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 …
Niger Has Begun Oil and Gas Exploration in the East of the Country
Prime Minister of the country Ali Mahaman Lamin Zein noted that geological exploration work had been started by SONIDEP. The Niger National Petroleum Company (SONIDEP) has begun its first exploration work in the desert in the southeast of the country. This was announced by the Prime Minister of Niger, Ali …
Dmitry Patrushev: the Work of Rosnedra Allows Us to Guarantee Technological and Raw Material Sovereignty
The Deputy Prime Minister of the Russian Federation noted that the department has developed a serious potential in the regulatory, legal and technical areas of domestic geological exploration. The activities of Rosnedra in geological exploration allow for strategic planning and guarantee the technological and raw material sovereignty of Russia. This …
Iran to Sign Oil Contracts Worth $2 Billion
National Iranian Oil Company (NIOC) CEO Mohsen Hojasteh Mehr said Iran plans to sign oil development contracts worth more than $2 billion. Agreements will be signed for the development of the Changule and Band-e-Karhe fields, as well as for the purchase of crude oil refining services. Under the current government, …
Surgutneftegaz in 2023 Obtained 56.4 Million Tons of Oil and 7 Billion Cubic Meters of Gas
The head of the company Vladimir Bogdanov reported that Surgutneftegaz is counting on the preservation of oil production in 2024 at 2023. Surgutneftegaz oil production in 2023 amounted to 56.4 million tons, and gas – 7 billion cubic meters, the company reports. “In 2023, the volume of oil production of …
The Number of Drilling Rigs in the World in May Fell the Third Month in a Row
The number of active oil and gas drilling rigs in the world in May decreased at the end of the third month in a row, according to the American oilfield company Baker Hughes. On average, last month, 1675 installations against 1726 in April worked in the world. At the same …