KazMunayGas Plans to Produce an Additional 70 Million Tons of Oil Due to Hard-to-Recover Reserves
Kazakh oil company KazMunayGas JSC (KMG) intends to increase production in the future due to hard-to-recover oil, new technologies will be used for this. This was announced by the company‘s press service. “Regarding the increase in production, it was noted that 50% of oil reserves are difficult to recover. The …
With the Support of Rosneft, Research on the Continental Shelf in the Arctic Ocean continues
With the support of Rosneft within the framework of the strategic initiative of the Ministry of Natural Resources of Russia “Geology. The Rebirth of the Legend“ the exploration of the continental shelf in the Arctic Ocean continues. The day before, a specialized scientific research drilling vessel “Bavenit“ left the port …
BP Has Started Drilling a Second Production Well at the Azerbaijan’s ACG
British BP, the technical operator of the Azeri–Chirag–Guneshli (ACG) offshore project in Azerbaijan, has begun drilling a second well at the field from the Azeri Central East offshore platform. Oil began to be pumped from the first well in April, now the production volume is 8 thousand barrels, Interfax writes. …
The Office of Maritime Policy Will Protect Russia’s Rights on the Shelf
The Office of the President of the Russian Federation for National Maritime Policy will deal with issues of protecting Russia‘s rights on its continental shelf, follows from the regulations on the Office of the President of the Russian Federation for National Maritime Policy. The decree of the President of Russia …
In Izhevsk Import Units for Cleaning Drilling Fluids Will Be Replaced
They are needed for drilling complex multi-hole oil wells. The Izhevsk company United Solutions has developed gravity deposition units used on drilling rigs. This will allow domestic exploration and oil and gas companies to replace equipment from Europe and the USA. The Devon News Agency learned about this from a …
Belorusneft: We Constantly Support the Growth Trend of Annual Oil Production
“We constantly support the trend of annual oil production growth. And this year is no exception,“ Petr Povzhik stressed. “The technologies that we use today for the development of hard-to-recover reserves are mainly related to drilling long extended horizontal shafts (at least 2 km each horizontal well) and performing multi-volume …
TAGRAS Participates in the TatOilExpo-2024 Petrochemical Exhibition
From August 26 to 28, TAGRAS Holding will take part in the Tatarstan Petrochemical Forum and the International Exhibition TatOilExpo. The events will be held at the venues of the Kazan Expo IEC. The oilfield services Group presents new products and services for enterprises in the oil and gas industry. …
The Benchmark for the Record. Belorusneft Plans to Reach 232 Thousand Meters of Rock Penetration in 2024
“Over the past five years, in the Republic of Belarus, we have performed a total of more than 3 thousand square kilometers of 3D seismic, about 4 thousand square kilometers of 3D seismic materials processing, drilled 209 thousand meters of rocks in the direction of search and exploration, drilled 52 …
A Composite Pumpjack Has Been Created in Russia
It is lighter and more durable than metal ones. The Higher School of Petroleum (Almetyevsk) has developed a pumpjack with nodes made of composite material. It is lighter than an ordinary metal pumpjack, which oilmen are used to. The new equipment is also less energy-consuming, the news agency “Devon“ learned from …
Equinor and ExxonMobil Transfer Shares in a Marine Block in Suriname, Media Reported
Norwegian oil and gas group Equinor is leaving Suriname and, together with ExxonMobil, is transferring shares in the deepwater exploration block to the American energy company Hess, Reuters reports. “Equinor and ExxonMobil announced on Wednesday that they had transferred their shares in a deepwater oil and gas exploration block off …