Oil & Gas Operators

Vienna, Austria, 21 January 2022 – The price of OPEC basket of thirteen crudes stood at $88.55 a barrel on Thursday, compared with $88.50 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

According to preliminary data, Gazprom produced 23.1 billion cubic meters of gas between January 1 and 15, 2022, which is 2.1 per cent (or 0.5 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 3.7 per cent (or by 0.6 …

OJSC Severneftegazprom has completed drilling of the 100th well of the complex intended for the production of hard-to-recover Turonian gas. In December 2021, the total production of Turonian gas from the depths of the field reached 10 billion cubic meters. m. OJSC Severneftegazprom is the first company in Russia that managed to …

Vienna, Austria, 20 January 2022 — The price of OPEC basket of thirteen crudes stood at $88.50 a barrel on Wednesday, compared with $88.08 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Vienna, Austria, 19 January 2022 – The price of OPEC basket of thirteen crudes stood at $88.08 a barrel on Tuesday, compared with $86.54 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Irkutsk Oil Company LLC drilled the longest horizontal well at 2065 meters. This is the longest horizontal section in INC history in 21 years. The record was recorded at the Bolshetirskoye oil field. The work was carried out on a modern Bentec HR 5000 drilling rig. Previously, the maximum horizontal drilling rate …

Crude Oil Price Movements Both crude oil spot and futures prices fell for the second-consecutive month in December. Major physical crude benchmarks decreased about 9%, m-o-m, on growing concerns that the rapid spread of the Omicron COVID-19 variant may have an impact on the global economy and oil demand. The …

Samotlorneftegaz, which is part of Rosneft’s oil production unit, has drilled two horizontal wells using a unique bicentric bit design. Such a constructive solution made it possible to increase the average ROP to 53.5 m/h, which is 23.5 m/h higher than the planned figure. In addition to increasing the penetration rate, …

Vienna, Austria, 18 January 2022 – The price of OPEC basket of thirteen crudes stood at $86.54 a barrel on Monday, compared with $85.46 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

PAO NOVATEK today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2021. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 16,409 million barrels of oil equivalent (boe), including 2,261 billion …