Oil & Gas Production: Middle East

GLOBAL E&P

Shell aimed to re-start exploration drilling offshore Alaska last month, assuming sea ice had cleared.

Lukoil secures loan for Shah Deniz commitments

Lukoil has signed a 12-year credit-facility agreement with a consortium of banks to borrow $1 billion to fund its share of the Shah Deniz Stage 2 development in the Azeri sector of the Caspian Sea.

Revised Iranian contract model to be unveiled in London

The new Iran Petroleum Contract should be unveiled in December at a conference in London, according to news service Shana.

Dragon looks to add more slots to offshore Turkmenistan platforms

Dragon Oil has issued an update on construction and engineering activity for its Cheleken Contract Area fields in the Turkmen sector of the Caspian Sea.

Noble considers Aphrodite gas exports to Egypt

Noble Energy and its partners have started pre-front-end engineering and design for a potential development connecting the deepwater Aphrodite field offshore Cyprus to gas customers in Egypt.

DNO reports offshore Oman production down

Production from the Bukha field complex in block 8 offshore Oman averaged 9,000 boe/d during 2Q 2015, according to operator DNO International.

ENOC questions Dragon’s production target

Emirates National Oil Co., which has submitted a takeover bid for Dragon Oil, foresees operational challenges with Dragon’s targeted production of 100,000 b/d of oil over the next five years. 

IOCs may have to wait to re-start activity offshore Iran, report says

Analyst Wood Mackenzie says it could take Iran until end-2017 to lift its production by 600,000 b/d, despite Tuesday’s agreement by the world’s major powers to lift sanctions over the country’s nuclear activity.

GLOBAL E&P

Oil and gas production from the world's deepwater fields will grow by 7.7% annually over the next seven years according to analyst Douglas Westwood, reaching 10.2 MMboe/d in 2021.

Dragon ramps up artificial lift offshore Turkmenistan

Dragon Oil aims to procure additional water injection facilities later this year for installation on the Dzheitune (Lam) field in the Cheleken Contract Area in the Turkmen sector of the Caspian Sea.

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