“GAZPROMNEFT-THE EAST” IS DEVELOPING GAS TRANSPORTATION INFRASTRUCTURE ASSETS
“Gazpromneft-Vostok” has started the construction of the pipeline, which will send the associated gas from the booster pump station of Archinskoye field on daimou compressor station Urmanskoye field in the Tomsk region. The design capacity of the 18-kilometer gas pipeline will be 250 million m3 of gas per year. The …
OPEC Daily Basket Price: Thursday, 14 March 2019, Stood at $67.29 a Barrel
Vienna, Austria, 15 March 2019–The price of OPEC basket of fourteen crudes stood at $67.29 a barrel on Thursday, compared with $66.60 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), Girassol (Angola), Djeno …
LUKOIL Supplies 10 Million Tonnes of Oil from Filanovsky Field to CPC System
LUKOIL has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea and onshore pipelines to ship oil ashore. Before oil enters the CPC system and goes on for export, it is delivered …
OPEC: Release Monthly Oil Market Report
OPEC have released their Monthly Oil Market Report and you can read it in full by downloading it HERE
Kazakhstan & Italy Ink New Energy Deal
Companies from Kazakhstan and Italy may soon be conducting joint exploration of the Abay oil and gas block in Kazakhstan’s sector of the Caspian Sea. Earlier this week representatives signed a joint operating agreement (JOA) and negotiated a carry agreement (CA) for the purpose of investing in the upstream project. Kazakhstan’s state-owned …
OPEC Daily Basket Price: Wednesday, 13 March 2019, Stood at $66.60 a Barrel
Vienna, Austria, 14 March 2019–The price of OPEC basket of fourteen crudes stood at $66.60 a barrel on Wednesday, compared with $66.30 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), Girassol (Angola), Djeno …
RDCR 2019: 4 Weeks to Go! Presentation Update & Delegate Snapshot
With less than 4 weeks to go until the RDCR Well Engineering Forum, we are pleased to announce further sponsors and provide a quick snapshot of the delegates confirmed to date, a full list will be announced next week. Sponsorship Update: MTU Friedrichshafen confirms Gold Sponsorship: MTU is a regular …
Results of the TATNEFT’s Reservoir Pressure Maintenance System Development in 2018
Acting within the framework of the Concept of RPM (reservoir pressure maintenance) System Development until TATNEFT Company has continued the introduction of promising technologies to maintain the reservoir pressure, aimed at improving the production efficiency and reducing the energy costs. In 2018, the plan the Company put into operation 143 …
RN-Uvatneftegaz: Reserve Replacement Running at 238%
Replenishment of oil reserves of RN-Uvatneftegaz, a subsidiary of Rosneft, amounted to 238% in 2018. Replacement reserves of industrial categories АВ1С1 amounted to 25.2 million tons. High rates of exploration and drilling allowed to achieve such growth. According to the exploration program, 17 exploratory and exploratory wells were built on …
Tyumenneftegaz: Achieves 30% Increase in Downhole Splitter Drilling at the Russkoe Field
Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in length. This technology enables increasing a start-up oil rate by 20-30%, as compared to a conventional horizontal well. Given geology …