Iran’s South Pars Gas Field Generates $130 Million Worth of Production Per Day
Iran’s South Pars Gas Field (SPGF) generates $130 million worth of output per day, according to Zargam Heydaria, an official from Bushehr province in southern Iran. The field has 13 refineries and 336 wells in the Persian Gulf producing more than 705 million cubic meters of gas per day, Heidariyeh …
Kazakhstan Intends to Reduce Oil Production From January 2024
According to the statement of the Republic’s Ministry of Energy, the country’s obligations under OPEC+ in the first quarter of 2024 will amount to 1.468 million barrels per day. Kazakhstan intends to reduce oil production starting in January 2024 as a contribution to preventing uncertainty in the oil market. This …
Venezuela Will Begin Issuing Gas and Oil Licenses in Disputed Essequibo
Venezuela will begin issuing licenses for the exploration and production of gas and oil in the territory of Essequibo, which is disputed by this Latin American country and Guyana, follows from the words of Venezuelan President Nicolas Maduro. “PDVSA (the largest oil and gas state company in Venezuela) will create …
Gazprom Presents Its Climate Strategy at UN Conference
A Gazprom delegation headed by Oleg Aksyutin, Deputy Chairman of the Gazprom Management Committee – Head of Department at Gazprom, took part in the 28th session of the Conference of the Parties to the UN Framework Convention on Climate Change. As part of the Energy Day organized by the Ministry of Energy of the Russian Federation, Oleg Aksyutin delivered a presentation on the topic “Climate Strategy of Gazprom up to 2050.” The …
Belorusneft Drillers Set a New Record
Belorusneft drillers set a new record, BelTA learned from the company. The team of the Svetlogorsk Drilling Operations Department became the author of a new record, set on December 4 by brigade No. 9 of drilling foreman Alexey Kuzhelev. In one day, his workers drilled 700 m of rock. This …
British Shell Has Two North Sea Drilling Targets Planned for Next Year
Deltic Energy, a London-based oil and gas exploration company investing in the UK’s established hydrocarbon provinces, has significant interests in a number of highly prospective licenses in the southern and central North Sea and is Shell’s joint venture partner in the UK’s southern North Sea. Deltic Energy said the Selena …
BP Began Drilling the First Production Well from a New Platform at ACG
BP-Azerbaijan announced the start of drilling the first production well from the new Central East Azeri (CEA) platform in the Azeri-Chirag-Gunashli (ACG) block in the Azerbaijani sector of the Caspian Sea. “Drilling of the first production well from the CEA platform began on December 4,” the company said in a …
Indonesia Approves Rokan Block Development Plan
Indonesia has approved a development plan for the Rokan block, which involves increasing oil recovery by displacing oil with steam. Reuters reports this. Let us recall that steam displacement of oil is a method of enhanced oil recovery (EOR) of formations, the most common when displacing high-viscosity oil. The volume …
The Cabinet of Ministers Expanded the List of Hard-to-Recover Reserves
Oil deposits of the Kuma-Kerestin formation in the North Caucasus and Paleozoic deposits of Western Siberia were brought there The Russian government has included oil deposits of the Kuma-Kerestin formation in the North Caucasus and Paleozoic deposits of Western Siberia in the list of hard-to-recover reserves, the ministry reported. The …
KazMunayGas Commissioned the Eastern Urikhtau Field
In the Mugalzharsky district of the Aktobe region, the commissioning of the Eastern Urikhtau field took place on December 4, Kazinform reports. As the official Telegram channel of the Samruk-Kazyna Foundation reported, the launch of the field will allow obtaining additional volumes of commercial and liquefied gas for the Aktobe …