SYRIA - Part 2 - The Oilfields Continue To Decline.Actual oil production in Syria has fallen to less than 510,000 b/d, having peaked at 615,000 b/d in 1994. The decline, being managed by the foreign operators, is likely to be limited as the state-owned Syrian Petroleum Co. (SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management.
2. (body) SPC - Software Productivity Centre.
3. (company) SPC - Software Publishing Corporation.
4. ) plans a redevelopment of its own oilfields in the north-east of the country. Syria could become a net importer of oil, as it was until the mid-1980s, if no major discoveries are made during this decade.
Shell, the main operator in the country, had warned in early 1998 that if no significant oil finds were made in a few years, Syria could return to being a net importer by 2005. All the major producing oilfields in Syria have reached their plateau plateau, elevated, level or nearly level portion of the earth's surface, larger in summit area than a mountain and bounded on at least one side by steep slopes, occurring on land or in oceans. and most of them have begun a steady but managed decline since early 1996, after a very costly blow-out at a field.
A number of foreign oil companies have left Syria in recent years, due to very tough E&P terms by SPC (see background in Gas Market Trends No. 13). Little exploration was done until mid-1996, when Nader Nabulsi was dismissed as oil minister and was replaced by Mohammed Maher Jamal. But Jamal, a geologist, was in late 2001 replaced by a figure with no experience in the petroleum industry.
Unlike companies elsewhere, the operators in Syria are not allowed to lift or market crude oils they produce. All the output is sold to SPC at prices set by the latter, and the crude oils are marketed by Sytrol which is under the control of the prime minister's office The Prime Minister's Office is a small department which provides advice to a Prime Minister in some countries:
The Shell-operated system - consisting of Al Furat Petroleum Co. (AFPC AFPC Air Force Personnel Center
AFPC American Foreign Policy Council
AFPC Alliance de la Fonction Publique du Canada (Public Service Alliance of Canada; union)
AFPC Advanced Financial Planning Certificate
AFPC Air Force Personnel Council ), Al Badiya Oil Co. (BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. ) and Al Bishri Petroleum Co. (BPC BPC British Potato Council
BPC Brewton-Parker College (Mt Vernon, GA)
BPC Bible Presbyterian Church
BPC Bangladesh Petroleum Corporation (Chittagong, Bangladesh)
BPC British Pharmaceutical Codex ) - is by far the biggest oil producer in Syria. In Jan. 1996 it began a five-year cutback cut·back
1. A decrease; a curtailment: "The political effects of food cutbacks could be devastating" New York Times.
2. schedule with its output then set to fall by 10,000 b/d per annum Per annum
Yearly. . But the actual rate of decline increased in the subsequent years, despite rapid development of small oilfields discovered by Shell. No major oil discoveries have been made in the past ten years and even fields on stream since the mid-1990s have reached their plateau (see profiles on following pages & in Gas Market Trends).
The decline in oil output has been partly offset by a steady rise in production of natural gas which is used for domestic energy. The shift to gas has limited the growth of domestic oil consumption. The country's gas processing plants are being expanded (see Downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.). Trends).
SYRIAN CRUDE OIL PRODUCTION (barrels/day) 1994 1995 Mar 2000 Mar 2002 AFPC/BOC/BPC (Shell) 405,000 400,000 340,000 300,000 Syrian Petroleum Co. (SPC) 150,000 150,000 140,000 140,000 DEZPC (TotalFinaElf) 60,000 60,000 60,000 67,000 Al Khabour Oil Co.* -- -- 2,000 2,000 Total 615,000 610,000 542,000 509,000 * Al Khabour's Kishma oilfield went on stream in mid-1997.