Cyprus has discovered huge gas reserves.
Country is optimistic that natural gas could provide wealth
Technipâ€™s contract will cover the basic engineering design package
UAE Energy Minister confirms concession winners based on bids alone
92,905 barrels of oil per day (bpd) were extracted in March this year
KRG prime minister had announced 100,000bpd export starting on April 1
Company will present at the SPE Technical Conference in Muscat, Oman.
Investment will include installation of advanced testing equipment
Solar EOR experts plan solar steam EOR projects in Kuwait
Lukoil to focus search for unconventional gas in KSA's Empty Quarter
Bijell-1B well production is around 3,500 barrels per day
Tests on the well delivered average daily flow of 10,000 barrels
Rig will be built in UAE by American company National Oilwell Varco
Cuts are due to brief oilfield maintenance
Gazprom Neft completes 165km pipeline from Badra
Total will sell its 10% stake in the Shah Deniz II field.
Country may pay fees in barrels