UAE

1)Project Name:Jarn Yabhour; Ramhan
Operator:Occidental
Type:Crude

1)Project Name:Lower Zakum - Umm Shaif Exp
Operator:ADNOC
Type:Crude

Abu Dhabi National Oil Company
The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates (UAE). It is considered to be the world's fourth largest oil company with access to country's oil and gas reserves, (137 billion barrels (21.8×10^9 m3) of oil as of June 2007).

ADNOC is one of the world's leading companies by oil reserves. The company operates two oil refineries which are Ruwais and Umm Al Nar. ADNOC has 14 subsidiary companies, both on upstream and downstream.

ADNOC is developing both onshore and offshore gas fields. Natural as is exported in the form of liquefied natural gas (LNG) and supplied for local electricity and water utilities, to other industries including petrochemical plants and for re-injection into reservoirs to improve oil and condensate production.

ADNOC is the eighth largest recipient of US federal contract dollars, receiving a total of $918,256,500 in 2008 alone.

Subsidiaries

As a fully integrated oil & gas company ADNOC operations fulfill every aspect of process in the petroleum industry. These process are then divided into eleven subsidiaries, listed below:

Abu Dhabi Gas (ADGAS) - processing, marketing and distribution of liquefied petroleum gas and liquefied natural gas

National Drilling Company (NDC) - offshore and onshore drilling

Abu Dhabi Company for Onshore Oil Exploration ADCO - oil exploration, production and export from onshore oilfields.

Abu Dhabi Marine Operating Company (ADMA-OPCO) - offshore oil and gas production

Zakum Development Company (ZADCO) - oil production of the upper Zakum field

National Petroleum Construction Company] (NPCC) - construction of oil industries facilities

Abu Dhabi Gas Industries Ltd (GASCO) - production and operation of Liquefied gas products

ESNAAD - production and marketing of mud chemicals, material handling services, waste management, chemical blending and manufacture

Abu Dhabi Oil Refining Company (TAKREER) - refining of crude oil, production of chlorine and related chemicals, sulphur granulation

Abu Dhabi Petroleum Ports Operating Company (IRSHAD) - operations of oil exporting ports such as Ruwais and Jebel Dhanna

Ruwais Fertilizer Industry (FERTIL) - production and marketing of urea and ammonia in the Ruwais plant

ADNOC distribution - distribution, storage and transport of refined products

Abu Dhabi National Tanker Company (ADNATCO) - transportation of crude oil and refined products

Abu Dhabi Polymers Company Ltd (Borouge) - processing and production of ethylene and polyethylene

National Gas Shipping Company (NGSCO) - shipments of liquefied gas products from Das Island

Saudi Arabia

1)Project Name:Khurais Exp Ph 2
Operator:Saudi Aramco
Type:Crude

2)Project Name:Khurais Exp
Operator:Saudi Aramco
Type:NGL

With a production capacity of 1.2 million barrels per day, the Khurais Field Development Program is the largest industrial undertaking of its kind in the history of the industry.

Khurais is just one of several mega-projects currently in progress.It is expected to boost Saudi Aramco’s production capacity by 20 percent, going from 10 million barrels per day in 2004, to 11 million barrels per day currently, and to 12 million barrels per day by the end of next year.

The Khurais facilities will be able to process 1.2 million barrels of Arabian Light crude. A new gas plant will treat the associated gas, producing 70,000 barrels per day of condensate and 420 million cubic feet per day of gas.

The program will also increase the existing East-West NGL Pipeline capacity from 425,000 barrels per day to 555,000 barrels per day to manage the additional NGL produced at Khurais. Infrastructure work includes an airstrip, residential facilities for up to 1,000 full-time personnel and an industrial complex to handle facility maintenance.

The Khurais oil processing facility is a testament to Saudi Aramco’s unwavering commitment to do what it takes to meet the growing global demand for petroleum when it is called upon to do so.

Qatar

1)Project Name:Al Shaheen Expansion
Operator:Maersk Oil
Type:Crude

2)Project Name:RasGas 2 Train 7
Operator:Exxon
Type:NGL

3)Project Name:Qatargas 3 Train 6
Operator:QP/Conoco Phillips/Mitsui
Type:NGL

Al Shaheen Expansion
Name: Al Shaheen
Location:180km north of Doha, Qatar peninsular
Block:5
Discovered:1992
Geology:Khuff formation, including north field: 6,000km²
Drawbacks:Low permeability, limited thickness, geological complexity
Area:Qatar Arch, 2,214km²

The largest producing oil field on the west coast of the Qatar peninsula is the Dukhan field, operated by Qatar Petroleum (QP). Offshore production is mainly via Exploration and Production Sharing Agreements (EPSA) with foreign oil companies in partnership with QP on behalf of the Government of Qatar. Qatar has proven recoverable oil reserves of 15.2 billion barrels.

Qatar Petroleum operates two offshore fields, Mydan Mahzam and Bul Hanine, the other four being Id al-Shargi North Dome, al-Shaheen, al-Rayyan and al-Khalij.

The block 5, Al Shaheen oil field lies 180km north of Doha and is operated by Maersk Oil Qatar AS (Qatar Arch, 2,214km²), producing 200,000 barrels per day. The US has invested $2.5bn, and capacity is now beyond 260,000bpd but has been constrained by OPEC quotas; it could reach 400,000bpd over the next five to six years.

OFFSHORE QATAR BLOCK 5
3,500km² and off the coast of Qatar, block 5 was discovered by Maersk in 1992 and received $2bn in funding as the company explored the possibilities of establishing commercial oil production.

The exploration and exploitation rights included block 5 geological formations above the Khuff Formation, containing the 'north field', 6,000km² northwest of the Qatari peninsula, the world's largest non-associated natural gas field.

Initially it was questionable whether the oilfield was sustainable, despite being hydrocarbon, due to low permeability, limited thickness and geological complexity. It has since been successfully developed, mainly due to cutting-edge technology.

Qatargas 3 Train 6
Qatargas Train 6, which will be set up under Qatargas–III, is a joint venture among QP (68.5%), ConocoPhillips (30%) and Mitsui (1.5%).

Nigeria

1)Project Name:Ebok
Operator:Afren
Type:Crude

2)Project Name:Gbaran Ubie Ph 1
Operator:Shell
Type:Crude

Ebok (OML 67)

Background
The Ebok Field (Ebok) was awarded to Oriental (a 100 per cent. operated interest) in May 2007 by the ExxonMobil / Nigerian National Petroleum Corporation (NNPC) Joint Venture. The farm-out has been structured such that the field benefits from the Nigerian Marginal Field Fiscal and Tax Regime.

Ebok is an undeveloped oil field located in OML 67, 50 km offshore in 135 ft of water in Nigeria's prolific south eastern producing area. The field was discovered by the ExxonMobil / NNPC JV in 1968 (M-QQ1 (Ebok-1)), and two subsequent appraisal wells were drilled in 1970 (Ebok-2 and Ebok-3). A total of 271 ft. (83m) of net oil pay was encountered in Ebok-1 in four sands between 2,600 ft. (800m) and 3,600 ft. (1,100m); none of the zones were production tested although 24 degree API oil was recovered from the Ebok- 1 well.

The Ebok area is covered with good quality (1992) 3D seismic data and an extensive data set is available for the three drilled wells. Ebok is also located close to several producing ExxonMobil / NNPC JV fields and 55 km south-east of ExxonMobil’s onshore QIT Terminal. The estimated STOIIP on the field (pre Q4 2008 appraisal drilling) was 77 -167 mmbbls with a mean of 118 mmbbls.

Terms
In March 2008, Afren signed a Farm-In Agreement with Oriental to participate in the development of Ebok. Under the terms of the agreement, Afren will be responsible for funding all capital and operating costs for the development of the field, and will recover the costs from 100% of net field revenues. Following cost recovery, the ExxonMobil JV will receive a Net Profit Interest, with Afren and Oriental sharing net revenues equally.

Further to the Ebok farm in, Afren has entered into a collaboration agreement with Oriental to pursue other potential development assets in the region.

Operations Update
The successful appraisal of the Ebok field completed in early 2009 proved 2P reserves of 53 mmbbls (in excess of pre-drill minimum economic field size of 20 mmbbls). Afren subsequently identified a further 99 mmbbls of additional upside potential increasing the total resource potential of Ebok to 152 mmbbls.


Field Development
Afren and its indigenous partner Oriental signed a rig contract with Transocean for the Adriatic IX jack-up drilling rig in September 2009 and have commenced Field Development Phase 1a with the spudding of the Ebok-5 appraisal well, a total of 2 appraisal wells and 6 horizontal production wells are scheduled to be drilled in development Phase 1a. Development Phase 1b, targeting the upside in the D2 Southern Lobe, will be subsequently undertaken, comprising a further three horizontal production wells and one water injection well drilled from the existing wellhead support structure.

Following completion of development Phases 1a and 1b (which is set to deliver production of 15,000 bopd in H1 2010, increasing to 35,000 bopd by end 2010), development Phase 2a will be launched, incorporating full development of the D1 reservoir and Fault Block West, whilst appraising the potential within the West Flank Qua Iboe structure (150 mmbbls STOIIP, estimated 45 mmbbls recoverable) and Fault Block North (30 mmbbls STOIIP, estimated 9 mmbbls recoverable).

Gbaran-Ubie
The Gbaran-Ubie integrated oil and gas project has started to deliver oil and gas to customers. Once fully operational it will increase Nigeria’s gas supply significantly.

The Gbaran-Ubie project began producing oil and gas in June 2010. When fully operational in 2011, it will be capable of producing up to one billion standard cubic feet of gas a day, equivalent to about a quarter of the gas currently produced for export and domestic use in Nigeria. It will also produce more than 70,000 barrels of oil a day.

The project incorporates five oil and gas fields spread over a 650 km² area of Bayelsa and Rivers states. It has taken five years to build. It involved drilling more than 30 new wells and building a central processing facility to treat both oil and gas. Most of the gas will supply the Nigeria Liquefied Natural Gas plant at Bonny Island. Here it will be cooled and turned into a liquid before export by ship around the world. The rest of the gas will supply local power stations in the Niger Delta. The oil will be exported from SPDC’s Bonny crude oil terminal.

The project has created jobs and brought benefits to Nigerian companies and local communities. By the end of 2009, the project had spent over one billion dollars on Nigerian goods and services. At the peak of construction in 2008, almost 6,000 people worked on the project – almost all Nigerian, many hired from local communities and trained. The plant will create more than 300 permanent jobs. And the project will connect around 200,000 people in local communities to the electricity grid for the first time.

Iraq

1) Project Name:Rafidain
Operator:SOC
Type:Crude

2) Project Name:Subba; Luhais Ph 1
Operator:Petrel
Type:Crude

3) Project Name:Taq Taq ph 2
Operator:Addax/Genel Enerji
Type:Crude

According to the Oil and Gas Journal, Iraq’s proven oil reserves are 115 billion barrels, although these statistics have not been revised since 2001 and are largely based on 2-D seismic data from nearly three decades ago. Geologists and consultants have estimated that relatively unexplored territory in the western and southern deserts may contain an estimated additional 45 to 100 billion barrels (bbls) of recoverable oil.

A major challenge to Iraq’s development of the oil sector is that resources are not evenly divided across sectarian-demographic lines. Most known hydrocarbon resources are concentrated in the Shiite areas of the south and the ethnically Kurdish north, with few resources in control of the Sunni minority. Passage of the proposed Hydrocarbons Law, which would provide a legal framework for investment in the hydrocarbon sector, remains a main policy objective.

The majority of the known oil and gas reserves in Iraq form a belt that runs along the eastern edge of the country. Iraq has 9 fields that are considered “super giants” (over 5 billion bbls) as well as 22 known “giant” fields (over 1 billion bbls). According to independent consultants, the cluster of super-giant fields of southeastern Iraq forms the largest known concentration of such fields in the world and accounts for 70 to 80 percent of the country’s proven oil reserves. An estimated 20 percent of oil reserves are in the north of Iraq, near Kirkuk, Mosul and Khanaqin. Control over rights to reserves is a source of controversy between the ethnic Kurds and other groups in the area.

Iran

1)Project Name:Azar 2 (Anaran Block)
Operator:StatOil
Type:Crude

2)Project Name: Mehr

Operator:OMV

Type:Crude

Iran and the Norwegian StatoilHydro have finalized their negotiations on the development of the Anaran block's Azar oilfield.

"The technical issues are finalized, the negotiations on signing the agreement are all done and currently both sides are finalizing the attachments to the agreement," IRIB News quoted the Managing Director of Iran's Petroleum Engineering and Development Company (PEDEC), Naji Sadouni, as saying .

Sadouni noted the high priority given to the development of this oilfield, adding that the cleaning work on the field will be started next month.

"The time that has been set for finalizing negotiations on the project between the two parties may not be extended," he added.

Sadouni also referred to the development of the Changuleh oilfield in the Anaran block, saying that negotiations to develop this field is ongoing with domestic private contractors.

Currently, Russian Luke Oil Co. is cooperating with Iran in the development of the Anaran block, in which it holds a 25-percent stake.

The Anaran oilfield is located in Iran's southwestern province of Ilam. So far, over $100 million has been invested in the oilfield.

The oil reserves of Anaran are based on the two fields of Azar and Changuleh, which are estimated to hold oil reserves of some 7.4 billion barrels between them.

StatoilHydro ASA is a Norwegian energy company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. StatoilHydro is the biggest offshore oil and gas company in the world.

Algeria

Project Name:Rhourde El Baguel Exp

Operator:BP

Type:Crude

Algeria, which has doubled its crude oil production over the past seven years, is aiming to increase its output by another 40 percent by 2010. And while the country is pushing for more oil production, it’s also hoping to dramatically increase mining activity.

Algeria now produces about 1.4 million barrels per day, and Sonatrach, the national oil company, believes the country can add another 600,000 bpd by ramping up foreign investment in new fields. The major foreign oil companies in Algeria include Anadarko Petroleum Corp., BP, Shell, BHP Billiton, ENI, and Hess Corp. Houston-based Anadarko is the biggest foreign operator, with a total Algerian production of 530,000 bpd. Anadarko is now partnering with Sonatrach to develop the El Merk project, expected to add 150,000 bpd by 2010. BP plans to nearly quintuple production at Rhourde El Baguel, Algeria’s second-largest oil field with about 3 billion barrels of proven reserves. Although the field is huge and has been producing for more than four decades, it has only produced 450 million barrels. By 2010, BP expects to raise output from the current 27,000 bpd to 125,000 bpd.