Iran has outlined a US$2.2bn plan to develop a field shared with Iraq to produce 50,000 bpd, an official source said, marking the first introduction of major energy projects under a new contract
Exploration & Production
BGP begins 3D seismic shoot over Kuwait Bay
China’s geophysical service company BGP has begun a 3D transition zone survey for Kuwait Oil Company (KOC) over Kuwait Bay
Oman’s crude production hits record one million bpd
For the first time, Oman’s daily production of crude oil and condensate oil rate exceeded one million bpd, which is the highest according to the Ministry of Oil and Gas
‘OPEC oil production of 31.4mn bpd highest since August 2012’
Oil production by OPEC nations in July has totalled 31.4mn bpd, up 120,000 bpd from June 2015
Saipem awarded multi-billion contract for Kuwaiti refinery
Italy’s Saipem-led consortium has been awarded a US$1.57bn contract to build storage tanks and pipelines for the al-Zour refinery in Kuwait
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