BP Expects to Complete Drilling of a New Exploration Well in Shah Deniz by 2024
By the end of 2023, BP plans to complete drilling of a new exploration well “SDX-8” at the Shah Deniz field in the Azerbaijani sector of the Caspian Sea. “This exploratory drilling program at Shah Deniz is designed for 12 months. The well is being drilled from the previously undeveloped …
Rosneft Has Reduced the Cost of Hydrocarbon Production in Russia
Rosneft, thanks to strict cost control in the first quarter of 2023, reduced operating costs for hydrocarbon production in Russia by 5% qoq to less than $3 per barrel of oil equivalent, the company said. “The company is systematically working to reduce operating costs to a minimum level, despite the …
Azerbaijan Expects to Start Gas Production from Deep Layers of ACG Field Block in 2024 – Ilham Aliyev
Gas production from deep-seated reservoirs (deep-gas) of the Azeri-Chirag-Guneshli (ACG) block of fields is planned by the end of 2024, Azerbaijani President Ilham Aliyev said. “If everything goes according to our plan, then by the end of next year we will have the first gas production (from deep-seated layers of …
Iran and Oman Agree to Jointly Develop the Hengam Field
Iran and Oman have signed an agreement on joint exploration of the Hengam joint oil field in the Strait of Hormuz in the Persian Gulf. The agreement was signed in the presence of President Ebrahim Raisi and Sultan Haytham bin Tariq Al Said of Oman in Tehran on Sunday, the …
Daily Production at Sakhalin-1 Increased by 1.8 Times, Igor Sechin Said
Daily production at Sakhalin-1 increased by 1.8 times in the first quarter, becoming the driver for the growth of Rosneft’s hydrocarbon production, but the forced shutdown of the project due to the departure of the American ExxonMobil had a negative impact on the technical conditions for field development, the head …
Rosneft Increased Hydrocarbon Production by 1.3 Percent
Rosneft in the first quarter of 2023 increased hydrocarbon production by 1.3% compared to the previous quarter, to 5.6 million barrels of oil equivalent per day, the company said. “Hydrocarbon production in the first quarter of 2023 reached 5.6 million barrels of oil equivalent per day, an increase of 1.3% …
Rosneft Increased Gas Production by 2.7 Percent
Rosneft increased gas production by 2.7% in the first quarter of 2023, to 1.5 million barrels of oil equivalent per day, the company said. “The company’s average daily gas production in the first quarter of 2023 reached 1.5 million barrels of oil equivalent per day, exceeding the figure for the …
Rosneft Brings New Software to the Foreign Market
Rosneft held a Technology Day, which was attended by over 100 representatives of major oil and gas companies, including Gazprom, Novatek, Lukoil, Zarubezhneft, Surgutneftegaz, Tatneft, Transneft and etc. At the event, specialists from the RN-BashNIPIneft corporate institute told their colleagues about the capabilities of the Rosneft science-intensive software line and …
Rosneft has Developed Software for Analysing the Properties of Hydrocarbons
Specialists of the scientific institute “RN-BashNIPIneft” have developed a software package for calculating the physical and chemical properties of hydrocarbons. This is an import-substituting IT product integrated into the corporate line of science-intensive software of Rosneft. The economic effect of its implementation is 250 million rubles. Development of technological potential …
The State Duma Approved the Zeroing of the Mineral Extraction Tax for the Novatek Project in Yamal
The State Duma Committee on Budget and Taxes supported the adoption in the first reading of a bill establishing a zero severance tax rate for gas produced in Yamal and Gydan for the production of ammonia and hydrogen. It can be submitted to the State Duma on May 31. The …