Japex Drilling a Potentially Revolutionary Offshore Well in Japan
Japan Petroleum Exploration (Japex) has begun drilling an exploration well on the Hidaka offshore area, Hokkaido, Japan.This was reported by the company’s press service. The well is being drilled approximately 50 km from the shore and 5 km northwest of an exploration well drilled in 2019at a depth of 1,070 …
Rosneft Develops Technologies for Drilling and Well Development
RN-Yuganskneftegaz, a key production asset of the Company, held an annual specialized technological forum to consolidate best practices in the implementation of innovative drilling and well development technologies. This year, the event brought together representatives of Rosneft’s subsidiaries and leading service companies in the country. Specialists shared new technological solutions …
Ministry of Natural Resources Proposed to Strengthen Support for Companies Operating at Mature Fields
The Ministry of Natural Resources proposes to strengthen state support for companies developing mature and high water-cut fields, said Minister Alexander Kozlov at an expanded meeting of the Rosnedra board. “I would also like to say a few words about hard-to-recover reserves (TRIZ). In the structure of production from proven …
New Gas Reserves Discovered at the Largest Field in the Philippines
The Philippine company Prime Energy, operator of service contract No. 38 (SC 38), has discovered new natural gas accumulations offshore Palawan on the continental shelf of the Philippines.This was reported by the company’s press service. The company successfully tested the new Camago-3 well, which recorded a flow rate of about …
Cumulative Gas Production at Semakovskoye Field Reaches 25 bcm
RusGazAlliance, a joint venture of Gazprom and RusGazDobycha, has produced more than 25 billion cubic metres of natural gas at the Semakovskoye gas field in the Yamalo-Nenets Autonomous Okrug (YNAO). This was reported by the company’s press service. RusGazAlliance, the operator of the field, reached this milestone within 39 months …
Oil Production in Khanty-Mansi Autonomous Okrug Increased by 2.6% in January–February
Oil production in January–February in Russia’s largest oil-producing region, the Khanty-Mansi Autonomous Okrug – Yugra, increased by 2.6%, and by the end of 2026 it is expected to remain at least at the level of 2025, said Egor Zbrodov, First Deputy Director of the Department of Subsoil Use and Natural …
Alexander Dyukov Reports Dialogue with the Ministry of Finance on Stimulating Drilling and the Fuel Damping Mechanism
Expansion of the Fourth Group of Fields under the Added Income Tax Also Under Discussion Oil companies are in dialogue with the Ministry of Finance regarding the expansion of the fourth group of fields developed under the Added Income Tax, as well as measures to stimulate drilling. Adjustments to the …
Gazprom Neft Plans to Increase Hydrocarbon Production in 2026
Gazprom Neft plans to increase hydrocarbon production in 2026, primarily oil, company head Alexander Dyukov told journalists. “There are quotas established under the OPEC+ agreement. Our task is to produce oil in accordance with these quotas. Overall, this year we plan to increase hydrocarbon production, primarily oil,” he said. The …
Surgutneftegas Stated It Could Increase Oil Production
Surgutneftegas has the technical capability to increase oil production given the current situation on the global market, company head Vladimir Bogdanov told journalists on the sidelines of the Russian Union of Industrialists and Entrepreneurs (RSPP) congress. Bogdanov added that before the OPEC+ agreement came into effect, the company produced 60 …
KazMunayGas Suspends Development of Caspian Fields with LUKOIL Due to Sanctions
The implementation of a project involving LUKOIL for the development of the Kalamkas-Sea and Khazar fields in the Kazakh sector of the Caspian Sea has been suspended, Chairman of the Management Board of KazMunayGas, Askhat Khassenov, said during a video conference with analysts. “Last year, we completed the design phase …