Oil - Upstream
Middle East upstream oil sector news and analysis, tenders, contracts awarded, commentary and economic data.
News
Kuwait replaces top executives in oil sector shake-up
Heads of Kuwait Petroleum Corporation’s subsidiaries replaced after sacking of CEO Farouk al-Zanki
Abu Dhabi government rejects onshore concession extension
Abu Dhabi National Oil Company to make quick decision on international partners for onshore fields
Ava wins $84m drilling mud contract in Kuwait
Italian group to provide drilling mud products and engineering services for Kuwait Oil Company
NPCC wins first package on Umm al-Lulu field
UAE firm awarded estimated $800m deal on offshore Abu Dhabi field
Nasr offshore development tender pushed back
Contractors wait for Abu Dhabi oil field tender that was expected in April
Umm al-Lulu package two hangs in balance after bid resubmission
Technip submits lowest revised proposal after Saipem disqualified from bidding process
Lebanon announces oil and gas discoveries
Offshore fields have potential reserves of 30 trillion cubic feet of gas and 660 million barrels of oil
Maersk Oil awards WorleyParsons Qatar engineering contract
Australian consultancy to carry out engineering services on offshore Al-Shaeen field
Analysis
Challenges and opportunities in Iraq's energy sector
MEED’s Gulf correspondent for energy and industry, Adal Mirza, discusses the key issues likely to be debated at this year’s Iraq Energy Projects 2013 conference.
First quarter energy contracts driven by UAE
Abu Dhabi offshore developments to dominate first-quarter projects market with spending of up to $10bn
Counting the cost after Algeria
The terrorist attack in North Africa will have serious implications for the oil and gas industry
Oil prices expected to dip in 2013
Outlook still positive despite experts predicting slight fall in both WTI and Brent benchmark oil prices
Tenders
Company Profiles
Orpic
Oman Refineries & Petroleum Industries Company (Orpic) was formed in 2011
General Holding Company
Senaat has been key to the industrial diversification of Abu Dhabi
Kuwait Energy
The firm will become a leading independent player if oil and gas production targets are reached by 2015
Oil - Upstream Contacts
Khalid al-Falih
Khalid al-Falih is president and chief executive officer (CEO), Saudi Aramco
Abdulaziz al-Khayyal
Abdulaziz al-Khayyal is senior vice-president, industrial relations, Saudi Aramco
Khalid al-Buainain
Khalid al-Buainain is senior vice-president, engineering, capital and operations support, Saudi Aramco
Special Reports
Business as usual for Mena oil and gas sector
The Middle East and North Africa is exploiting its hydrocarbons worth despite economic uncertainty
Comment
Abu Dhabi careful on low bidders
Saipem disqualified from an offshore oil deal in Abu Dhabi despite submitting the lowest price
Proven Oil Reserves
| Country | oil (billion barrels) | % of world total |
| Algeria | 12.2 | 0.7 |
| Bahrain | 0.6 | 0 |
| Egypt | 4.3 | 0.3 |
| Iran | 151.2 | 9.1 |
| Iraq | 143.1 | 8.7 |
| Kuwait | 101.5 | 6.1 |
| Libya | 47.1 | 2.9 |
| Oman | 5.5 | 0.3 |
| Qatar | 24.7 | 1.5 |
| Saudi Arabia | 265.4 | 16.1 |
| Sudan | 6.7 | 0.4 |
| Syria | 2.5 | 0.2 |
| Tunisia | 0.4 | 0 |
| UAE | 97.8 | 5.9 |
| Yemen | 2.7 | 0.2 |
| b/d=barrels per day. Source: BP Statistical Review of World Energy. Proven reserves at the end of 2011 | ||
Oil Production
| Country | 2009 | 2010 | 2011l |
| Algeria | 1,762 | 1,762 | 1,729 |
| Bahrain | na | na | na |
| Egypt | 736 | 730 | 735 |
| Iran | 4,249 | 4,338 | 4,321 |
| Iraq | 2,447 | 2,480 | 2,798 |
| Kuwait | 2,477 | 2,518 | 2,865 |
| Libya | 1,652 | 1,659 | 479 |
| Oman | 813 | 865 | 891 |
| Qatar | 1,345 | 1,569 | 1,723 |
| Saudi Arabia | 9,809 | 9,955 | 11,161 |
| Sudan (unified) | 475 | 465 | 453 |
| Syria | 401 | 385 | 332 |
| Tunisia | 83 | 80 | 78 |
| UAE | 2,750 | 2,867 | 3,322 |
| Yemen | 306 | 301 | 228 |
| All oil figures are thousand barrels per day. Source: BP Statistical Review of World Energy. Production at the end of 2011 | |||
Data
Oil and gas data
A look at oil and gas data from 1965 to 2011
