A Zero Mineral Extraction Tax Has Come Into Force For The Production of Gas Used For The Production of Hydrogen And Ammonia
On January 1, a law came into force establishing a zero rate of mineral extraction tax (MET) for the extraction of gas and (or) gas condensate in subsoil areas located wholly or partially on the Yamal and (or) Gydansky peninsulas in the Yamalo-Nenets Autonomous Okrug, used exclusively for the production …
ExxonMobil Has Finally Left Iraq
The American oil company has finally abandoned the West Qurna 1 project in southern Iraq, transferring operational functions at one of the world’s largest oil fields to PetroChina. In 2023, the Iraqi authorities approved an agreement to transfer ExxonMobil’s 22.7% share in the West Qurna-1 project to the state-owned Basra …
Belarusian Oil Workers Produced a Record 1.87 Million Tons of Oil in 2023
The Belorusneft company noted that 201 thousand tons of oil were produced from wells drilled last year. The Belorusneft company produced a record 1.87 million tons of oil in 2023. The BelTA agency reported this with reference to company data. The company noted that 201 thousand tons of oil were …
KazMunayGas Plans to Produce Up to 6.7 Billion Cubic Meters of Gas Per Year By 2030
KazMunayGas is developing a Gas Strategy, within which it plans to increase natural gas production to 6.7 billion cubic meters per year by 2030, excluding large projects – Tengiz, Karachaganak and Kashagan, Kazinform agency reports with reference to the press service of the national company KMG. In 2023, the exploitation …
Kazakhstan Plans to Commission Two Large Gas Fields
The national company of Kazakhstan Kazmunaigas intends to commission the Western Prorva and Kalamkas fields in 2027, production will amount to 1.1 billion cubic meters per year, the KMG press service reported on Friday. “In 2027, Kazmunaigas intends to put into operation the Western Prorva and Kalamkas fields. Gas production …
Belorusneft’s Well Stock Was Replenished With 66 New Objects in 2023
Belorusneft’s well stock was replenished with 66 new objects in 2023, Belorusneft Deputy General Director for Geology Petr Povzhik told BELTA. In total, by the end of 2023, the company drilled 66 new wells. The volume of production from them amounted to 201 thousand tons of oil, said Petr Povzhik. …
The Number of Oil and Gas Drilling Rigs in The World Decreased in December
The number of operating drilling rigs for oil and gas production around the world in December decreased by 55, or 3.1%, to 1,739, according to data from the American oil and gas service company Baker Hughes. Over the year, the number of operating drilling rigs decreased by 95, or 5.2%. …
Turkmengaz and The Emirates ADNOC Intend to Work on The Development of The Galkynysh Gas Field
The parties signed a memorandum of understanding on cooperation in the development of this field. Turkmengaz and the Abu Dhabi National Oil Company (ADNOC) signed a memorandum of understanding on cooperation in the development of the largest gas field in Turkmenistan – Galkynysh. The document was signed following the visit …
Oil Production in Khanty-Mansiysk Autonomous Okrug in 2023 Decreased By 3.1%
In 2023, 216 million tons of oil were produced in the Khanty-Mansi Autonomous Okrug (KhMAO). This follows from the materials of the Department of Subsoil Use and Natural Resources of the Khanty-Mansi Autonomous Okrug. Oil production in Khanty-Mansi Autonomous Okrug In 2023, 216 million tons of oil were produced in …
Nostrum Has Begun Re-drilling Wells at The Chinarevskoye Oil and Gas Condensate Field
Nostrum Oil & Gas PLC has begun re-drilling well No. 301 at the Chinarevskoye oil and gas condensate field (OGCF) in Kazakhstan. The company’s press service reports this. Re-drilling program Well No. 301 is the 1st of 2 wells provided for by the re-drilling program at the Chinarevskoye oil and …