Russia Has Figured Out How to Increase the Production of High-Viscosity Oil by up to 40%
A way to increase the production of high-viscosity oil by 20-40% was proposed by Tyumen State University scientists. According to the authors of the study, this can be achieved by optimizing the process of cyclic exposure of water vapor to the oil reservoir. The results were published in the Journal …
Tajikistan Will Soon Have a Lot of Oil and Gas
The Bokhtar project, which the Chinese CNPC took over from the French TotalEnergies in Tajikistan, has entered the implementation stage. The Chinese CNPC has begun implementing a project for the exploration and production of new hydrocarbon deposits in southwest Tajikistan. We are talking about the Bokhtar project, located in the …
It Lies at Great Depths and Requires New Technologies. What is Special about Oil Production in Belarus?
Oil in Belarus lies at great depths, and its extraction requires the use of new technologies. The head of the Main Directorate of Natural Resources of the Ministry of Natural Resources and Environmental Protection, Vasily Kolb, spoke about this in the BELTA YouTube project “In fact: decisions of the First”. …
Khanty-Mansi Autonomous Okrug Authorities Proposed to Simplify the Privatization of Mothballed Oil Wells
Oil companies are interested in purchasing mothballed state wells, which are located on the territory of the Khanty-Mansiysk Autonomous Okrug; this requires a change in legislation, said Sergei Filatov, director of the district department of subsoil use and natural resources. “Now our oilmen, especially independent companies, are very actively using …
An Ultra-Deep Well Was Put into Operation in South China
The well drilling depth is 9,508 m, horizontal displacement is 8,689 m China National Offshore Oil Corporation (CNOOC) announced that the country’s first ultra-deep well, Enping 21-4, has been successfully brought into production offshore the Pearl River Estuary. The drilling depth of the well is 9,508 m, the horizontal displacement …
Rosnedra Estimated the Volume of Hard-to-Recover Hydrocarbon Reserves
Hydrocarbon reserves classified as hard-to-recover in Russia are colossal, and “we need to work with them,” said the head of Rosnedra, Evgeny Petrov. “Today we have about 970 billion tons of geological hard-to-recover reserves, 3.4 billion recoverable. That is, these are colossal reserves that need to be worked with. And …
ExxonMobil Will Continue Development of Whiptail, the Sixth Project in the Stabroek Block Offshore Guyana
ExxonMobil said it has made a final investment decision to proceed with the development of Whiptail, the sixth project in the Stabroek block in Guyana, following receipt of the necessary government and regulatory approvals. The Whiptail project, which will use a FPSO (product storage and offloading vessel), will require an …
Norwegian Equinor and American EQT Corporation Exchanged Assets
Equinor has entered into a deal to swap its onshore US assets in the Marcellus and Utica shale formations in Ohio for an unexploited stake in the Northern Marcellus formation of US energy company EQT Corporation, a hydrocarbon exploration and pipeline operator with operations in Pennsylvania, West Virginia and Ohio. Equinor …
The East Siberian Oil and Gas Company Completed Winter Deliveries to the Yurubcheno-Tokhomskoye Field
The East Siberian Oil and Gas Company, a subsidiary of Rosneft, summed up the results of the operation of temporary winter roads in the Boguchansky and Evenkiy municipal districts of the Krasnoyarsk Territory. During the winter road period from December 2023 to April 2024, oil workers fulfilled the plan for …
Oil Production in Iran Reached 3.25 Million Barrels Per Day in March
The US Energy Information Administration (EIA) announced in its latest report that Iran produced 3.25 million bpd of oil in March 2024, an increase of 20,000 bpd from the previous month. According to the EIA report, oil production in Iran in February amounted to 3.23 million barrels per day. Iran …