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Oil Review Middle East ORME

LUKOIL looking to the Middle East to boost reserves

LUKOIL is looking into replacing its reserves over the medium term and is considering acquiring new assets to achieve this, including from the Middle East region.

Morocco makes further gas discovery

Circle Oil PLC announced that the ADD-1 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Rharb Basin, Morocco.

New production targets outlined by Shell

Shell released its annual report which set out new production targets at the end of the Q1 as the major oil giant looks to produce 3.7 million barrels of oil equivalent (boe) per day, which is 12 per cent more oil than it did produced last year.

Iraq announces November bidding round

International oil and gas companies will compete for access to another 12 oil and gas projects in Iraq in November, this time to prospect on exploration blocks.

MIS Group wins contract

UAE-based MIS Group (Maritime Industrial Services-MIS) has signed a contract with Polish shipbuilding yard CRIST S.A.