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Kurdistan Producers Bullish on Field Plans After KRG Payments
...cent record-setting production figures, output has remained below that of the nearby Atrush block (Taqa 47.4%op, Shamaran 27.6%, KRG 25%). Atrush is one of the newest producing fields in Kurdistan, having only started up in 2017, but updates from Canadian minnow Shamaran show that production from the bl...
Volume: 63Issue: 21Published at Fri, 26 Mar 2021 -
Libya’s Monthly Output Tops 1mn B/D
...tural decline is certainly one factor, the main reason for the slump was due to Istiklal’s second production unit being shut down since 2017. Having now restarted on 28 November, this should provide a healthy boost – eventually, at least. Sirte Oil says the restart of the second unit will allow its en...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Iraq Plans Oil Prepayments To Alleviate Financial Meltdown
...uld exceed $20bn this year (see chart 2) – up from a $3.49bn deficit in 2019 and two small surpluses in 2017 and 2018. This prepayment deal will help reduce the gap, but only by a relatively small fraction. On the oil side, Iraq is doing all it can to mitigate the damage. Its planned launch of Ba...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
KRG: Chevron’s Sarta Online As Gazprom Eyes Sarqala Rebound
...Junior partner Genel Energy announced this week the startup of the Sarta oil field in Iraqi Kurdistan, the first new field to come online in the semi-autonomous region since Taqa’s Atrush in 2017. First oil from the Sarta-3 well is flowing to the 20,000 b/d early production facility, and Ge...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
Israel Gas Output, Exports At Record Levels
...favoring Leviathan – in which they both have substantially larger stakes than at Tamar (see charts, p7) – in sales contracts (MEES, 10 July). Jordan has imported small volumes of Israeli gas since the Arab Potash plant on the Dead Sea began offtakes from Tamar at the start of 2017. Volumes av...
Volume: 63Issue: 48Published at Fri, 27 Nov 2020 -
The Curious Case Of Algeria’s Hassi R’Mel
...asured) are the only numbers to go off. While we’re still waiting on Sonatrach’s 2019 report, the 2018 version puts gross Hassi R’Mel output at 90 bcm/y, but then again, so did the 2017 edition. Contrary to what is stated, MEES is inclined to take these numbers as nominal capacity, rather than actual ou...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Kuwait Oil Company Looks To Heavy Oil To Offset Capacity Declines
...RGET IN 2021 OR EVEN 2022 LOOKS A BIG ASK (MN B/D) SOURCE: KOC, MEES. 3: HEAVY OIL REMAINS CENTRAL TO KUWAIT’S LONG TERM PLANS ('000 B/D CAPACITY) SOURCE: KOC, MEES. CAPACITY TRENDING DOWN KOC’s production capacity peaked at 3.151mn b/d in 2017-18. With ne...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Egypt Gas Output Makes Late-2020 Recovery Despite BP Collapse
...TPUT SLUMP FOR BP’S WND One of the key projects, along with Eni’s Zohr, that has helped boost Egypt’s Mediterranean output in recent years was BP’s 5tcf West Nile Delta (WND), which started-up in April 2017 (MEES, 12 May 2017). But MEES understands both Phase 1, Libra and Taurus fields, an...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
UAE Joins Shale Revolution With Unconventional Gas Start Up
...irly soon” (MEES, 29 May). However, the region’s leading unconventional player is Oman, where BP brought the 500mn cfd Ghazeer project online last month (MEES, 16 October). Ghazeer is the second phase development of Block 61’s tight gas reserves, following the 2017 start-up of 1bn cfd Khazzan ou...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
EOG Goes Big On Oman Shale With Farm-In At Tethys’ Block 49
...stream (MEES, 25 September), Houston-based EOG Resources is making its second foray into the sultanate, this week taking 50% of Tethys Oil’s Block 49, which is located next to EOG’s recently-acquired Block 36 in the south west of the country (see map). Tethys acquired Block 49 in 2017 (MEES, 24 No...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Iraq To Launch New Basrah Medium Grade In January 2021
...aims to launch the new grade on 1 January, less than two months from now. The expedited timeframe has taken many observers by surprise. Somo has long planned to launch Basrah Medium, first floating the idea in 2017 (MEES, 26 May 2017). As recently as May 2019, Somo Director General Alaa Al...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Egypt’s LNG Exports Face Uncertain Future
...ST 13 CARGOES FOR 2020 VOLUMES ARE SET FOR THEIR LOWEST SINCE KEY OFFSHORE FIELDS STARTED UP IN 2017 SOURCE: BP, KPLER, MEES. EGYPT* IS SET TO LOAD JUST 13 LNG CARGOES IN 2020, LESS THAN A QUARTER OF THE 2019 FIGURE *ALL ELNG. ^PRESUMES REMAINING CARGOES AVERAGE 65,000 TO...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Eni’s Zohr Under Threat From Water Infiltration
...ffered “steeper then expected declines” after 2017 start-up (MEES, 15 March 2019), whilst Phase-3 (Raven) has been delayed from late 2019 due to a pipeline snafu (MEES, 7 February). Shell’s key offshore WDDM fields, long the main source of feedstock for the 7.2mn t/y ELNG export terminal at Idku (see ma...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Oman Gas Output To Top 5bn CFD As BP’s Ghazeer Comes Online
...ock’s first phase Khazzan project. The 2017 start-up of Khazzan transformed Oman’s gas fortunes (MEES, 29 September 2017), sparking renewed investment from international majors. All told, Block 61 will now account for more than a quarter of Omani gas and condensate production capacity. “I am de...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Saudi Crude Exports At Ten Year Low
...e Mediterranean terminal of Sidi Kerir. Total Sumed flows to the Mediterranean have dwindled to four-year lows in recent months (MEES, 21 August), and Saudi Arabian volumes are no exception to this trend. At 595,000 b/d in Q3, Saudi exports through the Sumed pipeline were the lowest since 1Q 2017...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Saudi Eyes Development Of Remote Northwest
...’ad al-Shamal industrial complex, which is centered around phosphate mining. To the southwest of Turaif is the 75mn cfd Midyan conventional gas processing plant, which was commissioned in 2017. Midyan gas was developed to supply gas to power generation facilities further down the coast at Du...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Indian Firms Eye Israel Exit
...A consortium of Indian firms led by state giant ONGC Videsh is in the process of relinquishing the one exploration block it holds offshore Israel. Block 32 was awarded in late 2017, following Israel’s first offshore bid round, launched in 2016 (MEES, 24 November 2017). In its 2019-20 annual re...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Noble To Keep Tamar Veto Rights
...th 25% of Tamar and 39.66% of Leviathan, has been accused of favoring the latter in gas sales (MEES, 24 April), effectively stymying any attempt by Tamar’s minority partners to compete with Leviathan on price. Tamar gas sales slumped from a steady 1bn cfd for 2017-19 to a seven year low of 543mn cf...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Egypt: Key Shell Offshore Gas Project Faces Uncertainty
...condensate during the 2019-20 financial year to June, a far cry from the 1.3bn cfd it produced in 2013. Years of under-investment and over-drilling saw output collapse to around 200mn cfd in 2018. Phase 9b was finally sanctioned in 2017 although it was only 12 months ago that the phase’s nine we...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Egypt Oil Targets Recede Into Distance
...clared force majeure on the plant’s ongoing 60,000 b/d expansion (MEES, 24 July). And the country’s other key ongoing expansion, a new 48,900 b/d hydrocracker and 14,900 b/d naphtha upgrader at the 90,000 b/d Asorc refinery in Assiut, southern Egypt (MEES, 15 September 2017), has the same main co...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020