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Abu Dhabi’s 3.5Mn B/D Target Slips To 2019
... UAE Abu Dhabi’s 3.5Mn B/D Target Slips To 2019 By Nick Wilson Abu Dhabi is unlikely to hit its 2017 target of 3.5mn b/d crude production capacity until 2019 at the earliest, MEES learns. The delay is caused by: project slippage; a shortage of...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Qatari Condensate Production On The Rise
...2 into what it says is the world’s longest horizontal well, at about 12km, in a reservoir which in places is only one meter thick. Maersk won the contract after majors said they could only get its production to 20,000 b/d. Its PSA expires in 2017. US independent Occidental Petroleum (Oxy) is st...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
POGC And Sonatrach Step Up Libyan Exploration; Others Wait On Sidelines
...presentatives were in discussions with NOC chief Nouri Berruien in Vienna earlier this month with the aim of finalizing the German company’s $500mn plans to produce 30,000 b/d from the acreage by the end of 2017. France’s Total also has near-term development plans – including for Murzuq basin Block NC...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Abu Dhabi Looks To Offshore Future
...16 2018 Nasr 0 65 2018 2018 Sarb (Satah Ras al-Boot)* 0 100 2017...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Petroceltic Eyes Algerian And Egyptian Expansion
...ving to front end engineering next year and development drilling in 2015. A total of 20 wells are planned before first gas production in the third quarter of in 2017. Some 150 development wells are planned over the field’s lifetime. 10 Tcf Reserves, 7 BCM/Year August’s declaration of...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Producers And Consumers Seek Cure For Oil Market Turbulence
...ntracted fields by 2017-20. Some IOCs have already submitted revised development plans and our own reservoirs department is conducting its own studies. Both the IOCs and the oil ministry are not far from the consultants’ initial figures – but there is no decision yet. No decision on production levels will be...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Repsol Strikes Gas In Algeria
...produce 3.6 bcm/year from late 2017, and where Enel is a partner. The key Algerian projects for both Repsol and GdF going forward are in the country’s far southwest. Repsol is operator of the $3bn Reggane Nord development which is slated to produce 2.9 bcm/y from late 2016, whilst Gd...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
KOC Eyes $56bn Investment Bonanza
...pital expenditure of $11.5bn in 2012-13, $5.9bn in 2013-14, $11.4bn in 2014-15, $12.5bn in 2015-16, $9.1bn in 2016-17, and $5.4bn in 2017-18. Bad Press To some Kuwait may appear a poster child for how not to run an oil industry. But while there are clear issues surrounding pa...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Leviathan Partners To Drill 4Th Well
...chel license area. This is also designed to function as a production well once it starts up in 2017-18 and will be necessary to complete the field’s mapping. Expected to be drilled in four months, the well will be located 125km to the west of Haifa and will reach a total depth of 5,...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Ankara Poised To Unleash KRG Upstream Investment
...000 to go to 15,000 b/d by end 2012. 35,000 b/d by end 2013 and phase 3 125,000 b/d by end 2017. Ain Sifni 20% (see Hunt below). 27-Jul-11 Ma...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
'Democratic' Bumps Fail To Prevent Libyan Gains
...elds by the end of 2015 (MEES, 2 November). Meanwhile, RWE-Dea is looking to finalize the development timeframe for its 30,000 b/d NC-195 and NC-197 discoveries. By 2017 NOC is targeting 2.2mn b/d with key additional volumes to be supplied by the Waha consortium (which groups NOC with US fi...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Libya Weighs Options For Gas Development
...pansion plans of the Waha consortium which wants to more than double its crude output to 600,000 b/d by 2017 partly through the development of the 80,000 b/d gas-condensate field discovered on block NC-98 and the development of 180-200mn cfd gas production at the Faregh field. Hess Ho...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Egypt Extends Gas Bidding; TransGlobe Awarded Oil Blocks
...d 3D seismic and drill exploration wells. TransGlobe is looking to the four bid round blocks to add up to 15,000 b/d to the company’s Egyptian production by 2017, part of ambitious plans to ramp it up to 40,000 b/d over the next five years (MEES, 16 June). The company’s current Eg...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
November Political Changes Unlikely To Impact Energy Macro-Trends
...asons, why the OECD Energy Watchdog, the IEA, predicts total Middle East crude exports to China, will subside somewhat to 2.5mn b/d by 2017. According to the IEA’s Medium-Term Oil Market Report, total Gulf exports east will also decrease, but tepid EU demand and surging US supply will mean As...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
South Sudan Orders Oil Production Restart
...l Output Through 2017 In its Medium-Term Oil Market Report 2012 meanwhile, the International Energy Agency (IEA) said it did not expect to see any significant increase in either country’s production over the coming five years, despite best efforts by both the Sudanese and Southern Sudanese go...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Woodside Keen On Leviathan Partnership, Pelagic Prepares Aphrodite-2 Well
...cility located in Cyprus – but will need a strategic partner experienced in LNG to carry the project through. Currently, the target date for Leviathan production start-up is a tentative 2017. But exports from Leviathan and other Israeli fields will depend on whether the Israeli government’s export policy fo...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...and-off over the price Sonatrach will pay for the gas; Total hopes – especially in light of the revisions to Algeria’s oil law – that the terms will reflect the difficulty of developing what it considers to be ‘unconventional’ deposits. Total has put back estimated first production to 2017...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
....25% 2.9 3tcf reserves. Development approved late 2011 Q3 2017 'Ain Tsila Petroceltic 37%op, Sonatrach 51%, ENEL 12% 30 3....
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Cyprus Tenders For Short-Term Gas Supply
...s offshore, that resource is unlikely to be available for domestic use before 2017-18. “DEFA therefore requires a short-term supply of natural gas to provide an alternative energy supply to Cyprus for the period to 30 September 2018 while the project for the commercialization of Cyprus’ own natural ga...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Jordan Signs MOU With Canadian Firm For Shale Oil Project
...art production at the rate of 20,000 b/d of crude from shale oil by 2016. It also plans to complete a 460mw power plant by 2017 which would burn shale oil. A second Jordanian-British firm, Karak International Oil (KIO), is exploring near the city of Karak, 100km south of ‘Amman and intends to produce up...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012