Exploration & Production

PDO production levels soared in 2011

PDO_productionPDO's 2011 production reached the second highest level in its history with production levels hitting 1,206,000 barrels oil equivalent per day (boe/d).

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Eni’s production in Libya recovers

Libya_oilItaly's Eni reported its 2011 net profit rose 9.1 per cent to US$9 billion thanks to higher oil prices and faster recovery of its Libyan output.

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Total looking to accelerate production

Total_productionTotal posted a 7 per cent increase in profit on higher crude prices and announced that its net income for 2011 was US$15.9 billion, a 17 per cent increase over 2010.

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Kuwait Energy makes another discovery in Egypt

oilfieldKuwait Energy has made an oil well discovery in the Western Desert in Egypt.

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Iran starts production on shared oilfields

Iran_oilfields_3Iran started preliminary production in the Yadavaran oilfield in the southwest that is shared with Iraq, with the opening of a first well.

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