British Shell, American APA and Argentine YPF Have Confirmed Their Interest in Searching For Oil Off The Coast of Uruguay
Uruguay’s state energy company ANCAP has signed contracts for four offshore blocks with three oil and gas players under the framework of the Open Uruguay Round, in effect since 2019. As a result, the British Shell, the American corporation APA and the Argentine national oil company (NOC) YPF will be …
The Cost of Gas Production at SOCAR Fields in 2022 Increased By 10%
The cost of gas production at the fields of SOCAR (State Oil Company of Azerbaijan) in 2022, compared to 2021, increased by 10.35% – to 67.57 manats ($39.74 at the current exchange rate) per 1 thousand cubic meters. Such data are provided in the company’s annual report for 2022, published …
LUKOIL Has Created the Largest-Scale Model of a Field in the Russian Federation
The digital twin of the Vatyeganskoye field in the Khanty-Mansi Autonomous Okrug covered the entire chain – from the reservoir to the central oil collection and treatment point. LUKOIL-Western Siberia has introduced an innovative model for managing hydrocarbon production based on integrated operations. The “smart field” project was implemented at …
Khudainatov’s Company is Expanding Its Assets in Khanty-Mansi Autonomous Okrug
IPC acquired subsidiaries of the British Ruspetro, and Nyaganneft acquired a number of wells in Yugra. The buyer of the former assets of the Ruspetro oil company in Khanty-Mansi Autonomous Okrug-Yugra was the Independent Oil and Gas Company, owned by former Rosneft President Eduard KHUDAINATOV. IPC acquired the bankrupt companies Inga …
Perenco Brazil Announces First Oil to FSO Pargo
Perenco Brazil is pleased to announce that first oil to the Floating Storage and Offloading (FSO) vessel, “FSO PARGO”, has been successfully received following issuance of all operational licensing from the Brazilian regulatory authorities earlier in December. The vessel’s operational start-up is the culmination of significant workstreams from Perenco’s technical …
Petrosibir: Production report November 2023
Petrosibir’s total oil production during November 2023 amounted to 19,721 barrels, equivalent to 657 barrels per day. The table below summarises the average monthly / daily production in 2023 and in 2022, broken down by region. 2022 2023 Average Jan Feb Mar Apr May Jun Total …
Gazprom and CNPC Discuss Joint Work Planned for 2024
The meeting of the Joint Coordinating Committee (JCC) of Gazprom and China’s CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Huang Yongzhang, Vice President of CNPC, took place today in Beijing. The meeting participants reviewed the results of their joint activities for 2023 and discussed the plans regarding key areas of cooperation for the …
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 …