The Number of Drilling Rigs in the US Fell by 13% Compared to Last Year
The number of operating oil drilling rigs, a key indicator of future production, fell again in the US to 478, the lowest since 2021. The number of drilling rigs in the US has been steadily falling: in 2023, the decline was 20%, and in 2024, the decline continued. The reason …
In Saudi Arabia New Oil and Gas Fields Were Opened
The Minister of Energy of Saudi Arabia, Prince Abdeliaziz Ben Salman, announced the opening of seven new oil and gas deposits in the eastern province of the kingdom and in the Rub-El Khali desert. According to the Minister, which is quoted by the Saudi news agency SPA, the National Oil …
The Belorusneft Well Stock Was Replenished with 36 New Objects in the First Half of the Year
In January – June, Svetlogorsk drillers drilled 119,521 m of rock. Thus, in June, drilling of 7 new wells was completed – 4 at the Rechitsa field, one each at the Beskopylnovskaya, Vishanskaya, Ostashkovichskaya areas. In June, the team of the rig assembly department handed over four assembled drilling rigs …
CNOOC Puts Wushi 23-5 Oil Field Into Operation
Chinese oil and gas giant China National Offshore Oil Corporation (CNOOC) has put the Wushi 23-5 oil field in the South China Sea into operation. This was reported by the company’s press service. Wushi 23-5 The company notes that this project is the first full-scale oil field of “green” design …
In the Yamal-Nenets Autonomous District They Figured Out How to Extract Hard-to-Recover Gas at the Medvezhye field
The Gazprom Dobycha Nadym company has found opportunities to extract gas reserves at the Medvezhye field in the Yamal-Nenets Autonomous District. Several exploration and prospecting wells have been drilled in the Senonian deposits. The most promising of them will be launched in test mode by the end of the year, …
China Will Begin Searching for Oil and Gas at a Depth of 10 km
China is creating a new organization that will unite national oil producers and other state-owned companies to search for ultra-deep oil and gas reserves, as well as the production of other hard-to-recover reserves, CNPC said, whose statement was cited by Reuters. This is in response to President Xi Jinping’s call …
China Drilled in the Gulf of Bohai an Oil Well with a Depth of Over 6 km
Bohai 19-6-D1 will be used to extract oil and gas at the Bochzhun gas condensate field 19-6. China completed work on drilling a well with a depth of 6,088 m at the oil field in the Bahai Gulf of the Yellow Sea. This was announced by the Tianjin branch of …
Rosneft Produced the 140 Millionth Ton of Oil at the Uvat Project
The accumulated production of RN-Uvatneftegaz (part of the oil production complex of NK Rosneft) has reached 140 million tons of oil since the start of operation of the fields of the Uvat project. This result was achieved through the development of production infrastructure, the commissioning of new fields, and the …
KazMunayGas Is Preparing for the Full-Scale Development of the Central and East Urikhtau Deposits
The Chairman of the Board of KazMunayGas (KMG) A. Khasenov during a working trip on June 21, 2024 visited the production facilities of Urikhtau Operating, Kazakhoil Aktobe LLP and Kazakhturkmunay in the Aktobe region. This was reported by the press service of the company. Currently, KMG is preparing the concept …
Rosneft Develops Technologies for the Development of Hard-to-Recover Reserves
Specialists of the Rosneft Scientific Institute in Ufa have developed data processing technology, which allows you to determine the oil-saturated drilling zones with high accuracy. Innovation has already successfully tested at the purchase deposit of a key mining asset of RN-Yuganskneftegaz. As a result of improving the planning system for …