar 2024 -
Gazprom Nasiriya Entry: Conciliatory Gesture?
...U with NIOC to develop Azar before being kicked out in 2011 (MEES, 17 October 2011). It’s unclear whether the firm’s work at Badra was indeed informed by Iranian data. The source assesses that Gazprom Neft’s Nasiriya pitch may involve moving some of Badra’s surface processing equipment, for wh...
Volume: 67Issue: 10Published at Fri, 08 Mar 2024 -
Libya Gas Exports At 13-Year Low
...Libya’s gas exports, all of which go to Italy via the 8bcm/y (775mn cfd)-capacity Greenstream pipeline, fell to just 137mn m3 (167mn cfd) for February, one of the lowest figures since the massive instability of the revolutionary year of 2011. With the two preceding months also having seen su...
Volume: 67Issue: 10Published at Fri, 08 Mar 2024 -
Eni Eyes ‘Best Fast-Track Development’ For Cyprus Cronos Find
...scovered more than a decade earlier in 2011, as Cyprus’ first gas development. Chevron (35%op) and its partners Shell (35%) and Israel’s NewMed (30%) have been set a deadline of 31 March to submit “optimizations” to Aphrodite’s 2019 approved field development plan (FDP) after previous modifications were re...
Volume: 67Issue: 07Published at Fri, 16 Feb 2024 -
Adnoc & BP Ink Egypt Gas JV With Israel Entry On Hold
...scovered in 2011 and mentioned by BP as a potential development option back in 2019 (MEES, 24 May 2019). $1BN+ DEAL? The companies do not say how much Adnoc will pay for just under half of BP’s share in the six assets beyond that a “proportionate cash contribution” will be earmarked “for fu...
Volume: 67Issue: 07Published at Fri, 16 Feb 2024 -
Cyprus’ Gas Ambitions: Could Cronos Overtake Aphrodite?
...Cyprus’ 2011 Aphrodite gas discovery risks being overtaken by Eni’s 2022 Cronos find in the development stakes. Nicosia faces key 2024 gas decisions. CYPRUS’ 2024 UPSTREAM MILESTONES *Mid-January: Cronos drilling completes *End-March: Deadline for Chevron to su...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024