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Chevron’s Neutral Zone Steam Injection Project To Cost $10-15Bn
...mping up steeply from first steam injection in 2017 to 100,000 b/d by mid-2019 and 300,000 b/d by end-2021, reaching full output in about 2026. This would plateau for two or three years before falling to 300,000 b/d by about 2040. Production from the Neutral Zone’s four onshore fields, South Umm Gu...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Final Phase In Battle Of The Caspian Gas Pipelines
...stern Thrace via Ukraine, Romania and Bulgaria. Ankara plans to make up for this loss by increasing its LNG imports to augment the flow of Russian gas via the Blue Stream pipeline until it can begin receiving the Shah Deniz Stage 2 gas in 2017. TANAP Twist The second of these developments was the an...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Gulf Arab Producers: We Can Guarantee Energy Security
...troleum (QP) to build a $6.4bn petrochemical plant to produce 1.5mn t/y of monoethylene glycol and 300,000 t/y of olefins (see page 17). If the final investment decision is taken the two firms will form a joint venture (Shell 20%, QP 80%) by the end of 2012 and start commissioning the plant in 2017. Qa...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011 -
Qatar Raises $5Bn In Bonds, Defying Unstable Market
...turity Amount ($Bn) Price (BPS Over Treasuries) Yield (%) Coupon (%) November 2011 Issue Jan 2017 2 225 3.18 3.125 Jan 2022 2 262.5 4.63 4.5 Jan 20...
Volume: 54Issue: 49Published at Mon, 05 Dec 2011 -
MENA Turns To Solar Power For EOR As Well As National Grids
...the Neutral Zone, whose production is shared 50:50 by Kuwait and Saudi Arabia. Chevron says it could increase production by an additional 500,000 b/d. A final investment decision on the full field steam injection program is scheduled for late 2014, with first injection scheduled for late 2017. So...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Risk At Center Of Oil Industry Outlook
...emselves. Some of the equipment is over 50 years old. This should have been the priority, not increasing production capacity.” He said that contracts in place in Iraq were intended to raise total production capacity to 13.2mn b/d by 2017, “but none of the institutions now accept this plan. The Ministry of...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Turkey Allows Russian Gas Import Deal To Expire In Move To Open Up Market
...ojects have submitted bids for Stage 2 gas from the offshore Shah Deniz gas field, due to come on-stream in 2017 (MEES, September 26). Production of Shah Deniz 2 gas is set at 16 bcm/y, of which Turkey has already been allocated 6 bcm/y. Turkey’s Natural Gas Sale And Purchase Agreements Ag...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Gulf Turns To Unconventional Gas To Ease Shortage
...e Middle East and North Africa have 2,548 trillion cu ft of shale gas and 823 tcf of tight sandstone gas in place. Bahrain will face a peak gas demand deficit by 2015 and an average annual deficit by 2017, according to a presentation by 'Abd al-Abi Mukhtar, Manager of Deep Gas Exploration for st...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Qatar Faces Challenge of Complex, Changing European Gas Market
...lling LNG at prices lower than Qatar’s. A lowering of costs in Asia-Pacific when Australia becomes the world’s leading supplier of LNG may drive Qatar LNG increasingly into the European market. Price is likely to face further competition when Canadian and US Pacific Coast LNG terminals open in 2017...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...not covered by OPEC quotas. Qatar Base-Case Condensate Supply Outlook (Mn B/D) Source Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Iraqi Hydrocarbon Tensions Ratchet Up
...e summer, while the LNG market is a winter market,” notes the source. But there is no unanimity as far as supply projections are concerned. Former ministry gas expert Asri Mousa at the July London conference gave a 2017 production figure of 7.5bn cfd. And the source estimates by that time there wi...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
BP Eyes Expansion Of 1Bn CFD Oman Gas Project
...ll-head gas, some of which will be used for power generation at the site, over one-two years. It will remain on plateau at 1bn cfd for a minimum of 10 years. The project will probably start with around 40 wells in 2016, increasing to 60 during 2017, and add 20-25 additional wells each year for 10...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
Kurdish Upstream Sector Hots Up
...rise to 125,000 b/d by 2017. * KNOC has 15% stake, but operatorship is unknown except for Hawler (Norbest)....
Volume: 54Issue: 34Published at Mon, 22 Aug 2011 -
Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific
...troChina) 2012 2016+ Train 2 4.0 2017+ Gorgon Chevron Train 4 5 Chevron 50%, ExxonMobil 25%, Shell 25...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Iraqi Gas And Power Emerges As Critical Sector
...frastructure and drawing up priorities. Even with approval of the deal, treated gas supply of around 5bn cfd will only meet demand to around 2017-18, Mr Ghadhban concedes. He estimates cabinet approval should only take one-two weeks, although consultant Asri Mousa, one of the deal’s architects, believes it co...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Kuwait Jurassic Gas: Kharafi Seeks Finance, Shell Faces Second Probe
...wer plants during peak power demand. The fractionation train – the refinery’s fifth – will have a capacity of 105,000 b/d of LPG and condensate, and 800mn cfd of ethane and natural gas. It is scheduled for start-up in 2017. The fourth train, of the same size and configuration, will be built by 20...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Kuwait Discovers More Burgan Reservoirs, Plans Water Injection
...14, with injection scheduled for late 2017,” Chevron tells MEES. Steam flooding takes time to ramp up output as the rocks slowly heat up, giving results that show how many injection wells are needed – Oxy had to double the number of wells at Muhaizna, Oman, once full field development steam in...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
New KNPC Chief And SPC Guidelines Revive Hopes For Kuwait Mega-Projects
...be taken before 2013. Potentially the project could boost Kuwait’s share of the additional Eocene 120,000 b/d by 2017. Meanwhile, KPC is also planning refineries in Vietnam (200,000 b/d), Indonesia (200,000-300,000 b/d) and China ($9bn, 300,000b/d), and is studying using Kuwaiti heavy crude as fe...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Cook: Shah Deniz 2 Consortium Looking For Scalability In Pipeline Proposals
...with their offers for pipeline transportation by 1 October 2011. Beyond that we have to take our final investment decision in 2013 and after that we expect to start gas production by 2017. The rights to the Shah Deniz field in Azerbaijan end in 2036. That may look quite far away but actually to...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Iraq Launches Exploration Round
...so of new capacity by 2017 is going to be a massive task. Expense apart, there is not likely to be the demand for such a huge expansion. Iraqi Deputy Prime Minister for Energy Affairs Husain al-Shahristani recently acknowledged that Iraq needs to sit down with its foreign partners and discuss a mo...
Volume: 54Issue: 18Published at Mon, 02 May 2011