oil production | Egypt Oil & Gas - Part 22

KSA Production Reached 10.72mb/d of Oil

The Kingdom of Saudi Arabia (KSA) pumped 10.72mb/d of oil, a record-high in November as the Organization of Petroleum Exporting Countries (OPEC) pushed for a global deal on production cuts.

Kuwait to Start Heavy Oil Production by 2018

Kuwait will begin heavy oil production by the end of 2018, with roughly 10,000 to 15,000 b/d at Ratqa refinery.

Abu Tifle Resumed Oil,Gas Output

Gas production has resumed at Libya’s eastern Abu Tifl field and 12,000b/d of oil will starting pumping by mid-November 2016, with the oil being pumped to Zuetina port.

Sudan’s Oil Output Declined

Sudan's oil production has dropped to between 95,000 to 100,000b/d, while the country has partially lifted fuel and electricity subsidies as part of an economic reform package aimed at cutting government spending.

Total to Produce Oil Offshore Congo in 2017

Total expects first production from Congo Republic's offshore Moho Nord field to add an extra 100,000b/d when it starts early 2017.

Nigeria’s Oil Output to Grow by 22%

Nigeria expects its oil production rate to grow by 22% by the end of 2016 to reach 2.2mb/d from current levels.

Sankofa-Gye Nyame to Produce Oil 2017

Oil production from Ghana’s Sankofa-Gye Nyame oil field, is expected to commence in the second quarter of 2017 while production of gas is expected to begin in the second quarter of 2018.

Nigeria to Start Output from Otakikpo Oil Field

Africa-focused Lekoil is expected to begin commercial oil production from Nigeria’s Otakikpo marginal field during October, following the completion of the Otakikpo-003 well.

Saudi Arabia to Consider Reducing Oil Output

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.

Ghana to Push Oil Output to 240,00b/d by 2020

Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000b/d.

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