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BP Agrees Technical Terms For Redevelopment Of Iraq’s Kirkuk
...lks fell apart in 2020 following a three-year study initially commissioned in 2013, which was interrupted by the rise of the Islamic State in 2014. Since then, Baghdad has revamped its contract models, launching a ‘profit sharing’ Development and Production Contract (DPC) model intended to provide fi...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
Jordan Eyes Gas Expansion On Risha Reserves Hike
...frastructure and develop a gas network. And, while the numbers quoted by the minister are promising, further evaluations will be needed. Risha’s reservoir is seen as complex, with UK major BP walking away from the field in 2014 (MEES, 26 September 2014). JORDAN GAS & POWER INFRASTRUCTURE ...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
Iraq: Pakistan Firm Exits Block 8
...rms Japex and Itochu, undercutting them with a remuneration fee of $5.38/boe. However, the firm has since made little effort to develop the block amid security concerns following Islamic State’s 2014 offensive. Of the other blocks awarded in 2012, UEG’s Block 9 is now producing nearly 100,000 b/d (ME...
Volume: 67Issue: 38Published at Fri, 20 Sep 2024 -
BP Back At Iraq’s Kirkuk
...der the auspices of a 2013 MoU which was disrupted by Islamic State’s 2014 takeover of much of northern Iraq, with the major restarting work in 2018. BP says the scope of the new MoU encompasses rehabilitation of existing facilities, construction of new facilities including gas expansion projects, an...
Volume: 67Issue: 31Published at Fri, 02 Aug 2024 -
Algeria Adds Power Capacity
...rea had previously indicated 2025 completion for the project (MEES, 7 January 2021). When awarded in 2014 the target for completion was 2017....
Volume: 67Issue: 28Published at Fri, 12 Jul 2024 -
Iraq: China’s Jereh Inks Mansuriya Contract
...e firm’s exit amidst the Islamic State’s rise in 2014. A subsequent award to Sinopec in 2021 also failed over similar disagreements. The contract comes as Chinese firms are further expanding their footprint in the country (see p2). ...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Iraq Approves Mansuriya Gas Award
...riod. Mansuriya was originally awarded in 2011 to a consortium led by Turkey’s TPAO. Development was halted following attacks by the Islamic State across the province in 2014. Disagreement on commercial terms subsequently pushed Baghdad to take over the field in 2018 (MEES, 3 August 2018). Chinese state fi...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Iraq Aims To Restart Kirkuk-Turkey Pipeline
...lamic State in 2014 (MEES, 5 December 2014), Mr Khudaier says he expects “flows by the end of this month.” Any flows are likely to be small at first, but prior to the shut-in of the Kurdistan Region’s alternative pipeline last year, Federal Iraq was exporting around 100,000 b/d to Turkey....
Volume: 67Issue: 15Published at Fri, 12 Apr 2024 -
Poland’s PGNiG To Resume Libya Exploration
...-well campaign were ultimately drilled, with the company announcing gas discoveries in both wells. But the company pulled out its staff and wrote off its entire to-date Libya exploration spend of $137mn as security deteriorated in early 2014 (MEES, 31 January 2014). PGNiG previously pledged to re...
Volume: 67Issue: 12Published at Fri, 22 Mar 2024 -
Kuwait’s Kufpec: 140,000 Boe/D 2026 Target
...pe of gains this year, output is unlikely to top 90,000 boe/d, never mind the official 107,000 boe/d target. Kufpec has a history of massively missing output targets (MEES, 25 April 2014). And, notwithstanding promising Asian discoveries off Indonesia and Malaysia (MEES, 22 September 2023), the on...
Volume: 67Issue: 09Published at Fri, 01 Mar 2024