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Kurdish Oil Enters Turkey But No Exports Yet
...oducts. Current production is estimated at 240,000 b/d but is set to rise further as Gulf Keystone ramps up output from the giant Shaikan field, which is due to hit 40,000 b/d in early 2014. Keystone Wins Court Case Prospects for the UK independent to continue its operations in Iraqi Kurdistan ha...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Lebanon LNG Imports A Distant Prospect Amid Bidding Confusion
...viewing bids; caretaker Minister of Energy and Water Gebran Bassil says he expects to sign contracts in the third or fourth quarter of 2014. It remains unclear, however, just how Lebanon intends to implement its ambitious LNG import plans. Infrastructure And Political Obstacles The Energy Mi...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Bid Round Confusion
...banon’s Petroleum Administration board tells MEES that precisely nothing will happen on 10 January. Yet the issue is mired in confusion: IOCs are unsure what to make of continued pronouncements by Mr Basil that 10 January 2014 is the final deadline for companies to submit their bids. The deadline, li...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Libya: Another False Dawn?
...pede oil production, analysts believe. In a report released on 9 December, investment bank Morgan Stanley predicts average Libyan production of 800,000 b/d for 2014, half pre-revolution output. The bank’s base case scenario “assumes blockades of the eastern terminals remain in place for some time and in...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
KRG: Oryx Hits Big In KRG, Plans Wasit Development
...e discovery will be established as commercial, he added. Toronto-listed Oryx is conducting further analysis of the ZEG-1 well and intends to drill an appraisal well at Zey Gawra in 2014, as part of a multi-well appraisal and development drilling program in the Hawler license area, which is ad...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Oman-BP Tight Gas Deal Expected By End-2013
...d producing either additional gas from Barik, or from Amin,” he says. “We don’t yet know if we will move towards a Phase 2 or 3,” he continues, warning the upcoming agreement would “only be addressing Phase 1.” BP in February 2014 reaches the end of it six-year appraisal plan to assess the Kh...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Oman Upstream Survey: Indies Boost Output To New Highs
...mpaign, supported by the recent addition of a fourth rig. A fifth rig is set to be deployed in 2014, MEES learns, to support its output target of 45,000 b/d in 2014, and 50,000 b/d in 2015. “We believe Daleel can then sustain this level of production or slightly more for many more years,” a source close to...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Egypt Promises $1.5Bn Receivables Payout
...June 2014), the ministry said in a statement. The minister made waves last week when he spoke in favor of higher prices for gas produced in Egypt. The current gas price of a mere $2.65/mn BTU is the biggest stumbling block to further exploration and production by IOCs, and effectively renders un...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Iraq Pencils In 3.4Mn B/D 2014 Exports But Lowers Output Targets
...IRAQ Iraq Pencils In 3.4Mn B/D 2014 Exports But Lowers Output Targets Iraq is aiming for average oil exports of 3.4mn b/d in 2014, including 400,000 b/d from the KRG. This would translate into a rise in Iraqi production to 3.7-3.75mn b/d assuming no further details to fi...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Algeria Drums Up Interest Ahead Of Bid Round
...ALGERIA Algeria Drums Up Interest Ahead Of Bid Round Algeria is preparing a bid round for early 2014. A global roadshow concluded last month shows Algiers is intent on improving the appeal of its hydrocarbon sector to international oil companies. State oil co...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
UAE Says 3.5Mn B/D Capacity Target On Schedule
...NOC is running this process and we have confidence in that,” he said though he declined to say how much of a delay he expected beyond the 10 January expiry of the 70-year concession. “The concession ends in 2014 and obviously there will be a delay. The delay will not impact us at all. The company wi...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Barzan Start-Up To Raise Qatar LPG Exports
...mn tons/year. An additional 500,000 t/y of LPG is expected to be added once the Barzan gas project is commissioned in 2014.” Dr Sada told the conference that LPG demand is rising rapidly, particularly in the residential and commercial sector: “This is particularly evident in emerging economies such as...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Kuwait Withdraws From Key Neutral Zone Project
...e second quarter of 2014. Kuwait Crude Production (‘000 b/d)* ...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Abu Dhabi Ups The Ante As Oil Acreage Race Heats Up
...Abu al-Bukhoosh – which is a small field, but for the last 30-40 years – we have been trying technologies, employing technologies which we are going to be able to transfer to the other fields. This will allow us to maximize recovery from the other fields. In the beginning of 2014, Total will be...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Turns To CO2 To Enhance Oil Recovery
...dan 0.3 Lebanon 4.9 S Sudan <0.05 Source: World Bank, 2014 World Development Report (WDR) except *US DoE. The 2014 WDR lists data for 135 countries of which the UAE is highest. All data for 2009....
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
ADNOC Creates New Crude Blend To Go On Sale From Next July
...UAE ADNOC Creates New Crude Blend To Go On Sale From Next July Abu Dhabi National Oil Company (ADNOC) is combining its Umm Shaif and Lower Zakum streams to create a new ‘Das Crude,’ with sales of the new blend to start from July 2014, company officials said on 12 No...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Bahrain: Question Mark Hangs Over Oil and Gas Projects
...ES learns that Oxy, which operates Bahrain’s deep gas project, has run into trouble. An official told MEES that costs are expected to run “very high,” which could prompt Oxy to postpone plans to drill a $90mn test well in July 2014. Oxy will have to sell future gas production into Bahrain’s domestic ma...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Morocco Spuds First Ever Deepwater Well
...Morocco Spuds First Ever Deepwater Well Morocco has barely registered in recent years’ MENA drilling statistics. But that is about to change. Some 31 exploration wells – including seven offshore – are slated to be drilled by the end of 2014 according to state oil firm ONHYM. Two have al...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Baghdad Caught in North-South Pincer As Basra Oil Heartland Seeks Autonomy
...th Ankara for 10 bcm/year of gas from its Dohuk license in early 2014. Mr Shahristani, who is deputy PM for Energy, has warned that Baghdad would consider any unauthorized oil exports from the KRG as the smuggling of Iraqi oil and threatened to take action against Erbil and Ankara, though there ha...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
BP Inks Kirkuk Deal
...5,000 b/d. However, Lukoil’s West Qurna-2 field development, which had been due to start up in 2013, has been pushed back to early 2014 due partly to protests earlier this year by Basra tribes who had expected to see more benefit from the operations of the foreign oil majors....
Volume: 56Issue: 45Published at Fri, 08 Nov 2013