RN-Nyaganneftegaz: Replenished Oil Reserves by 282% in 2021
The RN-Nyaganneftegaz company, which is part of the oil production block of Rosneft Oil Company, replenished its reserves by 282% or almost 13 million tons of oil in 2021 based on the results of geological exploration and production drilling. Increasing the efficiency of reserves replenishment is one of the key …
OPEC Daily Basket Price: Friday, 21 January 2022, Stood at $87.46 a Barrel
Vienna, Austria, 24 January 2022 – The price of OPEC basket of thirteen crudes stood at $87.46 a barrel on Friday, compared with $88.55 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
OPEC Daily Basket Price: Thursday, 20 January 2022, Stood at $88.55 a Barrel
Vienna, Austria, 21 January 2022 – The price of OPEC basket of thirteen crudes stood at $88.55 a barrel on Thursday, compared with $88.50 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
Gazprom Gas Production and Supplies: Results for First Half of January
According to preliminary data, Gazprom produced 23.1 billion cubic meters of gas between January 1 and 15, 2022, which is 2.1 per cent (or 0.5 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 3.7 per cent (or by 0.6 …
Severneftegazprom: Completes Drilling of 100th Well
OJSC Severneftegazprom has completed drilling of the 100th well of the complex intended for the production of hard-to-recover Turonian gas. In December 2021, the total production of Turonian gas from the depths of the field reached 10 billion cubic meters. m. OJSC Severneftegazprom is the first company in Russia that managed to …
OPEC Daily Basket Price: Wednesday, 19 January 2022, Stood at $88.50 a Barrel
Vienna, Austria, 20 January 2022 — The price of OPEC basket of thirteen crudes stood at $88.50 a barrel on Wednesday, compared with $88.08 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
OPEC Daily Basket Price: Tuesday, 18 January 2022, Stood at $88.08 a Barrel
Vienna, Austria, 19 January 2022 – The price of OPEC basket of thirteen crudes stood at $88.08 a barrel on Tuesday, compared with $86.54 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
INK: Drills the Longest Horizontal Hole in the History of the Company
Irkutsk Oil Company LLC drilled the longest horizontal well at 2065 meters. This is the longest horizontal section in INC history in 21 years. The record was recorded at the Bolshetirskoye oil field. The work was carried out on a modern Bentec HR 5000 drilling rig. Previously, the maximum horizontal drilling rate …
OPEC Monthly Oil Market Report, January 2022
Crude Oil Price Movements Both crude oil spot and futures prices fell for the second-consecutive month in December. Major physical crude benchmarks decreased about 9%, m-o-m, on growing concerns that the rapid spread of the Omicron COVID-19 variant may have an impact on the global economy and oil demand. The …
Samotlorneftegaz: Increases the Speed of Drilling Horizontal Wells
Samotlorneftegaz, which is part of Rosneft’s oil production unit, has drilled two horizontal wells using a unique bicentric bit design. Such a constructive solution made it possible to increase the average ROP to 53.5 m/h, which is 23.5 m/h higher than the planned figure. In addition to increasing the penetration rate, …