Drilling

SevKomNefteGaz LLC P. Likhachev — LikhachevPA@skn.rosneft.ru B. Khusainov — BI_Khusainov@skn.rosneft.ru P. Leontiev — PV_Leontev2@skn.rosneft.ru WORMHOLES R&D LLC O. Zhuravlev — ozhuravlev@wormholes.ru A. Gribanov — agribanov@wormholes.ru A. Suvorov — asuvorov@wormholes.ru The efficiency of developing oil and gas fields is largely determined by the magnitude of the costs associated with hydrocarbon production. …

Against the backdrop of declining production at the Azeri–Chirag–Gunashli field, Azerbaijan has signed exploration agreements with four international companies — ExxonMobil, TPAO, MOL, and Gran Tierra. The focus is on finding new onshore and offshore resources. These agreements emerged from the country’s first open tender, in which 11 companies participated. …

The increase in oil reserves at Surgutneftegaz in 2024 amounted to 56.3 million tonnes, and oil resources rose by 19.1 million tonnes, according to the company’s annual report draft. “As a result of comprehensive work on resource development, PJSC Surgutneftegaz achieved an increase in oil reserves of 56.3 million tonnes …

The Number of Active Oil and Gas Rigs Worldwide Decreased by 40 in May Compared to the Previous Month, Mainly Due to North America, According to U.S. Oilfield Services Company Baker Hughes. On average, 1,576 rigs were operating worldwide, compared to 1,616 in April. The May level was also 99 …

Rosneft continues its digital transformation of the oil and gas industry, taking work with geological data to a qualitatively new level. Specialists at the company’s Tyumen research institute have developed and implemented a service based on large language models (LLM) to automate the analysis of lithological core descriptions. The digital …

Rosneft’s research institute specialists in Ufa have enhanced the corporate software complex RN-VEGA by adding the capability to perform comprehensive analysis of dynamic data from gas and gas condensate wells without requiring their shutdown. The improved functionality of the digital product allows for detailed modeling and analysis of well performance …

In January–March 2025, Rosneft began pilot hydrocarbon production at the Payakhskoye and Ichemmenskoye fields of the Vostok Oil project, the company announced. “Rosneft continues pilot industrial development at the Payakhskoye, Ichemmenskoye, and Baikalovskoye fields: in Q1 2025, development drilling exceeded 30,000 meters, and four development wells were completed. Pilot production …

Rosneft’s unit operating costs for hydrocarbon production in the first quarter of 2025 amounted to $3 per barrel of oil equivalent, according to Rosneft CEO Igor Sechin, as reported in the company’s statement. “Cost control remains our constant priority — in Q1 2025, unit production costs for hydrocarbons amounted to …

Samaraneftegaz, part of the oil production complex of Rosneft, achieved 216 thousand meters of development drilling in 2024, which is 4% higher than the figure for 2023. The increase in drilling footage was achieved through a range of measures aimed at increasing productivity in well drilling using new technologies. The …

Ecuador’s state company Petroecuador has started drilling at the Pucuna D-033 well on Block 44, with an estimated additional production volume of 2,500 barrels per day. The start of work in Orellana Province, Ecuador, marks the beginning of the 2025 drilling campaign, according to a press release from Petroecuador on …