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MENA upstream month in brief: 2 August 2016

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Report summary

In July an increase in Zohr's gas in place estimate was announced as development pushes forward. Total and Repsol decided to seek arbitration after failing to find an agreement with Sonatrach on the retroactive changes to their PSCs in 2006 while Engie looks to sell its Algerian assets. Libya's rival NOCs agreed to unify while Egypt's Ganope launched a new bid round. In Iran installation of 3rd platform on South Pars phase 17 18 is underway.Elsewhere in the region LPG exports began in Iraq. DNO's bid for Gulf Keystone was rejected while Gulf Keystone proposes to restructure its balance sheet. Kuwait announced plans to privatise four subsidiaries of Kuwait Petroleum Company. In Abu Dhabi ADNOC issued FEED tender documents for the development of the Hail and Ghasha sour gas fields.

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  • Document

    MENA August 2016 Data Dashboard.pdf

    PDF 159.92 KB

  • Document

    MENA upstream month in brief: 2 August 2016

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    MENA upstream month in brief: 2 August 2016

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