Oil Production in Azerbaijan in 2023 will Amount to 30.5 Million Tons
Oil production with condensate in Azerbaijan in 2023 compared to 2022 will decrease by 6.7% – to 30.5 million tons. This assessment is indicated in the conclusion of the Accounting Chamber on the draft state budget for 2024, which is available to the Interfax-Azerbaijan agency. In 2024, as the Chamber …
Petronas and ExxonMobil Discovered an Oil Field Offshore Suriname
Petronas Surinam E&P (a subsidiary of the Malaysian energy giant Petronas), and ExxonMobil Exploration and Production Surinam (a subsidiary of the American ExxonMobil), have explored new oil deposits on the continental shelf of Suriname. This was reported by the Petronas press service. Exploration well Roystonea-1 located in block 52, approximately …
Britain Intends to Annually Issue New Licenses for Gas and Oil Production
The UK government expects that this will reduce dependence on energy imports and also provide 200 thousand jobs The UK government intends to legislate the annual issuance of new licenses for the development of oil and gas fields to strengthen national security. This was announced by the office of Prime …
Belarusian Oil Workers are Introducing a Smart Coupling into the Production Process
Belarusian oil workers have developed and are successfully introducing into the production process a new innovation proposal – a special BIM coupling, Belorusneft told BELTA. How to speed up the technological process from the exit of the well from drilling to the start of hydraulic fracturing operations, to make it …
BP Begins Production at the Seagull Oil and Gas Field in the North Sea
British BP Plc has begun production at the Seagull oil and gas field in the British part of the North Sea, the company said in a press release. BP’s partners in this project are Neptune Energy and the Japanese JAPEX. The field, which was developed by Neptune Energy, is connected …
The Governor of the Krasnoyarsk Territory Spoke About Support for the Vostok Oil Project
The Krasnoyarsk Territory is not yet planning new support measures for the Rosneft Vostok Oil project, all benefits have already been introduced, the project is going according to plan, said the regional governor Mikhail Kotyukov. “Today our project has already been structured… Therefore, all the necessary support measures, federal, regional, …
Rosneft Spoke About Plans for the Development of Vostok Oil Fields
Rosneft plans to drill 12 thousand production wells at new fields of the Vostok Oil project until 2038, and will use domestic drilling rigs for this, said Andrey Polyakov, vice president and chief geologist of the company. “A program of pilot work on new fields in Taimyr was launched in …
57 Years Ago the Orenburg Oil and Gas Condensate Field was Discovered
November 6 marked the 57th anniversary of the discovery of the unique Orenburg oil and gas condensate field (OGCF). The field’s reserves amounted to almost 2 trillion cubic meters of gas. In Europe it was the largest. It contains many valuable components, including ethane and helium. In 1968, the creation …
Orenburgneft Doubled the Initial Well Production Rate Thanks to Fishbone Technology
The Orenburgneft company, which is part of the production asset of Rosneft Oil Company, has doubled the starting flow rate of a multilateral well at the North Kommunarskoye field. High performance has been achieved through the use of modern fishbone technology. The initial production rate of the well was 150 …
OMV will Begin Exploration Drilling on Libyan Assets in February 2024
Austrian OMV intends to begin exploratory drilling in Libya in February 2024. Company representatives announced this at a meeting at the headquarters of the National Oil Corporation of Libya (NOC) in Tripoli. The meeting was attended by the director of the exploration department of NOC, the deputy general director of …