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MENA upstream in brief

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Report summary

The MENA upstream in brief provides Wood Mackenzie's expert opinion and analysis of the key events impacting the upstream industry in the Middle East and North Africa. We draw upon our upstream database and data tools to help deepen our clients' understanding of the region. The report primarily focuses on exploration and appraisal drilling project developments production licensing fiscal and regulatory changes geopolitics and corporate and M&A activity.

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Table of contents

  • Energean clears FID hurdle with latest gas sales agreements
  • East Med pipeline to Europe inches forward
  • Egypt's Atoll begins test production at 300 mmcfd
  • ADNOC announces US$109 billion of domestic gas and international downstream investment
  • Jordan looks to revive interest in exploration
  • Iraq opens border area licensing round
  • Meet our analysts in Cairo
  • ADNOC makes Abu Dhabi announcements
  • Severe earthquake hits northern Iran and Iraq
  • Oman's 2016 licensing round achieves 100% award success rate
  • Energean signs additional 3 Gas Sales Agreements for Israel's Karish and Tanin
  • Iran takes first step towards FLNG market entry
  • Gas mega-projects drive BP’s growth in MENA
  • Baghdad retakes control of disputed Kirkuk fields
  • Lebanon attracts two Majors in offshore licensing round. 
  • SDX more than doubles Morocco reserves
  • <span>LUKOIL and NIOC sign MoUs for exploration studies</span>
  • <span>Gas supplies restored to Yemen LNG</span>
  • <strong></strong><span>Algiers Breakfast Briefing September 2017</span>
  • <span>Khazzan project delivers first gas in Oman</span>
  • <span>Hassi Messaoud and Rhourde el Baguel set to relieve pressure on Hassi R’Mel.</span>
  • Shell exits Majnoon
  • Oman to launch 2017 licensing round
  • NIOC awards contract to capture 16 mmcfd of flared gas in Assaluyeh
  • Kurdistan settles US$2.2 billion arbitration case with Pearl Petroleum
  • Libyan oil production falters
  • DNO and Genel Energy draw a line under the Kurdistan receivables saga
  • Total boosts Algerian value through Maersk acquisition
  • Saudi Arabia continues to reduce its crude burn for power
  • GPC launch new bid round
  • NIOC qualifies six more local companies for Iran upstream tenders
  • Ghadir, Zarubezhneft and Unit International sign joint investment agreement
  • What are the drivers behind Egypt's upstream resurgence?
  • ADNOC in talks with potential ADMA partners
  • Energean signs second gas sales agreement for Karish and Tanin
  • Perenco buys offshore Tunisian field Ashtart from OMV
  • Iran inaugurates key gas pipeline to supply the Caspian region
  • Gazpromneft and Iran’s OIEC sign MoU
  • PetroChina and CNOOC preferred bidders for Iraqi 150,000 b/d Nasiriyah upstream and refinery project
  • Crest Energy completes acquisition of WesternZagros
  • Delek starts farm-out process for Tamar
  • Algeria considers new fiscal terms
  • Al Shaheen handed over to Total under new concession
  • Iraq to offer cross-border exploration and development opportunities
  • Kuwait to restart gas imports from Iraq
  • Egypt's parliament passes law regulating gas market
  • Sound Energy successful in Morocco
  • Qatar announces major North Field and LNG expansion plans
  • <strong>Total signs the first ever IPC for Iran's South Pars Phase 11</strong>
  • Atrush achieves first production
  • Libya's one million b/d milestone
  • Iran starts exporting gas to Iraq
  • Mohammed bin Salman appointed Saudi Arabia’s crown prince
  • Energean submits FDP for Karish and Tanin
  • Dodsal and JGC to help Sonatrach maintain output from Hassi Messaoud
  • Tunisian government and protesters reach agreement
  • NIOC prequalifies five more IOCs for its upstream tenders
  • Wintershall comes in from the cold in Libya
  • Qatar and UAE's strong energy relationship
  • Gazprom signs MoU to study four giant Iranian gas fields
  • Qatar energy update
  • Rosneft expands Middle East upstream position with Kurdistan agreements
  • Amec Foster Wheeler awarded contract for Marjan expansion project
  • Qatar Petroleum & Chiyoda sign LNG debottlenecking agreement
  • SDX Energy awarded Gharb Centre block in Morocco
  • Iran to add more companies to pre-qualified list
  • Energean a step closer to wildcard FID in Israel
  • Eni enters Oman’s Block 52 alongside state-owned OOCEP
  • Sound Energy doubles reserve estimate at Tendrara 
  • Shell looks to reshape its Iraq portfolio 
  • President Rouhani gets re-elected: a major step for Iran’s new contracts
  • Egypt reduces arrears to IOCs
  • What is happening to Algeria's gas balance?
  • Crest to acquire WesternZagros and take it private
  • Boost for Kurdistan as reserves upgraded at Khalakan
  • First gas at BP's West Nile Delta
  • Tunisian production hindered by social unrest
  • PICO acquires the West El Burullus Concession
  • NIOC signs two MoUs with OIEC and MAPNA on three fields
  • NIOC signs two MoUs with PNOC and IDRO on five fields
  • DNO steps up investment in Kurdistan
  • SDX Energy make South Disouq discovery
  • Iran inaugurates Persian Gulf Star Condensate Refinery
  • Shell and Repsol spud well in Algeria's Boughezoul license
  • Libya's El Sharara and Elephant fields reopen
  • Egypt ordered to pay Israeli Electric Company US$2 billion
  • Lebanon announces pre-qualified companies for licensing round
  • Kuwait Energy readies itself for a potential IPO
  • Cairo Breakfast Briefing audience poll
  • Shell enters hunt for unconventional play in Oman
  • Egypt seeking to defer some LNG import cargoes into 2018

Tables and charts

This report includes 58 images and tables including:

Images

  • Karish and Tanin contracted volumes
  • Delivered cost of gas into Europe, 2030
  • UAE gas supply and demand balance (2016)
  • Jordan exploration blocks on offer
  • Blocks on offer
  • Distance of oil and gas fields from earthquake epicentre
  • Karish and Tanin contracted volumes
  • Liquids and Gas Production by Country 2007-2025
  • Capex by Country 2007-2025
  • Remaining PV post-tax (US$M) Distribution
  • Kirkuk fields and key infrastructure
  • Blocks with bid from Eni, Total and Novatek consortium
  • Map of blocks on offer
  • NPV of settlement
  • Libya's oil producing areas and outages
  • NPV of revenue interest and equity component of settlement
  • Algerian 2017 entitlement production
  • Saudi Arabian crude burn for power
  • Map of GPC blocks on offer
  • List of prequalified Iranian companies
  • Karish and Tanin contracted volumes
  • Map of Perenco's Tunisian assets
  • Algeria's historic and current fiscal terms
  • Kuwait's gas supply and demand balance
  • Map of Sidi Moktar licence
  • South Pars Phase 11 location
  • Map of Atrush field
  • Iran's gas trade (2017)
  • Karish and Tanin, offshore Israel
  • Serinus Energy, Perenco and OMV's Tunisian blocks
  • List of 34 pre-qualified international companies
  • Libyan oil production (August 2016 - July 2017)
  • UAE gas supply and demand balance (2016)
  • Location of fields in the Persian Gulf
  • Qatar LNG exports by selected destination markets (2016)
  • Kurdistan's licencing history since 2000
  • Marjan expansion project
  • Qatar's LNG market share
  • SDX Energy's Moroccan acreage
  • Karish and Tanin contracted volumes vs remaining capacity
  • Oman top 10 acreage holders
  • Masirah Basin in relation to Block 52
  • Moroccan gas production
  • Iran's path to the first IPC
  • Egypt reduces arrears to IOCs
  • WesternZagros annual capital expenditure and entitlement production
  • Shewashan 2P reserves 2017 vs 2015
  • Annual upstream capex in Egypt
  • Tunisia oil and gas production
  • Map of offshore Nile Delta
  • Fields' location in southwest Iran
  • Tawke block
  • Iran's condensate balance (2005-2030)
  • El Sharara and Elephant location
  • Companies pre-qualified for Lebanese licensing round
  • Kuwait Energy working interest production outlook
  • Where will most Israeli gas exports (gas from phases 2 of Tamar and Leviathan go)?
  • Map showing location of Block 42

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