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May 2011

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The Lebanon International Petroleum Exploration Forum is taking place on the 29th and 30th of June 2011 in Beirut.  We look forward to participating and hope to see you there! Do come by our booth and say hello.


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Mideast Oil Recovery Enters A New Phase 

( - April 28, 2011) 



     It has always been an axiom of world energy markets that Persian Gulf oil is both easy and cheap to produce. The crude that gushes from the scorching desert sands of Saudi Arabia, for example, is widely thought to cost less than $5 a barrel to produce, compared to the $70 price tag on raising a barrel from deep Atlantic waters.


   But many of the Persian Gulf oilfields have been producing for decades, and an increasing number of the newer fields in the region contain heavier and harder-to-extract crudes. Squeezing out the remaining reserves from some existing fields and developing new, more complicated ones will be costlier and will require more advanced technology, according to analysts and oilfield engineers.


     As a result, more Gulf countries are exploring the use of enhanced oil recovery, or EOR, a collection of technologies that coaxes substantially more oil from the ground by injecting steam, gas and chemicals deep below the surface.


     "The Middle East countries have varying levels of maturity in their fields," said Chris Graham, a Middle East analyst at Edinburgh-based oil consultancy Wood Mackenzie. While the major OPEC producers in the region mostly don't need to use EOR techniques, the situation is different for the smaller non-OPEC producers such as Oman and Bahrain. In those countries, "you've got maturing production profiles and each barrel becomes more difficult and more costly to extract," Graham said. And even the large OPEC producers such as Kuwait have started to turn to EOR technology as they seek to develop new, more complex, heavy-crude reservoirs on which they will have to rely for future production growth. EOR tends to be needed most when oil is heavy--sometimes as thick as asphalt--and only flows when it is melted with steam, as is the case in some of Kuwait's yet-to-be-developed fields.


     "EOR will become over the years an important component of what the industry collectively has to develop," said Jean-Luc Guizion, president of exploration and production at Total. "The luck of the Middle East countries is they have a lot of resources so they have ample time to plan the necessary EOR improvement."


     According to technicians at one company with EOR operations, the methods can improve recovery rates in some fields by 40%, but at an additional cost of anywhere between $20 and $60 per barrel of oil.


     In the so-called Partitioned Neutral Zone, shared between Saudi Arabia and Kuwait, Chevron is involved in an EOR scheme aimed at developing heavier crudes using steamflooding. Abu Dhabi Co. for Onshore Oil Exploration is working on an EOR project involving carbon dioxide injection. And Saudi Aramco is working on plans to implement a CO2 EOR demonstration plant in the next two years, although this project is, for now, aimed at trapping emissions rather than boosting recovery rates.


     EOR techniques have been in use since the 1970s, when they mostly involved injecting seawater into reservoirs in order to maintain pressure and squeeze more oil from the porous, sponge-like rock where it is deposited. Now there's a far more diverse range of techniques on offer and experts say that each field requires its own mix of EOR techniques that can only be determined by complex analysis of field conditions and economics.


     In the ancient and complex Marmul block in Oman, for instance, the oil is heavy and viscous. To improve the mix of oil and water in the field, the operating company, Petroleum Development Oman, which is 34% owned by Shell, injected polymer into the reservoir, allowing the crude to flow more freely and improving recovery by 10%.


     Bahrain's energy minister Abdul Hussain bin Ali Mirza says his country's aging Bahrain field--where EOR boosted output from an average of 29,000 barrels a day to a level of 40,000 barrels a day within a year--will see output hit 100,000 barrels a day within seven years.


      However, while Middle East producers are starting to take a closer look at EOR, many are handicapped by the reliance of the technology on gas, which is sometimes used as an injectant and sometimes burned to generate another common injectant, steam. Despite massive reserves in countries like Qatar, natural gas is in short supply in most other countries in the region due to its increased usage in power generation and in industries such as petrochemicals.


      Accordingly, there is a new focus on alternative technology solutions, including the use of solar power to generate steam for injecting into oilfields.


     One such new technology has been developed by Glasspoint, a U.S.-based company that says it can generate steam using the sun's heat at lower cost than by burning gas. It locates the solar installations inside large commercial greenhouses, which protect the delicate panels from harsh desert winds, according to Rod MacGregor, the company's chief executive.

BMI: Egypt Could Increase Gas Export by 27%
( - May 16, 2011)                                                                         


Egyptian flag small       


   Egypt has a great potential for exporting gas and could increase its production up to 27.66 percent over the next 10 years, said a report by the Business Monitor International (BMI).


   The report said Egypt's gas export is expected to increase to up to 95 billion cubic meters by 2010, compared to about 66 billion cubic meters in 2010. The export would provide a flow of foreign currency and east the import bill, said the report, and titled "The Outlook for the Egyptian Economy until 2020."


Africa production

     Substantial growth in natural gas production is also projected for Africa, where production increases from 6.8 trillion cubic feet in 2007 to 12.7 trillion cubic feet in 2020 and 14.0 trillion cubic feet in 2035 (Figure 47). In 2007, 77 percent of Africa's natural gas was produced in North Africa, mainly in Algeria, Egypt, and Libya. West Africa accounted for another 20 percent of the 2007 total, and the rest of Africa accounted for 3 percent. Remaining resources are more promising in West Africa than in North Africa, which has been producing large volumes of natural gas over a much longer period. Indeed, faster production growth is projected for West Africa, with an average annual rate of 4.0 percent, versus 2.2 percent for North Africa.


     Nigeria is the predominant natural gas producer in West Africa, although recent production increases in the region have also come from Equatorial Guinea, which brought an LNG liquefaction facility on line in 2007.


     Angola also is expected to add to West Africa's production in the near term, with its firstLNGliquefaction facility, currently under construction, expected to come on line in 2012 [19]. Still, because security concerns and uncertainty over terms of access in Nigeria limit production growth in West Africa, North Africa remains the continent's leading region for natural gas production over the course of the projection. feet of natural gas (Figure 56), or 56 percent of its production, with about one-half of the exports coming from Algeria, Egypt, and Libya via pipelines to Spain, Italy, and parts of the Middle East. The remainder was exported as LNG from liquefaction facilities in Algeria, Egypt, and Libya.


Algeria is in the process of expanding its natural gas export capacity both by pipeline and from LNG terminals.


     The Medgaz pipeline from Algeria to Spain is expected to come on line in mid-2010, with sufficient capacity to carry 0.3 trillion cubic feet of natural gas per year. Two liquefaction projects are also progressing in Algeria: the Gassi Touil project and a new liquefaction train at the existing Skikda export facility [51]. Together they are expected to increase Algeria's LNG export capacity by 0.4 trillion cubic feet per year by 2013. In addition, the Galsi pipeline from Algeria to Italy is planning to make a final investment decision before the end of 2010 and to initiate gas flow on a 0.4 trillion cubic foot per year pipeline by 2014



Obama Shifts to Speed Oil and Gas Drilling in U.S.

( - May 14, 2011) 



   President Obama, facing voter anger over high gasoline prices and complaints from Republicans and business leaders that his policies are restricting the development of domestic energy resources, announced on Saturday that he was taking several steps to speed oil and gas drilling on public lands and waters.


     It was at least a partial concession to his critics, who say he has shackled domestic energy development at a time when consumers are paying near-record prices at the gas pump. The Republican-led House passed three bills in the last 10 days that would significantly expand and accelerate oil development in the United States, saying the administration was driving up gas prices and preventing job creation with anti-drilling policies.


     Administration officials said the president's announcement was designed in part to answer these arguments, signal flexibility and demonstrate Mr. Obama's commitment to reducing oil imports by boosting domestic production. But in fact the policies announced Saturday would not have an immediate effect on supply or prices, nor would they quickly open any new areas to drilling.


     The president's turn to a domestic pocketbook issue comes after two weeks of intense focus on the killing of Osama bin Laden, terrorism more broadly and the multiple crises in the Middle East. In his weekly radio and Internet address, the president said the administration would begin to hold annual auctions for oil and gas leases in Alaska's National Petroleum Reserve, a 23-million-acre tract on the North Slope. The move comes after years of demands for the auctions by industry executives and Alaska's two senators, Lisa Murkowski, a Republican, and Mark Begich, a Democrat.


     The administration will also accelerate a review of the environmental impact of possible drilling off the southern and central Atlantic coast and will consider making some areas available for exploration. The move marks a change from current policy, which puts the entire Atlantic seaboard off limits to drilling until at least 2018.


     The president also said he would extend leases already granted for drilling in the Gulf of Mexico and the Arctic Ocean off Alaska that had been frozen after last year's BP spill. The extension will allow companies time to meet new safety and environmental standards without having to worry about their leases expiring.


     The government will also provide incentives for oil companies to more quickly exploit leases they already hold. Tens of millions of acres onshore and offshore are under lease but have not been developed. The moves come after the House passed a series of bills that would force the administration to move much further and faster to open public lands and waters to oil and gas development. The administration had formally opposed the bills as written, but officials said Friday that the White House might accept some provisions in the bills, like extending the frozen leases in the gulf and in Alaska.


   Responding to the shift by the administration, Brendan Buck, a spokesman for Speaker John A. Boehner, said, "The president just conceded what his party on Capitol Hill still denies: more American energy production will lower costs and create jobs. This reversal is striking, since his administration has consistently blocked American-made energy."


     Although Mr. Buck characterized the policy changes as "not terribly substantial," he added that they should "pave the way for legislation, like the bills the House passed in the past two weeks, to reduce the damage from the restrictions he imposed in the past." The president, in his address, said he supported increased domestic oil and gas development, if it was done safely and responsibly. "Last year, America's oil production reached its highest level since 2003," he said. "But I believe that we should expand oil production in America, even as we increase safety and environmental standards."


     The Alaskan petroleum reserve was set aside in the 1920s as a source of oil for the Navy. There have been fewer than a dozen lease sales there; the most recent one, in 2010, drew only modest industry interest. The government has lowered its estimate of recoverable oil under that vast tract, and the Obama administration is leaving large areas untouched because of their ecological and wildlife value.


     Response from environmental advocates was relatively muted. Eric Myers, Alaska policy director for the National Audubon Society, said that conservationists were willing to see an increase in drilling in the Alaskan petroleum reserve as long as it did not threaten wildlife, waters or sensitive lands. The more environmentally sensitive Arctic National Wildlife Refuge in Alaska will remain off-limits to oil and gas drillers, administration officials said Friday.


     The president noted in his address that the Justice Department had formed a task force to look into potential market manipulation or excessive speculation in oil, and he repeated his call for a repeal of the $4 billion a year in tax incentives the oil industry receives. "In the last few months, the biggest oil companies made about $4 billion in profits each week," Mr. Obama said. "And yet, they get $4 billion in taxpayer subsidies each year. Four billion dollars at a time when Americans can barely fill up their tanks. Four billion dollars at a time when we're trying to reduce our deficit."


     Next week, the Senate will take up a Democratic bill to remove a portion of those subsides, but it is not expected to become law because of united Republican opposition in both chambers of Congress. Mr. Obama's last four weekly addresses have been about oil prices, industry profits and alternative energy programs.




OTC: Artificial Island Projects Off Abu Dhabi Expand Field Operations


( May 3, 2011)


 UAE Flag


   The UAE has turned to artificial islands for facilitating oil-field operations off Abu Dhabi. The three projects currently under way include building one island off Das Island to accommodate oil and gas workers, in compliance with a new UAE camp regulation; two islands for developing the Satah Al-Raaz Boot (SARB) oil field; and at least four islands for expanding production from the Upper Zakum field.


     Sherif El-Gharbawy, of Abu Dhabi Marine Operating Co. (ADMA-OPCO) explained the concepts for building the islands in a presentation, "Application of Land Reclamation and Artificial Island Technology in the Arabian Gulf Petroleum Industry," on May 2 at the Offshore Technology Conference in Houston.


     The UAE has turned to artificial islands for facilitating oil-field operations off Abu Dhabi. The three projects currently under way include building one island off Das Island to accommodate oil and gas workers, in compliance with a new UAE camp regulation; two islands for developing the Satah Al-Raaz Boot (SARB) oil field; and at least four islands for expanding production from the Upper Zakum field.


     Sherif El-Gharbawy, of Abu Dhabi Marine Operating Co. (ADMA-OPCO) explained the concepts for building the islands in a presentation, "Application of Land Reclamation and Artificial Island Technology in the Arabian Gulf Petroleum Industry," on May 2 at the Offshore Technology Conference in Houston.


     Das Island lies about 160 km northwest of Abu Dhabi and is home to storage and processing facilities of ADMA-OPCO oil and Abu Dhabi Gas Liquefaction Co. Ltd. (ADGAS) LNG. From 6,000 to 9,000 personnel operate the facilities. The planned accommodations island will have a 195 ha area and lie in as much as 18 m of water. Target completion date is 2014, according to El-Gharbawy.


     The two normally unmanned artificial islands planned for the ADMA-OPCO operated SARB field will each have 42-44 wells for producing about 100,000 bo/d. SARB lies about 120 km off Abu Dhabi and is 7 km from Zirku Island that is already the site for the processing facilities for the Zakum Development Co. (Zadco) operated Upper Zakum and Satah fields. Production from SARB will flow to new facilities on Zirku Island.

Currently Fluor Corp. is doing the front-end engineering and design for SARB (OGJ Online, May 5, 2010). SARB production is expected to start in 2014.


Upper Zakum field


     The artificial islands for the Zadco-operated Upper Zakum field will provide more flexibility and robustness, reduce development costs and improve recovery factors compared with conventional steel platform well towers, according to El-Gharbawy.


     Planned for the Upper Zakum are three 0.65 km by 0.45 km satellite islands and one central 1.2 km by 0.6 km main island in 5-15 m of water. The main island will accommodate up to 400 wells, while the smaller islands will have slots for up to 200 wells each.


     Upper Zakum field lies 84 km off Abu Dhabi and in March Zadco let to Technip a FEED contract for process units on the four artificial islands, including gas separation, gas lift compression, booster gas compression, as well as power generation, utilities, interconnecting pipelines, and modification of existing facilities, as well as procurement services for long lead items (OGJ Online, Mar. 29, 2011).


     A. Modavi of ExxonMobil Upstream Ventures in the OTC presentation "A Super-Giant Offshore Development Plan Change from Steel Structures to Artificial Islands," provided additional details on the Upper Zakum redevelopment.


     Currently the field produces about 550,000 bo/d through one central complex, three satellite gathering platforms, and 90 wellhead platform towers. Zadco plans to expand production to 750,000 bo/d by 2015 through the drilling from the artificial islands of new extended wells with up to 30,000 ft displacements and up to 10,000 ft horizontal sections.

Construction of one of the smaller islands started in August 2010 and is nearing completion. Modavi said that drilling wells from the island should start by year end.


     As wells are completed on the islands, Zadco plans gradually to retire the steel structures. Modavi said the artificial islands may allow the recovery of up to 70% of the 50 billion bbl of oil initially in place in the three upper reservoirs that Zadco operates.


Egypt May Extend Fuel-Oil Import Ban Beyond June 30, Shoeib Says


( - May 4, 2011)

Egyptian flag small 


     Egypt may extend the ban of fuel oil imports beyond June 30 and rely instead on domestic supplies of natural gas for its power stations, an official at the state-run Egyptian General Petroleum Corp. said.


    "This will depend on summertime demand for power," Deputy Chief Executive Officer for Operations Mohamed Shoeib said in a phone interview from Cairo. "But our aim is to maximize the use of the locally produced natural gas in generating electricity."


     The North African country stopped imports of fuel oil in February after purchasing about 2 million metric tons of the oil product annually in the past, according to Shoeib.


     Egypt has 78 trillion cubic feet (2.2 trillion cubic meters) of gas reserves and produces more than 6 billion cubic feet a day, according to the Egyptian Oil Ministry.


Sonoro Gets Green Light to Commence Asphalt Project in Iraq 


( - April 25, 2011)  

Iraq Flag

  Sonoro announced that further to the previously announced Management Committee approval of the Company's work program and budget for the first year of the license period in Iraq, the Company has now received an investment permit from the provincial governorate of Salah ad Din allowing the Company to proceed with its asphalt (heavy oil) project. This permit allows Sonoro to immediately commence operations and allows for the importation of necessary equipment and personnel. Finally, this permit sets April 14, 2011 as the commencement date of Sonoro's exclusive five year exploration period as per the License Agreement.


     Sonoro's immediate objective is the appraisal of its North Salah ad Din resource prospect. This phase includes the acquisition of seismic data and the drilling of three wells to delineate the field size and to evaluate resource deliverability. The Company has recently identified three additional exploration prospects upon which further seismic and well data is being acquired to facilitate further delineation of these prospects.


     President and CEO, Richard Wadsworth, commented, "With this permit our team now has the necessary approvals to commence operations and drilling of at least three wells in Salah ad Din targeted for Q3 2011. Our next steps are to finalize our security and drilling program and to tender out for a rig and related services. The fact that we have identified four distinct prospects in different areas of the province in a short period of time provides confidence in the large resource potential within the province."

Bears and Bulls Grapple in Oil-Stock ETF

( - May 15, 2011) 



    Oil bulls and bears continued to jockey for position in the options market, with longer-term oil optimists staking out the session's largest single trade in defiance of crude's tailspin.


     In a volatile two week for oil prices, options traders have alternated between bullish "calls" and bearish "puts" in exchange-traded funds tied to crude-producing companies. Crude-oil futures dipped below $100 a barrel again Friday, down precipitously from two-and-a-half-year highs hit early last week. Wild swings in oil prices have brought out hedgers and speculators to the options market with force, with bears generally in control of most trades.


     But on Friday, the market's largest trades focused on the Select Sector SPDR Energy Fund (XLE), an ETF made up of the 40 oil and gas and energy-services companies in the Standard & Poor's 500 index.


     In the trade, optimists appeared set up new, bullish "call spread" that profits most if shares of the XLE rise to trade at $90 by September expiration. The ETF fell 0.3% to $73.91 in recent trading, building on a more than 8% decline so far this month.


     Customers were "initiating new long [positions] in the energy sector through options to play a bounce back," said Paskal Lamour, an ETF options trader at Société Générale in New York.


     Still, other traders on Friday took a far less sanguine view of oil stocks, as a separate large trade in XLE's options looked for the ETF to fall farther by next month. Traders used put contracts to establish a spread that works best if XLE falls to $65 by the third Friday in June. Calls convey the right to buy shares at a set price, while puts convey the right to sell.


     Taken together, the "two massive transactions in XLE options today suggest nearer-term pessimism on the energy sector and longer-term optimism," said Caitlin Duffy, equity options analyst for Interactive Brokers.


     Overall volume in the XLE nearly three time the average daily volume, Trade Alert data showed. More calls changed hands Friday than in any session since the middle of March.



Gulfsands Petroleum Announces Oil Discovery in KHE-101, Syria


( May 16, 2011)

  Syrian Flag

   Gulfsands Petroleum plc, the AIM listed oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., provides an update on operations in Syria.


     Operations have recently been completed on the Khurbet East 101 ("KHE-101") appraisal well. The well has been suspended as a potential future oil production well following a drill-stem test ("DST") that achieved a potentially commercial stabilized flow rate of 447 barrels of oil per day ("bopd") of 34 deg API oil from the Triassic aged Butmah Formation reservoir.


     KHE-101 commenced drilling operations on 19th January 2011 utilising the Crosco E-501 rig. The well was planned to be drilled to a total depth of 3200 metres in order to provide information on reservoir continuity as well as volume and type of hydrocarbons within two specific targets, the Butmah and Kurrachine Dolomite Triassic aged reservoirs. These reservoirs had been found to be hydrocarbon bearing in the original Khurbet East field discovery well ("KHE-1") in which the Kurrachine Dolomite reservoir flowed oil to surface on DST whilst the Butmah reservoir was found to be gas bearing. The KHE-101 well was drilled in a location that is structurally down dip and approximately 1.3 km south east of KHE-1 in order to evaluate the possibility of an oil column below the gas accumulation found within the Butmah Formation at KHE-1.


     The well encountered the Triassic Butmah Formation at 2866 metres Measured Depth ("m MD"), 2456 metres True Vertical Depth sub-sea ("m TVD ss"), and encountered a gross vertical oil column of 69 metres with a net to gross ratio of approximately 35% and average porosity of 21% based on preliminary interpreted wireline logs. Pressure data obtained via wireline sampling from this oil column in the KHE-101 well-bore indicates that the reservoir is in communication with the gas cap, indicating reservoir continuity between the two well locations.


     An open-hole DST was performed over a 32 metre gross interval between 2866 and 2898m MD. A stable flow rate of 447 bopd of 34 deg API oil was recorded on a 48/64" choke over an 11 hour period with average water content of 0.3% by volume, an average gas-oil ratio of 1839 cubic feet per barrel, at an average flowing wellhead pressure of 185 pounds per square inch. Subsequent interpretation of down hole gauge pressure data suggests that the reservoir has suffered significant formation damage through the drilling and evaluation operations, and would be capable of a flow rate of over 1000 bopd were all of the damage to be removed via future acid stimulation of the reservoir interval.


     Preliminary, probabilistic in-house analysis suggests that the Khurbet East Triassic Butmah reservoir contains a Mean gross recoverable oil resource in the order of 15 million stock tank barrels ("MMstb"). The well has been suspended as a potential future producer and Government approval will now be sought to develop this reservoir within the Khurbet East field area.


     Following completion of testing operations on the Butmah reservoir, the well was drilled ahead to the Kurrachine Dolomite, which was encountered at 3138m MD (2728m TVD ss). Upon drilling ahead, strong oil shows were detected and coring operations were undertaken from 3138m to 3193m MD (2806m to 2783m TVD ss ). Following coring operations, the well was drilled to a total depth of 3216m MD (2806m TVD ss). Based on wireline log interpretation, a net oil column of 6 metres was assessed for the Kurrachine Dolomite reservoir.


     An open-hole DST was conducted over the interval 3138-3213m MD within the Kurrachine Dolomite reservoir, but only minor amounts of oil, gas and formation water were recovered. The lack of flow is believed to be due to relatively few natural fractures being present within the Kurrachine Dolomite reservoir section, compared to those found in this interval at the KHE-1 location.


      The Crosco E-501 rig will now be moved to the Yousefieh 7 ("Yous-7") well location on the northern flank of the Yousefieh field. This well is located approximately 400 metres north of the horizontal production well Yous-4H which is currently producing 1330 bopd and is the most prolific well on the field. The Yous-7 vertical well will provide information on reservoir extent and quality of the undrilled northern flank in anticipation that it will be tied-back for production.


     Gulfsands drilling operations in Syria Block 26, using the Crosco E-401 and E-501 drilling rigs, are continuing as planned and have continued without interruption during recent months. Drilling operations on Abu Ghazal are ongoing and will be the subject of a future news release.


Block 26 Oil Production  


     Oil production and revenue receipts from the Khurbet East and Yousefieh fields continue without interruption. Both fields demonstrate continued strong performance with limited reservoir pressure loss and minimal production of formation water. Daily average oil production from Khurbet East during April 2011 was approximately 18,000 bopd, which is at or near the maximum possible based on current surface facility capacity. Daily average production at the Yousefieh Field during April 2011 was approximately 2,700 bopd.


     We expect that combined production from these fields will be increased to approximately 24,000 bopd by the end of 2011 with the drilling and tie-in of additional development and delineation wells, and via minor upgrades and de-bottle necking of existing surface facilities.


A New Gas Project in West Qantara


( May 16, 2011)

Egyptian flag small

    Dana Gas will cooperate with ENPPI and Petrojet to commence the execution of a new project in the West Qantara Concession. The new gas project, Salma Station will be completed at the end of 2012. According to official source, the total investments of this project count for LE 150 million Egyptian Pound.

Qatar Petroleum Signs $100 Million Deal with JX Nippon


( - May 9, 2011)  


Qatar emblem  



      State-owned Qatar Petroleum has signed a 30-year agreement with Japanese company JX Nippon for exploration and production of gas off Qatar's northeastern coast, Qatar Petroleum said on Sunday. Exploration will take place in Block A, an area of 6,173 sq km (2,384 sq miles) off the coast of the Gulf Arab state, the company said.


     The agreement is JX Nippon's first exploration deal in Qatar, Makoto Koseki, the company's chief executive officer, said at a signing ceremony in the Qatari capital Doha. JX Nippon. a unit of JX Holdings Inc, pledged an initial investment of $100 million, with the possibility of investing more in the future, Koseki said.


     Qatar, the world's largest exporter of liquefied natural gas, recently reached the capacity to liquefy 77 million tonnes of natural gas annually. The Gulf state has placed a moratorium on new development of the North Field, the source of the gas, until at least 2014.



Issue: 05-2011
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Oil Chart May 2011
Gas Chart May 2011
In This Issue
Mideast Oil Recovery Enters A New Phase
BMI: Egypt Could Increase Gas Export by 27%
Obama Shifts to Speed Oil and Gas Drilling in U.S.
OTC: Artificial Island Projects off Abu Dhabi Expand Field Operations
Egypt May Extend Fuel-Oil Import Ban Beyond June 30, Shoeib Says
Sonoro Gets Green Light to Commence Asphalt Project in Iraq
Bears and Bulls Grapple in Oil-Stock ETF
Gulfsands Petroleum Announces Oil Discovery in KHE-101, Syria
A New Gas Project in West Qantara
Qatar Petroleum signs $100 Million Deal with JX Nippon
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