KazMunayGas is Implementing New Technologies to Increase Average Daily Production Rate at Mature Fields
KazMunayGas (KMG) discussed the implementation of measures of the roadmaps for technological challenges at the company’s fields. This was reported by the KMG press service on June 30, 2024. Hard-to-recover reserves The main difficulties at KMG’s mature fields are associated with the development of hard-to-recover reserves (HTR). The roadmap of …
CNOOC Puts Wushi 23-5 Oil Field Into Operation
Chinese oil and gas giant China National Offshore Oil Corporation (CNOOC) has put the Wushi 23-5 oil field in the South China Sea into operation. This was reported by the company’s press service. Wushi 23-5 The company notes that this project is the first full-scale oil field of “green” design …
In the Yamal-Nenets Autonomous District They Figured Out How to Extract Hard-to-Recover Gas at the Medvezhye field
The Gazprom Dobycha Nadym company has found opportunities to extract gas reserves at the Medvezhye field in the Yamal-Nenets Autonomous District. Several exploration and prospecting wells have been drilled in the Senonian deposits. The most promising of them will be launched in test mode by the end of the year, …
China Will Begin Searching for Oil and Gas at a Depth of 10 km
China is creating a new organization that will unite national oil producers and other state-owned companies to search for ultra-deep oil and gas reserves, as well as the production of other hard-to-recover reserves, CNPC said, whose statement was cited by Reuters. This is in response to President Xi Jinping’s call …
RussNeft Withdrew from Assets in Azerbaijan
The company has no foreign production assets left. RussNeft has excluded from its structure companies that control assets in Azerbaijan, according to the updated list of affiliates of the oil company. The document excludes the connection between the PJSC and the British-Virginia GEA Holdings Ltd., which participates in a number …
France’s TotalEnergies Is Selling Its Stake in UK Gas Fields
The British The Prax Group became the owner of the Laggan, Tormore, Glenlivet, Edradour, Glendronach fields, the onshore gas plant in Shetland, as well as nearby exploration licenses. Source
TotalEnergies Sells Its Interests in Gas Fields in the UK
TotalEnergies is selling part of its gas assets in the UK. The company’s press service reported this. TotalEnergies has signed an agreement to sell its entire interest in the West of Shetland assets in the UK to The Prax Group. It includes the Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, …
CNOOC Limited Announced the Start of Oil Production as Part of the Enping 21-4 Field Development Project
The Chinese company CNOOC Limited (a subsidiary of the oil and gas giant China National Offshore Oil Corporation, CNOOC) began production as part of the Enping 21-4 oil field development project. The company’s press service reported this on June 27, 2024. Enping 21-4 Field opened in 2020; part of the …
Aker BP Discovers the Hassel Gas Field in the Barents Sea
Norwegian oil and gas company Aker BP has completed drilling of exploration well 7324/8-4 (Hassel) and explored a gas reservoir in the Barents Sea, approximately 300 km from the northern coast of Norway. This was reported by the Norwegian Offshore Directorate (NOD). Hassel field According to preliminary estimates, the volume …
Saudi Aramco Signs $25 Billion in Contracts to Expand Its Gas Projects
The company also noted that it will spend $8.8 billion to launch the third phase of the national Master Gas System. Saudi oil company Saudi Aramco has signed contracts worth more than $25 billion as part of its gas project development program. This is stated in a statement by Saudi …