In Ugra, It Was Proposed to Introduce Benefits for Exploration and Production of Hard-to-Recover Oil
According to the Federal Agency for Subsoil Use, in Russia over the past nine years, the volume of hard-to-recover oil reserves (TRIZ) has increased by 3.8 billion tons, an annual increase of three percent on average. In Western Siberia, 37 percent of the resources belong to this category. In the …
Belorusneft Drillers Set a New Record
A new bar has been reached today during the drilling of well No. 491 Rechitskaya Square. The record holder was drilling team No. 1, which passed 4,313 m of rocks in 24 days of drilling. Before that, the production peak was 4,258 m, set by the employees of drilling crew …
LetterOne Received 15% in Harbour Energy after Closing the Wintershall Deal
LetterOne International Investment Group, founded by Russian entrepreneurs Mikhail Fridman, Peter Aven and Alexey Kuzmichev, has received a 15% stake in the Scottish oil production company Harbour Energy. According to a statement released by Harbour Energy, on Wednesday the company closed a deal to acquire assets of the German Wintershall …
Nigeria Wants to Attract Russian Companies to Oil and Gas Projects
Nigeria should involve Russian companies in its projects for the exploration and development of oil and gas fields, Director General of the Women‘s Chamber of Commerce, Industry, Mining and Agriculture of Nigeria Oritseveyinmi Eribo told RIA Novosti. In June 2023, the Permanent Secretary of the Ministry of Petroleum and Natural …
The Ministry of Natural Resources Is Working on the “Continental Shelf” Project
The Ministry of Natural Resources of the Russian Federation is still deciding whether the Continental Shelf project will be a separate federal project or will be included in existing programs, Minister of Natural Resources and Ecology Alexander Kozlov told RIA Novosti at the Eastern Economic Forum. “We are currently working …
Saipem Will Carry Out Marine Engineering Work in Saudi Arabia Worth about $1 Billion
The work will be carried out under two contracts at the Marjan, Zulur and Safaniya oil and gas fields. Saipem has signed two contracts in Saudi Arabia as part of its current long-term agreement with Saudi Aramco. The total value of the two contracts is about $1 billion. Under the …
The Belorusneft Fund Was Replenished with Eight New Wells in August
In the last summer month, Belarusian oilmen completed drilling 8 new wells. Five of them were built at the Rechitsky field, one each at the Hartsevskaya, Vishanskaya and Tishkovskaya squares. In August, the HSE team handed over two installed drilling rigs to colleagues from the Svetlogorsk Drilling Operations Department – …
The Number of Drilling Rigs in the World Has Continued to Grow for Three Months in a Row
The number of operating oil and gas drilling rigs in the world continues to increase for the third month in a row. This is evidenced by data from the oilfield services company from the USA Baker Hughes. In August, 1,735 drilling rigs were operating in the world, which is 22 …
Belorusneft Intends to Produce at Least Two Million Tons of Black Gold in 2025
According to the CEO, in 2024, production is expected to be at least 1 million 930 thousand tons. Already in January–August, this figure amounted to 1 million 278 thousand tons plus the same period in 2023. “These are quite serious results for our region, they exceed the level planned for …
Rosneft Produced 131.3 Million Tons of Oil in the First Half of the Year
Rosneft‘s hydrocarbon production in the first half of the year amounted to 131.3 million tons of oil equivalent (5.362 million barrels per day), the company said. At the same time, the production of liquid hydrocarbons was recorded in the amount of 92.8 million tons (3.796 million b/d), gas – 46.8 …