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Harbour Expands With Wintershall Takeover
...ich in turn was formed in a 2017 merger (MEES, 1 December 2017). That deal left Wintershall Dea with substantial Russian assets, which, in a further complicating factor will be excluded from the Harbour transaction. As will one of Wintershall Dea’s key Mena assets, the ‘Wintershall’ fields in Li...
Volume: 66Issue: 51/52Published at Fri, 22 Dec 2023 -
India Crude Imports: Iraq Rebound As Russia Remains Dominant
...Latest official Indian crude import stats for October show volumes from Iraq rebounding to 1.06mn b/d, the highest since March, and the first over 1mn b/d since April. Iraq was India’s top supplier every year from 2017 to 2022 but Russia has surged ahead this year. India’s imports from Ru...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Algeria-Turkey LNG Deal
...gerian LNG. Nevertheless, Turkey has taken in excess of its contractual term volumes of Algerian LNG every year since 2017, whilst Turkey has been Algeria’s top export market for each of the past six years. For 2023, Algeria-Turkey volumes are on track to challenge the annual record of 4.37mn to...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Shell Spuds Key Mauritania Wildcat
...scovery, the Chinguetti field which produced from 2006 to 2017. Shell entered Mauritania when it signed up for the C10 permit in 2018 (MEES, 27 July 2018), and in February signed up for a second permit, C2. QatarEnergy farmed in for a 40% stake in March (MEES, 7 April), whilst state firm SMH retains it...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Oxy Hits Payday In Oman
...US independent Occidental (Oxy) is optimistic about the prospects at its Block 65 asset in northern Oman. Oxy was awarded Block 65 in Oman’s 2017 licensing round (MEES, 21 December 2018), with the asset lying in a crescent of acreage being developed by the firm running across the north of the su...
Volume: 66Issue: 32Published at Fri, 11 Aug 2023 -
Mauritania: Shell Q4 Wildcat
...two years, indicating the potential for additional wells on its Mauritania acreage or elsewhere. Mauritanian officials say the well will target oil as well as gas, with Block C10 surrounding Mauritania’s to-date only commercial oil discovery, the Chinguetti field which produced from 2006 to 2017...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Iraq Restarts 3mn Barrel Nasiriya Storage Project
...P first began work on the project back in 2015, targeting 2019 start-up. However as with many projects in Iraq it has been subject to lengthy delays (MEES, 27 January 2017). CPP resumed work on 30 May. NNOCD is designed to store crude oil from CNPC’s 140,000 b/d capacity Ahdab and Gazprom Neft’s 80...
Volume: 66Issue: 23Published at Fri, 09 Jun 2023 -
Iran 210,000 B/D Refining Boost
...A long-delayed new 210,000 b/d CDU at Iran’s century-old 390,000 b/d Abadan refinery was completed on 17 March. First announced in 2017, the CDU is part of an expansion phase that includes a 100,000 b/d VDU upgrading unit which will reduce fuel oil yields from 40% to 20%. Iran secured a $1....
Volume: 66Issue: 12Published at Fri, 24 Mar 2023 -
Iraq Eyes Japanese Replacement For Inpex Stake
...ch as JX Nippon are unlikely to be willing to replace Inpex given the risky operational environment. Located in Dhi Qar province and discovered by Lukoil in 2017, Eridu is one of Iraq’s largest discoveries in recent years....
Volume: 66Issue: 05Published at Fri, 03 Feb 2023 -
Oman: Block 60 Oil Field Inauguration
...0,000 boe/d, and provides a welcome boost to Oman’s overall production capacity. But with renewed Opec+ production cuts in place until the end of the year, Oman will be unable to fully tap into this additional capacity (see p3). Block 60 was first discovered in 2017, with the first crude oil pr...
Volume: 66Issue: 04Published at Fri, 27 Jan 2023