KazMunayGas Increased Oil and Condensate Production in the First Half of the Year
The National Oil and Gas Company of Kazakhstan Kazmunaigas (KMG) produced 11.86 million tons of oil and gas condensate in six months of 2023, which is 10.1% more than in the first half of 2022, the company’s press service reported. “The volume of oil and gas condensate production by KMG …
CO2 in the Bowels of the Orenburg Region Can be Stored for a Thousand Years
Gazprom Neft will further explore the subsoil to create the first carbon hub in the Russian Federation. More than 50 million tons of carbon dioxide can be stored in the bowels of the Eastern section of the Orenburg oil and gas condensate field. It will be possible to pump 1.1 …
In Ugra, Khudainatov’s Company Was the Only One Claiming an Oil Field
Nyaganneft (part of Eduard Khudainatov’s NOC) acquired the rights to develop the Lebyazhye field in Khanty-Mansi Autonomous Okrug for more than 600 million rubles. “The auction was declared invalid,” Ura.ru quotes a representative of the electronic trading platform. – However, according to the auction rules, the right to use the …
Salym Petroleum Development Produced the 110 Millionth Ton of Oil
The cumulative production of Salym Petroleum Development (SPD) has reached 110 million tons of liquid hydrocarbons. The production activity of the enterprise began in 2003 with the development of the Zapadno-Salymskoye field in the Nefteyugansk region of Khanty-Mansi Autonomous Okrug-Yugra. Today, the company is exploring and developing six licensed areas …
RN-Yuganskneftegaz Increased the Flow Rate of a Horizontal Well by 2.5 Times Thanks to the Fishbone Technology
RN-Yuganskneftegaz, the largest production company of Rosneft Oil Company, increased the flow rate of a horizontal well by 2.5 times. High performance achieved through the use of modern fishbone technology. The company drilled a well with four horizontal laterals without multi-stage hydraulic fracturing at the Sorovskoye field. The initial production …
Rosneft Discovered a New Field in Udmurtia
Udmurtneft (a joint venture between Rosneft and Sinopek) has discovered a new field in the Republic of Udmurtia. More than 400 thousand tons of recoverable oil reserves are planned to be put on the State Balance. The field is named after Alexander Zelenin, Honored Oilman of the Udmurt Republic, who …
BP and SOCAR Plan a New Stage of Exploration Work on the Shafag-Asiman Structure in the Caspian
BP has completed the interpretation of exploratory drilling data on the prospective Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan told Interfax-Azerbaijan. “Analysis of the results of drilling the first exploratory well SAX01 and their interpretation were completed in the first half of this year. At present, …
Eni Ends Nine-Year Force Majeure on Three Exploration Assets in Libya
Eni and Libya’s state-owned NOC have canceled force majeure on three onshore and offshore blocks almost 10 years later, after they were forced to halt exploration work due to security conditions. Eni has formalized with its partner, the Libyan national oil and gas company NOC, the cancellation of force majeure …
Emirati ADNOC Acquires 30% Stake in Absheron Gas Condensate Field Development Project – SOCAR
Emirati ADNOC acquires 30% stake in Absheron gas condensate field development project – SOCAR The Abu Dhabi National Oil Company (ADNOC) has become a shareholder in the project to develop the Absheron gas condensate field in the Caspian Sea, having bought 15% of the shares from SOCAR (State Oil Company …
ADNOC Concludes First Global Gas Deal with Azerbaijan
Abu Dhabi National Oil Company Adnoc has agreed to buy a 30% stake in the Absheron gas field in the Caspian Sea, the state company said in a statement. Azerbaijan’s state oil company Socar and its French partner TotalEnergies SA will sell Abu Dhabi’s national oil company Adnoc a 15% …