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 …
Oilmen Introduced an Innovative Management Model at a “Smart” Field in Ugra
Thanks to digitalization, the enterprise has increased the efficiency of decisions made. At the Vatyegan group of fields in the Khanty-Mansi Autonomous Okrug, the LUKOIL-Western Siberia company introduced an innovative model for managing hydrocarbon production based on integrated operations. This became possible thanks to the implementation of the “Intellectual Field” …
The Duma Adopted a Law Introducing Special Requirements for Participants in Subsoil Auctions
The State Duma adopted in the third reading amendments to the law “On Subsoil”, which, in particular, introduce special requirements for participants in auctions for subsoil plots from January 1, 2024. In accordance with government bill No. 222049-8, special requirements will be established by government decision on behalf of the …
The Largest Center for Studying Core and Formation Fluids Opened in Perm
Today in Perm the opening of the Core and Reservoir Fluids Research Center, built by the LUKOIL Company, took place. This is one of the priority projects in the region. The new Center, part of LLC LUKOIL-Engineering (a subsidiary of PJSC LUKOIL), will provide high-precision scientific research for the search, …
Harbor Energy is Preparing to Drill an Exploration Well in The North Sea
Harbor Energy Norge, the Norwegian subsidiary of Harbor Energy, has received permission from the country’s authorities to drill an exploration well in the North Sea. This was reported by the press service of the Norwegian Petroleum Directorate (NPD). Program for well 15/9-25 provides for the drilling of an exploration well; …
Malaysia Discovered Very Large Oil and Gas Reserves in 2023
Malaysia’s national oil company Petronas said more than 1 billion boe had been discovered in the country this year through new exploration drilling. Petronas said the new resources resulted from 19 exploration discoveries and two successful exploration and appraisal activities. A total of 25 exploration wells were drilled, which was the …
Norway’s Equinor and Okea Argue Over Reserves and Costs at Statfjord Field
Norway’s Equinor and compatriot Okea are at loggerheads over a deal for a major stake in the Statfjord project after Okea revealed the field had fewer reserves and higher costs than first thought. In March, Okea agreed to acquire a 28% stake in block PL 037 (Statfjord area) from Equinor …
The Number of Oil and Gas Rigs in The World Increased for The Second Month in a Row in November
The number of active oil and gas drilling rigs in the world increased in November for the second month in a row, reported the American oil services company Baker Hughes. On average, 1,794 installations were operating in the world in November compared to 1,777 in October. At the same time, …
US Oil Production Set a World Record in September
The level of oil production in the United States in September increased by a maximum of 1.7% in six months in monthly terms and reached a record 13.24 million barrels per day (b/d), the Energy Information Administration (EIA) of the country’s Department of Energy reported. The Financial Times calls the …