Kazakhstan Intends to Increase Gas Production by 2.3%
The Minister of Energy of the Republic Almasadam Satkaliev said that the main increase in gas production is envisaged at the expense of large fields – Karachaganak, Tengiz and Kashagan. The Ministry of Energy of Kazakhstan plans that gas production in the republic in 2024 will increase by 2.3%, to …
“Investments in the Development of Hard-to-Recover Reserves in Small and Medium-Sized Fields Will Help to Avoid Resource Shortages”
New deposits and the development of difficult deposits could replenish the country with mineral reserves, but “if the process is not changed, Russia may face a shortage of necessary resources.” This forecast is given by Sergei Neruchev, an expert in the field of mining, candidate of geological and mineralogical sciences, …
POGC Begins Drilling 35 New Wells in South Pars
Pars Oil and Gas Company (POGC) has begun a project to drill 35 new wells in the South Pars gas field to increase and maintain gas production from the combined giant field. According to POGC, the operation was officially launched on Tuesday at a ceremony attended by the head of …
The IEA Predicts a 6% Increase in Gas Production in Russia in 2024
It could reach 675 billion cubic meters. Gas production in Russia in 2024 could grow by almost 6% and amount to 675 billion cubic meters, follows from the report of the International Energy Agency (IEA) on the gas market. This forecast is higher than the organization’s previous estimate of 670 …
NOVATEK Reports Preliminary Operating Data for the Second Quarter and First Half 2024
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the second quarter and first half 2024. In the second quarter 2024, NOVATEK’s hydrocarbon production totaled 163.3 million barrels of oil equivalent (boe), including 20.60 billion cubic meters (bcm) of natural gas and 3.4 million tons (mmt) of liquids (gas condensate and …
Norilskgazprom Will Drill Five New Wells at the Pelyatkinskoye Gas Condensate Field
The company’s investment in the project will amount to about 10 billion rubles. The Norilskgazprom company (part of Norilsk Nickel) has started drilling five new wells at the Pelyatkinskoye gas condensate field (GCF) for the first time in 10 years; they are planned to be put into operation in 2026, …
ADNOC Began to Use the Artificial intelligence AIQ Robowell on the shelf
The National Oil Company Abu-Dabi Adnoc announced the deployment of Robowell, an innovative solution of artificial intelligence AIQ for autonomous control of wells in its operations at the offshore NASR field. This is the world’s first offshore deployment of Robowell. Robowell uses the AI cloud algorithms for autonomous operation of …
Tatneft Will Participate in the Project to Develop the Bibi-Heybat Field in Azerbaijan
The head of the company, Nail Maganov, noted that Bibi-Heybat is one of the oldest deposits in the republic. Tatneft will participate in a project to develop one of the oldest fields in Azerbaijan – Bibi-Heybat, where it will work together with the Azerbaijani company Socar on the introduction of …
Energy Recovery During Waterflooding Will Reduce the Cost of Oil Production
Perm Polytechnic scientists have developed a technology to increase the efficiency of oil production. To do this, during reservoir flooding, the energy already expended during production is reused. The Devon News Agency learned about this from a message from the Perm National Research Polytechnic University. Waterflooding is the injection of …
Lukoil Has Invested $7.5 Billion in Projects in Uzbekistan Over 20 Years
During its work in the republic, the company produced 134.4 billion cubic meters of natural gas. Over the course of 20 years of work in Uzbekistan, Lukoil has invested $7.5 billion in projects in this country. The company’s press service reported this in connection with the 20th anniversary of work …