The Economic Effect from the Implementation of Innovations at Verkhnechonskneftegaz in 2025 Exceeded 1 Billion Roubles
Verkhnechonskneftegaz (part of Rosneft) achieved an economic effect of more than 1 billion roubles in 2025 through the implementation of a production efficiency improvement programme. Proposals from the company’s specialists were introduced into the operation of pumping equipment, electrical equipment, casing and production strings, logging systems, as well as in …
Rosneft Increases the Economic Efficiency of Well Repairs
Samotlorneftegaz, one of the key production assets of Rosneft, has increased the efficiency of well repairs through the introduction of flexible steel-polymer pipe of Russian manufacture. The use of modern polymer coatings in the pipe structure reduces heat loss during operations to melt hydrate-paraffin deposits in the well. In addition, …
OPEC+ Countries Agree on Oil Production Increase Following UAE Withdrawal
Seven OPEC+ countries with voluntary production cuts (Russia, Saudi Arabia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman) are likely to agree on another increase in oil production quotas; however, it will be adjusted to take into account the UAE’s withdrawal from the organisation, Reuters reported citing sources. The Emirates News Agency …
The Government of Sierra Leone Signed a Contract with Marginal Energy for Hydrocarbon Production in the Country
The deal value amounts to 225 million United States dollars The Government of Sierra Leone has signed an agreement with Nigerian company Marginal Energy for the exploration and production of hydrocarbons on the country’s continental shelf.This was reported by the Petroleum Directorate of Sierra Leone (PDSL). The licence covers five …
Equinor Drilled a Dry Well in the North Sea
Equinor and its partners drilled a dry well in the Skoll and Hati subsoil blocks east of the Visund field in the North Sea off the coast of Norway.This was reported by the Norwegian Offshore Directorate (NOD). Exploration well 34/8-A-37 H was drilled under licence PL120, located 140 kilometres west …
Vaalco Energy Received an Oil Flow of Nearly 5 Thousand Barrels per Day Offshore Gabon
American Vaalco Energy reported positive results of exploration activities on the continental shelf of Gabon.The company put into operation the directional well Etame-14H, which encountered a productive interval of about 325 metres in the sandstones of the Gamba formation. The initial production rate of the well amounted to about 4.85 …
Eni Discovers Giant Gas Field in Indonesia
Italian company Eni has discovered a giant natural gas field on the Indonesian continental shelf, the company’s press service reports. The discovery was made while drilling the Geliga-1 exploration well in the Ganal block, approximately 70 kilometres off the coast of East Kalimantan. Preliminary estimates indicate resources of about 5 …
TotalEnergies Signed Exploration Agreement with Turkey’s TPAO
French TotalEnergies has signed a Memorandum of Understanding (MoU) with Turkey’s Türkiye Petrolleri Anonim Ortaklığı (TPAO) предусматривающий развитие сотрудничества в сфере геологоразведки. This was reported by the company’s press service. The agreement is aimed at conducting exploration activities in the Black Sea, as well as implementing joint projects at the …
Petrobras Discovered Oil in the Deepwater Part of the Campos Basin
Petroleo Brasileiro SA (Petrobras) discovered oil and natural gas accumulations in the deepwater part of the prolific Campos Basin on the continental shelf of Brazil. This was reported by the company’s press service. Petrobras intensified exploration activities on its core acreage in an effort to unlock additional reserves. The company …
Rosneft Developed a New Method for Selecting Casing Pipes
Specialists of the Ufa design institute of Rosneft developed a methodology for selecting casing pipes at fields with high content of corrosive components. The actual economic effect from the implementation of the innovation exceeded 3 million rubles per well. Scientists analyzed more than 8,500 wells across 93 fields operated by …