Corporate

Kuwait’s 4mn b/d 2020 target looks unattainable with Neutral Zone fields still offline. But plans for the rest of Kuwait to hit 3.65mn b/d are achievable. Longer term, a major planned Jurassic Gas facility is to be replaced with smaller modular plants.

Kuwait Oil Company CEO Jamal Jaafar spoke exclusively to MEES on the sidelines of this week’s CWC Kuwait Oil and Gas conference. He unveiled plans for a new contract model for offshore development and how Kuwait aims to increase production without breaching Opec obligations.

Last year’s merger of Abu Dhabi state firms Mubadala and IPIC yielded a $125bn behemoth. The dust has now settled, and Mubadala is splashing the cash.

With two big domestic petchems complexes operating, Aramco has ambitious plans which could expand its internationl chemicals capacity more than fivefold.

Undeterred by the ongoing conflict, OMV has restarted production at its Habban field in the Shabwa basin in the center...

Saudi 70mn t/y petchems giant Sabic has started up two JV plants at Jubail on the Gulf coast, part of...

Eni is pressing on with investment in Libya. But most is offshore and in wet gas fields. At key onshore oil fields an output slump is already underway.

For a publicly quoted company, Eni can play remarkably fast and loose with the numbers. If MEES is somewhat skeptical...

Abu Dhabi’s first ever licensing round is aimed at further broadening its partner base after successfully bringing six new IOCs into its upstream sector in recent years.