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Jordan Adds Gas Output
...s flatlined since BP walked away in 2014 (MEES, 24 January 2014), with the two recent wells adding a much needed boost in production. Gas from the field is burned at the nearby 58MW Risha powerplant, which supplies power to far-eastern Jordan. The power plant only needs negligible volumes to op...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Russia’s Tatneft Back In Libya For Seismic
...ab Geophysical Exploration Services Company (AGESCO) to complete 200 km² of seismic in Area 82’s Block 4 which was suspended in 2014. Tatneft was awarded eight exploration blocks (Areas 69, 82 & 98) in Libya in 2005 and 2007 (MEES, 28 July 2017, see map, p2). It struck oil several times, but was fo...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Leviathan: The Giant Stirs
...sult of the firm massively scaling back its plans. LEVIATHAN GAS SALES DEALS *IMPLIED AVERAGE VOLUMES. **PARTNERS' ESTIMATE BASED ON QUANTITIES CONSUMED ^MEES ESTIMATES SCALED-BACK AMBITIONS The original Phase-1 development plan filed in October 2014 was already modest in sc...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Algerian Gas Exports Set For Quarter-Century Low
...e first nine months of 2019 is down 9% year on year: having received a boost from key field start-ups in 2016-18 production has fallen back to 2014 levels. And while the third quarter has historically seen output drops, 3Q 2019’s 18.89bcm (7.25bn cfd) was the lowest in years and down 5% year on ye...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
Adnoc Gas Strategy Surges Forward
...s strategy aimed at achieving self-sufficiency for the UAE by 2030 (MEES, 9 November 2018) there are already clear signs of progress. The UAE’s net gas imports fell to 11.9bcm (1.15bn cfd) for 2018, the lowest since 2014, as output climbed faster than demand. Adnoc’s stated project targets are ea...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Oman Offshore Ambitions Creep Forward
...rway’s DNO and Korea’s LG International allowed the contract to expire in January (MEES, 4 January). OOCEP subsidiary Musandam Oil and Gas Company has since taken over. The two Bukha fields, within Oman’s only offshore producing license, produced a modest 15,700 barrels of oil equivalent per day in 2014...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Israel Offshore Awards: Small Firms, Smaller Commitments
...rt of the former Daniel West block. Two wells were drilled by Calgary headquartered GeoGlobal in 2012, one on each of Myra and Sara, but both came up dry (MEES, 5 December 2014). Ratio, then partnering Energean, initially attempted to farm-in to Myra and Sara in 2014 in a deal ultimately rebuffed by Is...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Yemen: Second State Firm Restarts Production
...ar that production had once again started at its Block 9 which produced 6,000 b/d before the security situation deteriorated in 2014 (MEES, 17 May). But of all these, Safer’s return, reported by Reuters, could prove to be the most consequential yet. For one thing, Block 18 is amongst the most vi...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Qatar Petroleum Finalizes Idd al-Sharghi Takeover
...nce Saad al-Kaabi took over as CEO in 2014 (MEES, 14 September 2014). Under his leadership, the role of IOCs at Qatar’s oil fields has been greatly reduced, either through tighter terms or with QP taking over entirely. This week saw QP finalize its takeover of two fields, replacing US firm Occidental (Ox...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Tunisia’s Upstream: Can It Emerge From A Lost Decade?
...llowing the revolution, the country’s 2014 constitution made it even more difficult for the government to award exploration blocks. In the name of oversight and transparency (key demands of the uprising, among others) the new constitution’s Article 13 stipulated that any new awards must be approved by pa...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Russia’s Stroytransgaz Bags Iraq E&P Deal
...-year contract this week to explore and produce oil and gas in western Iraq’s Block 17, a ministry statement confirms. The deal requires approval from the ministerial council, and given American sanctions on the firm due to its involvement in Russia’s 2014 annexation of Crimea, it could spark fierce US op...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Iraq Sets New Oil Output Record As Jordan Exports Start
...lamic State (IS) insurgency in 2014-16, whilst Baghdad has also tested the upper limits of its export infrastructure. Since peaking at a whopping 3.63mn b/d in December (MEES, 4 January), Iraqi southern exports have averaged 3.43mn b/d throughout the first eight months of this year – less than 30...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Algeria’s Gas Projects: Playing Catch-Up
...ntracts worth a combined AD53bn ($440mn) to local firms Cosider and ENGTP late last year to develop six fields around the periphery of the 4.4bcm/y-capacity Gassi Touil development, which came online in 2014. Cosider’s AD21bn contract will see it drill 25 wells and send raw gas output of 7mn m³/day (ar...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Kuwait Upstream Chief Pledges Ambitious Investment To Boost Capacity
...pacity at 1.7mn b/d with a technical service agreement (TSA) in 2014, which was subsequently upgraded to an enhanced technical service agreement (ETSA) in 2016 (MEES, 15 July 2016). GAS: STEADY GAINS PLANNED When it comes to gas, KOC’s plans are at least more clear-cut. Mr Sultan says “we...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Egypt Falls Further Behind Oil Output Plan
...ntributed over 50% of the country’s overall oil output since 2014. The firm operates 25 concessions across the region through its two JVs with EGPC, Khalda and Qarun. Gross output from Apache’s Egypt fields, all in the Western Desert, fell to a two-year low of 200,400 b/d for Q2. This trend is due to co...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Iraq Crude Exports Edge Up In July
...opping 40% of oil revenues. Having posted seven consecutive quarters averaging $6bn/month oil export revenues (which per annum works out to at least $72bn), it is fair to say that Iraq has escaped the 2014-2017 mess of low prices and low revenues. The challenge now is even bigger: how does Iraq tr...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
QP Expands Overseas
...nce 2014), South Africa (MEES, 8 February), and, above all, in Qatar, where Total has 30% of the 300,000 b/d Al Shaheen field. And it’s not just upstream. Last month QP signed an $8bn US Gulf petchems tie-up with ConocoPhillips (MEES, 19 July). Following the latest deal, which awaits Guyana’s re...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Now Or Never For Leviathan As Partners Re-Float LNG Plans
...d Belgium’s Exmar to provide a Front-End Engineering and Design (FEED) study for the construction of an FLNG facility for Leviathan. This is not the first time that the partners have attempted to promote FLNG as part of Leviathan’s development. In 2014 Australia’s Woodside pulled out of a $2bn de...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Israel Awards 12 Blocks
...though that is due to be completely sold off by 2021 as part of another antitrust ruling from 2014 (MEES, 2 January 2015). Edison early this year said it was relinquishing Royee but later committed to drilling the block by September as part of a deal with 70% partner Ratio, which would in turn take 15...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Kuwait-Saudi Talks Spark Renewed Speculation Over Neutral Zone Restart
...tween the neighboring states, but was shut in over the course of 2014 and 2015 due to disputes over its management. Kuwait’s state news agency Kuna reported that the 24 July talks came amid a series of consultations and coordination over how to restart PNZ production. These discussions have resolved al...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019