Production News

Saudis Wonít Start Pumping Oil from New Fields
Saudi Arabia >> 12/5/2011 - Saudi Arabia wonít start producing oil right away from new fields and will adjust its crude output according to the marketís needs, said Ibrahim al-Muhanna, an adviser to the nationís oil minister. ...
OMV Libya Output Back to Half of Prewar Level
OMV Libya Output Back to Half of Prewar Level Libya >> 12/2/2011 - Austrian energy group OMV's output from Libya has reached half the level it was before the civil war halted production, Chief Executive Gerhard Roiss said.

"At the moment we are at 50 perce...
Lukoil Approves Strategic Development Prog Till 2021
Iraq >> 12/1/2011 - The OAO LUKOIL Board of Directors held a meeting in Moscow to approve the LUKOIL Group Strategic Development Program for 2012-2021. According to the Program, the key objective of the Company for the p...
Gazprom Launches Production in Medvezhye Field
Russia >> 12/1/2011 - A comprehensive gas treatment unit (CGTU-N) and 20 wells have been put onstream. In 2012 the area will reach the projected output of 2.3 billion cubic meters of gas and over 5 thousand tons of gas con...
KOC Drills 418 New Wells in 2010-2011
Kuwait >> 12/1/2011 - Board Chairman and Managing Director of Kuwait Oil Company (KOC) Sami Al-Rashid said his company drilled 418 new wells in the FY 2010-2011. "The figure far exceeded the previously targeted 255 wells,"...
Shell 115,000 bpd Nigeria EA Field Down for Work
Nigeria >> 11/30/2011 - Shell said it shut down its offshore Nigerian EA crude oil field, which can produce 115,000 barrels per day (bpd), on Nov. 9 for several weeks for planned maintenance work. ...
VOG Provides Operational Update in Logbaba Project
Cameroon >> 11/29/2011 - Victoria Oil & Gas Plc announces that the Production Facilities at the Logbaba site, which will treat the gas from the wellheads and separate the condensate, are mechanically complete. Pre-commissioni...
Libya's Waha Oil Begins Output at Two Fields
Libya's Waha Oil Begins Output at Two Fields Libya >> 11/28/2011 - Libya's Waha Oil, a joint venture with U.S. firms ConocoPhillips, Marathon and Amerada Hess, has begun crude oil prodution at the Dahra and Samah fields at a rate of 16,000 barrels per day, the Nation...
Gazprom & Yakutia to Create Gas Production Center
Russia >> 11/28/2011 - The Gazprom headquarters hosted a joint meeting of the working group of Gazprom and the Republic of Sakha (Yakutia) Government. The meeting was moderated by Viktor Timoshilov, Head of the East-Oriente...
Iraq Clinches $17 Bln Flared Gas Deal with Shell
Iraq >> 11/27/2011 - Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi to capture flared gas at southern oilfields, a project that should boost production of badly needed electricity. The 25-year ...
Iraq Crude Production Hits 2.95 Mln Bpd
Iraq >> 11/27/2011 - Iraq's crude production has reached 2.95 million barrels per day and is expected to hit 3 million by the end of the year, Oil Minister Abdul-Kareem Luaibi said. Exports have averaged 2.185 million bpd...
Cameroon Eyes 50 Pct Hike in Oil Output in 2012
Cameroon >> 11/27/2011 - Cameroon could produce some 36.5 million barrels of oil next year, the equivalent of 100,000 barrels a day and over 50 percent up on the "conservative" estimate of the central African state's 2012 bud...
Syria Produces 2.4% Less Crude Oil in 2011 Starting
Syria >> 11/23/2011 - Syria, which is trying to halt a decline in its oil production amid a wave of deadly unrest and sanctions, pumped 2.4 percent less crude in the first nine months of this year compared with the same pe...
IGTC Capable to Deliver 750 mcm of Gas per Day
IGTC Capable to Deliver 750 mcm of Gas per Day Iran >> 11/23/2011 - Expressing satisfaction with the operations of the transmission network, Almasi told Shana reporter on Monday that all the gas facilities including gas compressors and gas pipeline network are ready t...
Start Production of Bouri Field
Libya >> 11/22/2011 - Mellita oil and gas Company announces on Tuesday, November 22, the start operation of the offshore Bouri field, at production rate of 10 thousand barrels from the platform No. 4 (DP4) and the product...
Total Inaugurates Pazflor Deepwater Development
Total Inaugurates Pazflor Deepwater Development Angola >> 11/22/2011 - The giant Pazflor development, which lies 150 kilometres offshore Luanda in Angola, was inaugurated at a ceremony attended by Jose Botelho de Vasconcelos, Angola's Minister of Petroleum, Manuel Vicent...
Saudi Aramco Says Wonít Raise Oil Output Until 2015
Saudi Arabia >> 11/21/2011 - Saudi Arabian Oil Co., or Saudi Aramco as the state-run company is known, wonít raise crude production capacity until at least after the Manifa field begins pumping, Chief Executive Officer Khalid Al-...
Aramco has no Plan to Raise Capacity to 15 Mln bpd
Saudi Arabia >> 11/21/2011 - Saudi Aramco has no current plans to increase its oil production capacity to 15 million barrels per day (bpd), its chief executive said. ...
Pakistan Officially Asks More Natural Gas from Iran
Iran >> 11/20/2011 - Pakistan officially demands more natural gas from Iran, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. ...
Tethys Petroleum Signed MOU with Uzbekneftegaz
Uzbekistan >> 11/18/2011 - Tethys Petroleum Limited has signed a Memorandum of Understanding ("MOU") with the Uzbek State oil and gas company, National Holding Company "Uzbekneftegaz" ("UNG") establishing a programme for Tethys...

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