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Iraq Hikes 2015 Export Projections, Includes Kirkuk, KRG Oil
...2009 and 2010 for further development or development of major oil fields in the south with initial plans to raise production capacity to over 13mn b/d by 2017. It has since lowered its target to around 9mn b/d and has negotiated lower plateau production targets with nearly all the major op...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
BP Still Hopeful Of Kirkuk Deal
...ploration and production, tells MEES that preparations are under way to start the third and final phase of development to take output towards the new, revised plateau of 400,000 b/d by 2017. Halfaya is operated by PetroChina with a 45% stake. Its partners are: Petronas (22.5%) and Total (22.5%) and Iraq’s So...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Says Oil Price Will Not Impact Expansion
...hieved by 2017 but slippages have pushed the date further into the future, though there is no doubt that Abu Dhabi will eventually make its promised contribution to global oil supplies. Still, uncertainty over the future makeup of the lapsed Abu Dhabi onshore concession (see p15), preparations to ne...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Keeps Oil Majors Guessing On Onshore Renewal
...volvement in building Abu Dhabi’s first nuclear power plant, due to become operational by 2017, it won the right to develop three oil fields in partnership with Adnoc. Like Japan, it also has a crude storage deal with Abu Dhabi. OXY: It’s Complicated For US mini-major Occidental (Oxy), the situation is...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Saudi Arabia’s Major Gas Development Stalls
...lay in gas substitution for power generation, which vies for gas feedstock with the petrochemicals sector and desalination plants, will eat into volumes of crude oil available for export in the future at a time when Saudi refining capacity is set to rise by 1.2mn b/d by 2017. Total oil burn, in...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Khafji Remains Offline As Neutral Zone Squabble Escalates
...at Chevron will move forward with its planned $5bn, 80,000 b/d first phase of its steam injection program at Wafra. As it stands, the project has already faced several years of delay and a final investment decision isn’t expected until 2017. Costs have also ballooned, which may force the project to be...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
Iraq To Split Basra Crude Streams
...oducing around 320,000 b/d of medium and heavy oil, up from 220,000 b/d a month earlier. Output from the field is due to rise to 400,000 b/d early next year, and eventually to a revised plateau of 1.2mn b/d by 2017. Production from Halfaya, now at just over 250,000 b/d of medium crude, is set to rise to 40...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
US Shale A Threat To Mideast Condensate, Despite Oil Price Slide
...pansion of the Panama Canal is finished. While plans call for completion of the expansion next year, Mr Troner says that, more realistically, it will be finished in 2016 or 2017, allowing liquid tankers of up to 160,000 DWT to pass. Qatar’s condensate exports, meanwhile, are set to dwindle the same ye...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Egypt Enjoys Unexpected Bid Round Success
...nority partner RWE by 2017, and is active drilling in other offshore acreage. In addition to Eni, compatriot Edison also now holds three contiguous East Mediterranean deepwater exploration blocks. The Italian firm signed up for the North Port Fouad block with Irish independent Petroceltic in the la...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Payment Problems, And Solutions
...ll raise production by 160mn cfd and 5,600 b/d of condensate by 2017. Dana plans to drill 37 new wells and do work over at an equivalent number of existing wells. The investment drive will result in 8-9mn barrels of additional condensate, says the firm. Italy’s Edison has come to a similar ag...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Algeria Bid Round Flatters To Deceive
...erator at Timissit with a 30% stake, with Shell holding 19% and Algerian national oil company Sonatrach taking up its mandatory 51% stake. The consortium plans to drill two exploration wells and conduct seismic surveys until 2017. While the block is not thought to contain any shale deposits, it lies cl...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Jordan Launches Bid Round
...other technically proficient player takes its place at Risha. In the west of the country privately-owned minnows Korea Global Energy Corporation and Enegi of the UK will undertake exploration of the nearly 7,000 sq km Dead Sea block. A four-year exploration phase will run until 2017, during which th...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Bahrain Plans Advance
...tional Oil and Gas Authority (NOGA) later opted for a less ambitious target of 360,000 b/d. Even the revised plan is about two years behind its original schedule: MEES reported previously that the expansion would be executed in two waves, with new and replaced units coming online between 2017 and 20...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
BP, CNPC Bag Improved Rumaila Terms As Iraq Slashes State Stake
...e oil ministry is negotiating a lower PPT with Malaysian Petronas, operator of the Garraf oil field in Thi Qar province with partners Japex and the North Oil Company. Garraf entered into production in 2013 at a rate of 35,000 b/d and the PPT was set at 230,000 b/d to be attained by 2017. When Ir...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
Qatar Hires Rigs In Boost To Crude Output Plans
...Congo. This is expected to come online next year and ramp up to about 140,000 b/d by 2017. QPI’s working interest will be about 16,000 b/d of crude and just under 5mn cfd of gas (MEES, 24 May 2013), offsetting potential declines at home. Early this year, QPI bought 23% of the ultra-deep water Pa...
Volume: 57Issue: 37Published at Fri, 12 Sep 2014 -
BP Agrees Lower Rumaila Plateau As West Qurna-2 Ramps Up
...okesman for BP, operator of Rumaila, Iraq’s largest oil field, confirmed that a final agreement on lowering PPT for Rumaila had been signed in the presence of CEO Bob Dudley on 4 July. The plateau has been revised down to 2.1mn b/d from a previous 2.85mn b/d, originally scheduled for 2017. “We are ve...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Qatar’s Barzan Gas Faces Delay
...ntinue to enjoy surplus gas in the domestic market through 2017 (MEES, 13 December 2010). Liquids Boost Construction of the first train is 95% complete, according to RasGas. In addition to the gas increment, the project will boost Qatar’s condensate and NGLs production: Barzan’s gas is very wet an...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Egypt Bid Round Yields First Results
...derway: last month, work began on expanding the Midor refinery, which will add 60,000 b/d in capacity from 2017, whilst a massive upgrade to the Cairo refinery is set to half diesel imports. Egypt Fights Gas Deficit While the shortage in petroleum products is rooted in downstream deficiencies, Eg...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
Leviathan Development Gathers Pace As Partners Sign Third Sales Deal
...serves, 6.6tcf Is Earmarked For Phase 1 Development. ^Tender Closes November 2014. Tamar: 2bn Cfd By 2017 At Tamar, Noble’s other key Israeli offshore field, Noble says it will double capacity to 2bn cfd by the end of 2017. Indeed debottlenecking recently raised Tamar’s capacity by 10% to 1.1bn cf...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
RWE Dea Boosts Egypt Gas Output, Russian Sale Advances
...souq. It is also a minority partner in the 50bn cu ms BP-led West Nile Delta offshore project, which the two companies hope to develop by 2017. Collapsing output means Egypt faces a chronic near-term gas shortage. It hopes to relieve this with the planned start of LNG imports in December, after ag...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014