Oil & Gas Operators

Sergei Radkov Will Be Appointed Acting General Director Of Rosgeologia

At the same time, the head of the Russian Ministry of Natural Resources, Alexander Kozlov, noted that Sergei Gorkov, who has headed the holding since April 2019, will remain on the board. Deputy General Director of Rosgeologiya Sergei Radkov will be appointed acting head of the holding. This was announced …

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Oil & Gas Operators

83 Reserve Deposits Will Be Put Up For Auction In Kazakhstan

Last year, 2 auctions were held in Kazakhstan for 74 subsoil plots. Chairman of the Geology Committee of the Ministry of Railways of the Republic of Kazakhstan Erlan Akbarov announced this at a briefing in the Central Communications Service, a Kazinform correspondent reports. — Last year, 2 auctions were held …

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Oil & Gas Operators

Lukoil May Increase Investments In Geological Exploration By 30% In 2024

According to the head of the company’s geological exploration department, Alexander Semyanov, investments could grow to 47 billion rubles compared to 36 billion rubles in 2023. Lukoil’s investments in geological exploration may grow by 30% this year – to 47 billion rubles, compared to 36 billion rubles in 2023, follows …

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Oil & Gas Operators

Venezuelan PDVSA Chevron Joint Venture Launches New Drilling Plan

Petroindependentcia, a joint venture between Venezuelan state oil company PDVSA and US company Chevron, has begun a new drilling campaign, PDVSA said in a statement on Monday. The United States eased oil sanctions on Venezuela in October following an agreement to guarantee elections between the South American country’s government and …

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Oil & Gas Operators

Alexander Novak Reported Russia Transferred More Than Half of Its Oil Production to AIT

As the Deputy Prime Minister noted, the transfer of fields producing viscous and super-viscous oil to the 3rd group of AIT will additionally ensure an increase in the level of oil extraction in the country to 50 million tons by 2035 Russian oil workers transferred 52% or about 250 million …

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Oil & Gas Operators

The Advantages of Transferring Viscous & Super-Viscous Oil to Group III AIT are Named

The transfer of fields with viscous and extra-viscous oil to the third group for the payment of tax on additional income from production (API) will allow increasing production to 50 million tons by 2035, said Deputy Prime Minister Alexander Novak in an opinion article in the Energy Policy magazine. “Since …

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Oil & Gas Operators

A Company From China Received Licenses to Search For Oil&Gas on the Mozambique Shelf

The licenses provide for CNOOC to carry out geological exploration work in these areas, which includes, among other things, obtaining 3D seismic data from an area of 26 thousand square meters. km and drilling of at least four exploration wells Licenses for oil and gas exploration in five areas on …

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Oil & Gas Operators

Belarusian Oil Workers Set a New Record for Rock Drilling

In March of this year, the team of the Svetlogorsk Drilling Directorate drilled 23,159 m of rock. This is almost 2 thousand m more than the previous record figure set in September 2023 – 21,438 m. The SUBR emphasized that this is the result of the coordinated work of specialists …

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Oil & Gas Operators

The Ministry of Natural Resources Received Three Applications for Geological Exploration of Subsoil Areas in the Seas This Winter

All three areas are located in the Kara Sea The Russian Ministry of Natural Resources received applications for geological exploration of three subsoil areas in the Kara Sea during the “winter window” for submitting applications – from December 1 to January 31. This was reported to TASS by the press …

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Oil & Gas Operators

Rosgeo Engineering & Geological Fleet Drilled 103 Wells on the Arctic Shelf in 2023

The research fleet of JSC “Arctic Marine Engineering and Geological Expeditions” (AMIGE, a subsidiary of Rosgeologiya) in 2023 fulfilled 100% of its obligations under commercial and government contracts. Last year, 103 shallow wells for various purposes were drilled on the Arctic shelf of the Russian Federation with a total penetration …

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