Exploration & Production

Dana Gas sees production leap in Q1


Dana Gas PJSC announced that earning for the first quarter of this year jumped 180 per cent over its 2010 results to hit US$25mn.

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DNO Q1 production volume high

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DNO's production in the Q1 2011 hit 39,945 bopd, up from 12,442bopd in the same quarter last year.

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ENI output falls due to Libya crisis

ENI, production, Q1, Libya, Italian oil firm,exports, North African state, 50,000-55,000 boepd, ENI chief executive Paolo Scaroni

ENI announced that production was down 8.6 percent in Q1 due to the conflict in Libya, which previously accounted for about 15 per cent of its total output.

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Iraq denies plans to cut oil production target

Iraq,production capacity, target,Deputy Prime Minister for energy, Hussain al-Shahristani, renegotiate contracts,oil companies, Samuel Ciszuk, IHS Senior Middle East Energy analyst,capital expenditure ,capex,Iraqi technical service contracts,TSCs,

Iraq is not planning to reduce its ambitious 12mn bpd crude production capacity target by 2017 to levels between 6.5mn bpd and 7mn bpd according to Deputy Prime Minister for energy, Hussain al-Shahristani.

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Iraq confident of producing 6.5mn bpd


The Iraqi Oil Ministry reiterated that the country was still on track to achieve a crude oil production target of 6.5 million bpd by 2014 despite a recent IMF report arguing that Iraq will see a lower output rise because of infrastructure challenges.

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