Iran Has Started Developing Two Oil Fields
Iranian authorities on Saturday began developing two oil fields called Sepehr and Jafir, located in the southwestern Iranian province of Khuzestan. Iranian Oil Minister Javad Ouji said that the average production volume from the two fields is estimated at 74 thousand barrels per day. “In the presence of President Ebrahim …
Russia Extended The Suspension Of Publication Of Oil statistics
The measures will be in force until April 1, 2025. The Russian government has extended the suspension of publication of statistics on oil, gas and condensate production until April 1, 2025. This is stated in the order of the Cabinet of Ministers signed by Russian Prime Minister Mikhail Mishustin, which …
A Large Oil Field Was Discovered On The Shelf Of Côte d’Ivoire
Reserves are estimated at 1.5-2 billion barrels. A large oil field has been discovered on the shelf of Côte d’Ivoire in the waters of the Gulf of Guinea. This was reported by the business news agency Ecofin. The field’s reserves are estimated at 1.5-2 billion barrels of oil and up …
TotalEnergies And QatarEnergy Invest In Oil Production In South Africa
Energy companies TotalEnergies and QatarEnergy are buying shares in exploration block 3B/4B in the Orange Basin offshore South Africa, according to a TotalEnergies press release. “TotalEnergies and QatarEnergy have signed an agreement to acquire interests in Block 3B/4B, located offshore South Africa, from Africa Oil, Azinam (a subsidiary of Eco …
Exxon And Petronas Hope To Repeat Guyana’s Success Offshore Suriname
Exxon and Malaysia’s state-owned Petronas will extend exploration of a gas field off the coast of Suriname, the country’s national oil company Staatsolie said. Expecting a repeat of the huge oil and gas success in the same basin offshore Guyana, researchers in Suriname are also reportedly considering a floating LNG …
Drilling Volumes In The Russian Federation Increased By 70% In 2023
The head of Rosnedra, Evgeny Petrov, noted that the data suggests that literally within one to two years, companies will be able to put on their balance sheet a fairly good resource base and mineral reserves, as well as open large deposits. The volume of well drilling in Russia increased …
KazMunayGas Plans To Drill Three Exploration Wells This Year
“KazMunayGas plans to drill more than three exploration wells this year,” said Magzum Mirzagaliyev, Chairman of the Company’s Board, in an interview with the press service. Equipment is already being mobilized at a well in the Kyzylorda region at the Turgai Paleozoi site; it is planned to go to great …
Udmurtneft Replenished Oil Reserves By 152% In 2023
The Udmurtneft company (operating under the management of Rosneft Oil Company and the Chinese petrochemical corporation Sinopec) in 2023 replenished oil reserves by 152%. Increasing the efficiency of reserve replenishment is one of the key elements of Rosneft’s development strategy. The company plans to replenish at least 100% of produced …
Orenburg Gas Producers Are Creating A Digital Test Site
The Gazprom Dobycha Orenburg company is creating a digital testing ground for testing automated control systems, information technologies and testing innovative solutions related to production processes. The new project is one of the enterprise’s initiatives within the framework of the digital transformation strategy of PJSC Gazprom. “The main functional areas …
Gazprom Has Launched A Tender For The Sale Of Assets In The North Sea
Gazprom International Limited (a subsidiary of Gazprom) has launched a tender for the sale of assets in the North Sea, including a 50% stake in a joint venture with the German Wintershall Dea, according to the company’s materials on the ETP Gazprombank electronic platform. MKOO Gazprom International Limited has begun …