MENA upstream in brief

Table of contents

• TotalEnergies sanctions Marsa LNG bunkering project in Oman
• Shell and PETRONAS approve Phase 11 development of Egypt’s West Delta Deep Marine
• Benchmarking the Middle East NOCs against the Supermajors
• SDX Energy sells its interest in West Gharib Area for US$6.6 million
• Eni reduces stake in Ghasha
• Aramco in the running to buy international LNG player as it pulls the plug on domestic rig contracts
• Egypt to import LNG again amid gas-crunch
• Iraq sets to double gas imports from Iran
• ADNOC Gas' grand plans
• Federal Iraq could export crude via Turkey
• Aramco awards US$7.7 billion contracts for Fadhili gas expansion
• Is the door opening to Kuwait's offshore acreage?
• Egypt’s highly anticipated Orion-1 well comes in dry
• Iran upstream bonanza: US$13 billion contracts for oil fields
• Israeli private investor increases stake in Tamar field
• Iraq's Sealine 3 project to increase export capacity
• US$500 million Bahrain field boost
• Aramco publishes annual results and confirms abandonment of its oil capacity target
• ADNOC issues LNTP for Ruwais LNG
• ADNOC/BP deal with Israel’s NewMed Energy suspended
• Iran finalized US$20 billion deal to tackle pressure drop at South Pars
• QatarEnergy expands Orange sub-basin position in South Africa
• Saudi Arabia extends its 1 million b/d voluntary cuts until June
• ADNOC closes acquisition of 24.9% stake in OMV
• Energean’s Karish North field starts up offshore Israel
• Sonatrach starts commercial production at Ain Tsila gas development
• Libya signals plans for licensing rounds
• Saudi Aramco boosts reserves at unconventional Jafurah Basin
• QatarEnergy launches 16 mmtpa North Field West Expansion
• Israel’s Tamar partners approve second capacity expansion
• Iran to seal US$14 billion deals with local firms, boosting oil and gas output
• ADNOC and BP to form new joint venture in Egypt
• Iraq invites Gazpromneft to develop the Nasiriyah oil field
• Iran starts production from a joint field with Iraq
• US$6 billion boost for Qatar's largest oil field
• Jordan plans to ramp up gas production at the Risha field
• ADNOC Gas signs long-term LNG SPA with GAIL
• TotalEnergies advances its LNG bunkering plans in Oman
• Saudi Aramco abandons its plan to raise oil production capacity
• Iran’s gargantuan gas ambitions
• Iran plans to cease routine gas flaring by 2026
• ADNOC ups its low carbon budget to US$23 billion
• Upstream reshuffling in Kurdistan: TAQA exits while HKN Energy doubles down
• Momentum builds at Tethys' Block 56 in Oman
• ADNOC acquires a 10.1% stake in CCUS player Storegga
• CCED acquires two new blocks in Oman
• Lebanon launches its third offshore licensing round
• Harbour Energy enters MENA region with Wintershall Dea deal
• ADNOC and ENN sign first LNG sales agreement linked to Ruwais LNG
• ADNOC buys out majority stake in low-carbon ammonia producer Fertiglobe
• Tunisia and Libya offer Zarat field and joint maritime exploration acreage
• Iran wants to increase its oil production to 3.6 million b/d
• Energean partners with Chariot in Moroccan Anchois gas development
• Libya’s NOC states US$17 billion is required to achieve its 2 million b/d target
• OPEC+ cuts deeper as Saudi extends voluntary cuts for the third time
• Medco Energi is confirmed as buyer for OQ's Blocks 60 and 48
• KUFPEC to sell Norwegian business to Orlen
• INPEX to sell Eridu stake in Iraq’s Block 10 to LUKOIL
• Oman LNG signs an LNG supply deal with BP
• Shell makes gas discovery offshore Egypt
• Saudi Aramco produces first gas from unconventional South Ghawar field
• Iran touts shale oil resources
• Israel gives go-ahead for Tamar to resume production
• ExxonMobil exits West Qurna-1 in Iraq
• Small pipeline with big implications for gas in Kurdistan
• Kuwait set to break gas records
• Saudi Aramco confirms international LNG entry during Q3 results
• Iran plans to sustain production at South Pars
• Qatar signs second 27-year gas supply deal with Sinopec
• Iraq pushes a new gas development
• BP, Eni and SOCAR winners in Israel’s 4 th Offshore Bid Round
• Oman LNG extends partnerships and agrees to a new supply pact
• OQGN completes Oman's largest-ever IPO
• QatarEnergy signs 27-year LNG SPA with Eni
• Kuwait’s crude oil exports plunge as refining capacity builds up
• Saudi Arabia’s crude oil exports plummet in August
• ADNOC Gas signs a new LNG supply agreement with JERA
• Crescent Petroleum kick-starts new gas projects in Iraq
• QatarEnergy signs two 27-year LNG SPAs with Shell
• Blow for Lebanon as Block 9 exploration well comes in dry
• Saudi Aramco sanctions the second phase of Jafurah Basin
• Iran explores new horizons for oil and gas growth
• Iraq signs a preliminary gas import agreement with Turkmenistan
• The Halfaya gas processing plant in Iraq reaches mechanical completio n
• QatarEnergy signs long-term LNG SPAs with TotalEnergies
• Israel’s Energy Ministry orders shut down of Chevron’s Tamar gas field
• ADNOC awards a US$400 million contract for Ruwais LNG
• ADNOC sanctions Hail and Ghasha: the largest FID globally by capex in 2023
• Iraq-Turkey pipeline gets closer to a restart but obstacles remain
• Iraq set to amend West Qurna-2 Technical Service Contract terms
• Rounds 5+ and 6: Iraq offers more blocks for exploration
• Saudi Aramco enters global LNG business by acquiring stake in MidOcean Energy
• Iraq secured funding for its Sealine 4 and Sealine 5 projects
• Iran begins the development of a new gas field in the Northeast
• Iraq’s sixth licensing round deadline set to January 2024
• Egypt’s EGAS wastes no time announcing block awards
• Akkas gas field to be developed by a Ukrainian company
• Turkey countersues Iraq as the Iraq-Turkey Pipeline (ITP) dispute drags on
• Egypt launches 2023 exploration bid round
• KUFPEC farms into Shell’s North El Amriya block offshore Egypt
• PKN Orlen and RAK Gas encounter gas at Block 5 in Ras Al Khaimah
• OQ divests 40% in Blocks 60 and 48
• Saudi Arabia to extend voluntary cuts to end 2023
• Sonatrach starts up Southwest Phase 2 fields
• ADNOC sanctions UAE's second CCUS project
• Déjà vu as SDX Energy eyes second Egypt exit
• Iran’s giant South Pars field starts production from its final phase
• Lebanon’s second offshore exploration well kicks off, targeting prolific gas play
• Cheiron makes another oil discovery in Egypt’s Gulf of Suez
• ADNOC Gas signs LNG supply agreement with JAPEX
• Saudi Aramco earnings slip; new free cash flow-linked dividend is confirmed
• Saudi Arabia to extend voluntary cuts into September
• ADNOC to acquire 30% equity stake in Absheron gas field
• Majors revoke force majeure on Libyan assets
• Genel Energy intends to exit the Sarta PSC in Kurdistan
• Chariot secures Moroccan onshore exploration licence
• Chevron completes successful Aphrodite gas appraisal in Cyprus
• ADNOC LNG signs Heads of Agreement with India
• Iraq oil export expansion project could go ahead
• TotalEnergies finalises mega deal in Iraq
• TotalEnergies achieves improved fiscal terms for Algerian projects
• Shell and PETRONAS sanction Phase 10 of Egypt’s West Delta Deep Marine Development
• Saudi Arabia and Kuwait claim exclusive rights on disputed gas field
• Saudi Arabia and Russia team up for additional cuts
• PETRONAS intends to exit Gharraf in Iraq
• Israel’s Leviathan partners sanction expansion phase
• Eni’s Algerian growth continues with acquisition of Neptune Energy Group
• QatarEnergy signs large long-term SPA including equity participation with CNPC
• Iraq announces another bid round
• Sound Energy in talks with Calvalley Petroleum for Moroccan Farm-down
• Eni and Libya sign MoU to reduce upstream emissions
• Chevron submits optimised Aphrodite development plan in Cyprus
• OPEC+ tackles the outdated baseline: only Abu Dhabi gets an upgrade
• Bangladesh signed a 1.5 mmtpa long-term SPA with QatarEnergy
• Wintershall Dea makes gas discovery onshore Egypt
• Iraq’s Akkas gas field up for grabs
• Round 5.2: Iraq offers small fields for development
• QatarEnergy sanctions the largest LNG project this year
• Aramco Q1 results: challenges of blue hydrogen laid bare
• Israel sanctions new overland export pipeline to Egypt
• Fujairah LNG is moving to Ruwais
• Woodside Energy joins Chevron in two exploration blocks offshore Egypt
• Panoro Energy acquires sole ownership of its Tunisian business
• First Chinese company to enter giant North Field East
• Sonatrach announces six Algerian discoveries
• TotalEnergies’ Iraq Gas Growth Integrated Project (GGIP) is back on track
• Kurdistan region and federal Iraq governments sign an agreement to resume northern exports
• Libya’s National Oil Corporation puts Erawin onstream – its first development since 2011
• Kurdistan oil exports suspended as Iraq wins arbitration case against Turkey
• ADNOC and BP offer to buy 50% of Israel's NewMed Energy
• Egypt-focused companies fall short of 2022 production guidance
• Oman advances its 2023 bid round
• Swedish independents on a roll in Oman
• Déjà vu for Genel Energy as it downgrades Sarta reserves
• Iraq’s Cabinet approves the draft budget, with an allocation expected for key energy sector projects
• Aramco to maintain ‘upstream pre-eminence’ with trio of oil mega-projects
• ADNOC Gas goes public in the world's largest IPO this year
• Energean starts production from North El Amriya offshore Egypt
• Eridu – Iraq’s new super-giant oil field gets the go ahead
• Egypt launches brownfield Gulf of Suez and Eastern Desert bid round
• TotalEnergies acquires CEPSA’s UAE assets
• Iraq concludes Round 5
• Devastating earthquakes in Türkiye and Syria put energy infrastructure at risk
• Iran looks beyond South Pars for gas growth
• TotalEnergies’ Iraq mega deal in doubt
• Eni sanctions US$8 billion offshore Libyan gas development
• Oman's Mabrouk NE starts production
• Chevron's Nargis blooms in Egypt's Nile Delta
• ExxonMobil awarded two deepwater blocks offshore Egypt
• Apex acquires Eni’s producing Western Desert blocks
• Zenith Energy signs SPA to acquire OMV Yemen
• Egypt’s EGAS launches bid round
• Mubadala sells down equity in Israel’s Tamar field
• Eni makes third gas discovery offshore Cyprus with Zeus-1 well
• ADNOC acquires stake in OMV from Mubadala
• Israel launches its fourth offshore bid round
• Chevron to expand Israel’s Tamar capacity
• Petronas wins Abu Dhabi unconventional onshore block
• UAE reveals COP 28 agenda: maximum energy, minimum emissions
• BP awarded two new exploration blocks in Egypt’s Nile Delta
• QatarEnergy signs 27 year 108 Mt LNG SPA with Sinopec
• TotalEnergies and ConocoPhillips complete acquisition of Hess’ 8.16% interest in Libya’s Waha fields
• Energean bolsters its Israeli resources
• QatarEnergy completes its North Field expansion line-up
• Aramco posts record cash flow from higher prices and volumes
• ConocoPhillips joins Qatar’s North Field South (NFS) project
• Sarsang expansion boosts Kurdistan oil output by 25 kb/d
• Energean produces first gas from Israel’s Karish field
• Shell expands its Qatar LNG position
• QatarEnergy awards major compression project to Saipem
• Israel and Lebanon agree offshore border
• Eni brings Algeria’s South Berkine onstream in record time
• Energean announces gas discovery at Hermes-1 well
• Chevron spuds Nargis prospect offshore Egypt
• Capricorn reaches new merger agreement: this time with NewMed Energy
• TotalEnergies moves first to expand its LNG portfolio in Qatar
• Mubadala's gas portfolio strengthened by Sarawak discovery
• Shell and TotalEnergies sign an EPSA for Block 11 in Oman
• TotalEnergies completes its exit from Kurdistan
• Eni to acquire BP’s Algerian assets
• Capricorn downgrades Egyptian production guidance
• Eni makes large gas discovery with Cronos-1 well in Cyprus
• Energean spuds Hermes-1 offshore Israel
• Aramco outlines 13 million b/d oil expansion plan
• Eni doubles resources at its Abu Dhabi discovery
• ADNOC awards itself major contracts for Hail & Ghasha
• Algeria’s Sonatrach announces three new discoveries in exceptional year for discovered resources
• ExxonMobil closes in on Iraq exit
• Occidental, Eni and TotalEnergies agree new terms for Algerian projects
• VAALCO to merge with Egypt-focussed TransGlobe Energy
• Shell joins Qatar’s giant North Field East LNG project
• Sonatrach makes multi-tcf gas discovery near Hassi R’Mel
• BP snaps up King Mariout Offshore block offshore Egypt
• ExxonMobil gets a share in Qatar’s giant North Field East LNG project
• Qatar selects ConocoPhillips in the North Field East LNG project
• Eni joins TotalEnergies in Qatar’s giant North Field East LNG project
• EU signs MoU with Israel and Egypt to increase gas imports
• Aramco sets interim 2035 carbon emissions plans
• TotalEnergies secures a stake in Qatar’s giant North Field East LNG project
• Iran-Oman gas pipeline project revived
• Tullow and Capricorn merge to form leaner Africa energy player
• JGC wins major Saudi contract for Zuluf heavy oil increment
  • Sinopec signs new production sharing agreement for Algeria’s Zarzaitine oil field
  • Abu Dhabi exploration success spurs on
  • Shell acquires North East El Amriya exploration block offshore Egypt
• Aramco delivers record quarterly results
• ADNOC awards Fujairah LNG FEED contract
• Energean still hopeful after Athena gas discovery comes in below expectations
• Wintershall Dea increases stake in Algeria’s Reggane Nord gas field
• QatarEnergy finalises contracts for 32 mmpta North Field East expansion
• Libya shuts in nearly half a million barrels per day of oil
• More exploration success for Eni in Egypt’s Western Desert
• Eni and Egypt’s EGAS sign gas framework agreement
• Can Egypt squeeze out more barrels with new fiscal terms?
  • QatarEnergy farms into ExxonMobil’s North Marakia block offshore Egypt
  • Sonatrach makes large oil discovery near Algeria’s giant Hassi Messaoud
• Eni and Sonatrach announce Berkine Basin oil discovery in Algeria
• Aramco's earnings more than double
  • BP reported to be nearing sale of Algerian assets
  • Focus on OPEC+ as Ukraine crisis deepens
  • Energean spuds Athena-1 well offshore Israel
  • Israel to increase gas exports to Egypt - this time via Jordan
• Dragon Oil breathes fire into Egypt’s Gulf of Suez with exploration success
  • Eni discovers gas offshore Abu Dhabi
  • Wintershall Dea exits Egypt’s Suez Oil Company Fields
• Iraq’s Block 9 (Faihaa) project gets the go ahead
• TransGlobe bets big on Egypt with new improved terms
  • Chariot announces appraisal success with Anchois-2 offshore Morocco
  • Eni dominates Egypt’s muted bid rounds
• Apache’s Egypt output set for a rebound
• Libya’s shut-ins resume
  • Eni signs agreement with Sonatrach to develop Berkine Basin fields in Algeria
• INPEX makes a discovery onshore Abu Dhabi
• Egypt’s Red Sea attracts new explorers
• Genel accepts termination of Bina Bawi and Miran PSC, Kurdistan
• Wood wins major Saudi oil expansion FEED award
• Aramco agrees US$15.5 billion gas pipeline monetisation
• ADNOC upgrades its oil and gas reserves
• EOG’s unconventional exploration well in Oman is seen flaring
• Lebanon (re)launches its offshore licensing round
• Saudi Aramco awards US$10 billion contracts to developJafurahunconventional gas
• ConocoPhillips and TotalEnergies to acquire Hess' interest in Libya's Waha concessions
• ADNOC takes a leading role in renewables and low-carbon hydrogen production
• ADNOC awards EPC contracts for Dalma Gas Development Project
• LUKOIL declares commerciality of Eridu field, Iraq
• Aramco's earnings soar
• Eni adds fresh barrels to Egypt’s Western Desert
• Saudi Aramco sets 2050 net zero target
• ADNOC LNG looks toFujairahsite for newliquefactionfacility
• Is exploration coming back to Libya?
• Qatar Petroleum rebrands as QatarEnergy
• Saudi Aramco puts timeline on oil capacity expansion
• Shell completes the sale of its onshore Egypt portfolio
• Iraq launches Nassiriyah gas project after years of delay
• Saudi Aramco resurrects its 600 kb/dZulufoilexpansion
• BP to partner ADNOC and Masdar on clean energy initiatives
• Pharos farms down in Egypt to IPR Energy
• Delek Drilling sells its remaining stake in Tamar to Mubadala
• TotalEnergies bets big on Iraq
• TAQA to sell oil and gas assets?
• Russian companies to double-down on Iraq?
• Israel will stop issuing new onshore exploration licences
• Abu Dhabi concludes its second exploration bid round
• Genel responds as KRG moves to terminate Miran and Bina Bawi PSCs
• Over US$1 billion in contract awards for Al Shaheen’s Gallaf Project, Phase three
• Saudi Aramco profits surge
• How will the political upheaval in Tunisia impact its upstream sector?
• Iran inaugurates onshore oil pipeline
• OPEC+ reveals the cuts end game
• Oman to launch 2021 licensing round
• Déjà vu as TotalEnergies exits Kurdistan for the second time
• Eni award facilities expansion contract at Zubair oil field, Iraq
• Qatar Petroleum's strategic partnership with TotalEnergies deepens
• Eni spuds delayed exploration well offshore Bahrain
• Qatar Petroleum enters Suriname
• Skikda LNG in Algeria goes offline due to failure at control system
• Kuwait's Al-Zour terminal seeks commissioning LNG cargo
• Momentum continues in Abu Dhabi with Shah award
• Algeria finally approves TotalEnergies’ acquisition of Repsol’s stake in TFT
• MENA podcast: Violence in Gaza and Israel affects the upstream sector
• Belbazem development award: the first of many?
• Energean pushes back Karish’s start-up date offshore Israel
• Farzad Bgas giantgets the goahead
• South Sudan launches its first licensing round
• Apache to consolidate its Egypt Western Desert assets
• Shell to wrap up its Tunisian portfolio
• MENA podcast: Issues and new opportunities in Iraq's gas sector
• Mubadala to acquire Delek Drilling’s stake in Tamar
• Dana Gas’ sale of Egyptian assets falls through
• BP produces first gas at Egypt’s Raven field
• Sinopec win tender to develop Mansuriyah gas field, Iraq
• Sonatrach issues termination notice for Sunny Hill Energy at Ain Tsila
• Saudi Aramco raises US$12.4 billion in oil pipeline deal
• Qatar Petroleum's Q1 2021 Qatar upstream activity in review
• Qatar Petroleum farms-in to ultra-deepwater blocks offshore Namibia
• Qatar Petroleum to take on 100% ownership of Qatargas-1 in 2022
• MENA podcast: Shell announces the sale of its onshore assets in Egypt’s Western Desert
• Saudi Aramco boosts upstream capex by 40%
• Egypt goes all-in with two licensing rounds
• Cyprus and Israel agree on a framework to unitise Aphrodite
• Shell announces the sale of its onshore assets in Egypt’s Western Desert
• MENA podcast: Qatar Petroleum sanctions largest LNG project in history
• Eni lifts first cargo at Egypt’s SEGAS LNG plant
• DNO acquires ExxonMobil’s stake in the Baeshiqa license, Kurdistan
• Qatar Petroleum sanctions largest LNG project in history
• Libya chooses new executive authority
• PTTEP agrees to buy 20% stake in Oman’s Khazzan project from BP
• MENA podcast: Energean on a FID spree in the East Mediterranean
• Energean on a FID spree in the East Mediterranean
• Qatar and Gulf neighbours settle dispute
• MENA podcast: The OPEC+ saga
• First oil from Halk el Menzel offshore Tunisia
• Pharos Energy looking to sell its Egyptian assets
• Mahanicomesonstream in Sharjah Emirate
• Four new discoveries announced in Saudi Arabia

Tables and charts

This report includes 247 images and tables including:

• West Delta Deep Marine gas production
• SDX’s Egyptian portfolio by value*
• Ghasha Contract Area capex by category (real, 2024)

What's included

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• MENA upstream in brief

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