Exploration & Production

Regional refineries boost production


Arab refineries have boosted production by nearly 633,000 barrels per day (bpd) over the past four years as they are pushing ahead with projects to expand capacity to meet growing domestic consumption and external demand.

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Statoil aims for 2.5 million boepd production by 2020


Statoil expects to raise production from around 1.9mn bpd of oil equivalent in 2010 to more than 2.5 million boepd in 2020.

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Saipem seals new E&C offshore deal in Egypt


Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of US$1 billion.

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Tethys accelerates Oman programme


The development and exploration program on Blocks 3 and 4 onshore the Sultanate of Oman accelerated after a second drilling rig has been contracted.

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Kuwait Energy finds two new oil discoveries in Egypt


Kuwait Energy Company discovered two new oil discoveries in the East Ras Qattara (“ERQ”) concession located in Egypt’s Western Desert.

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