Azerbaijan Expects to Start Gas Production from Deep Layers of ACG Field Block in 2024 – Ilham Aliyev
Gas production from deep-seated reservoirs (deep-gas) of the Azeri-Chirag-Guneshli (ACG) block of fields is planned by the end of 2024, Azerbaijani President Ilham Aliyev said. “If everything goes according to our plan, then by the end of next year we will have the first gas production (from deep-seated layers of …
Iran and Oman Agree to Jointly Develop the Hengam Field
Iran and Oman have signed an agreement on joint exploration of the Hengam joint oil field in the Strait of Hormuz in the Persian Gulf. The agreement was signed in the presence of President Ebrahim Raisi and Sultan Haytham bin Tariq Al Said of Oman in Tehran on Sunday, the …
Daily Production at Sakhalin-1 Increased by 1.8 Times, Igor Sechin Said
Daily production at Sakhalin-1 increased by 1.8 times in the first quarter, becoming the driver for the growth of Rosneft’s hydrocarbon production, but the forced shutdown of the project due to the departure of the American ExxonMobil had a negative impact on the technical conditions for field development, the head …
Rosneft Increased Hydrocarbon Production by 1.3 Percent
Rosneft in the first quarter of 2023 increased hydrocarbon production by 1.3% compared to the previous quarter, to 5.6 million barrels of oil equivalent per day, the company said. “Hydrocarbon production in the first quarter of 2023 reached 5.6 million barrels of oil equivalent per day, an increase of 1.3% …
Rosneft Increased Gas Production by 2.7 Percent
Rosneft increased gas production by 2.7% in the first quarter of 2023, to 1.5 million barrels of oil equivalent per day, the company said. “The company’s average daily gas production in the first quarter of 2023 reached 1.5 million barrels of oil equivalent per day, exceeding the figure for the …
Rosneft Brings New Software to the Foreign Market
Rosneft held a Technology Day, which was attended by over 100 representatives of major oil and gas companies, including Gazprom, Novatek, Lukoil, Zarubezhneft, Surgutneftegaz, Tatneft, Transneft and etc. At the event, specialists from the RN-BashNIPIneft corporate institute told their colleagues about the capabilities of the Rosneft science-intensive software line and …
Rosneft has Developed Software for Analysing the Properties of Hydrocarbons
Specialists of the scientific institute “RN-BashNIPIneft” have developed a software package for calculating the physical and chemical properties of hydrocarbons. This is an import-substituting IT product integrated into the corporate line of science-intensive software of Rosneft. The economic effect of its implementation is 250 million rubles. Development of technological potential …
The State Duma Approved the Zeroing of the Mineral Extraction Tax for the Novatek Project in Yamal
The State Duma Committee on Budget and Taxes supported the adoption in the first reading of a bill establishing a zero severance tax rate for gas produced in Yamal and Gydan for the production of ammonia and hydrogen. It can be submitted to the State Duma on May 31. The …
Russian Oilmen Increased the Commissioning of Oil Wells in April by 16.5%
The commissioning of new oil wells in Russia in April 2023 increased by 16.5% compared to April last year and amounted to 627 wells. This was reported by two sources of Vedomosti, familiar with the statistics of the Ministry of Energy. The growth rate for vertically integrated oil companies (VIOCs) …
Saudi Aramco Will Take Part in the Development of a Gas Field in Iraq
Saudi Aramco will participate in the development of the Akkaz gas field in western Iraq’s Anbar province to produce 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel Ghani announced on Thursday while attending an Iraqi-Saudi coordination council. The ministry’s press service quoted him as saying. …