An Ultra-Deep Well Was Put into Operation in South China
The well drilling depth is 9,508 m, horizontal displacement is 8,689 m China National Offshore Oil Corporation (CNOOC) announced that the country’s first ultra-deep well, Enping 21-4, has been successfully brought into production offshore the Pearl River Estuary. The drilling depth of the well is 9,508 m, the horizontal displacement …
Rosnedra Estimated the Volume of Hard-to-Recover Hydrocarbon Reserves
Hydrocarbon reserves classified as hard-to-recover in Russia are colossal, and “we need to work with them,” said the head of Rosnedra, Evgeny Petrov. “Today we have about 970 billion tons of geological hard-to-recover reserves, 3.4 billion recoverable. That is, these are colossal reserves that need to be worked with. And …
ExxonMobil Will Continue Development of Whiptail, the Sixth Project in the Stabroek Block Offshore Guyana
ExxonMobil said it has made a final investment decision to proceed with the development of Whiptail, the sixth project in the Stabroek block in Guyana, following receipt of the necessary government and regulatory approvals. The Whiptail project, which will use a FPSO (product storage and offloading vessel), will require an …
Oil Field Services Under Restrictions
The RPI company analyzed the Russian well workover market. According to expert estimates, the well workover (WW) segment is the second largest in terms of money in the oilfield services market, after the production drilling segment. Its share in recent years has been in the range of 10-13% of the …
Belorusneft Has Introduced a New Development for Seismic Drilling Equipment
As the company clarified, the development concerns the activities of the field seismic exploration department. The innovation makes it possible to automatically record the operating time of drilling equipment. Previously, this operation was performed using a watch. There was a need for equipment that would measure and record the specified …
CNPC Specialists Have Begun Geological Exploration Work in the Southwest of Tajikistan
The China National Petroleum Corporation (CNPC) has begun implementing a project for the exploration and production of new hydrocarbon deposits in southwest Tajikistan. This was announced by CNPC General Director B. Deji. On April 11, 2024, the launch ceremony of the project for the development of new fields in southwestern …
In the US the Cost of Leasing Federal Land for Oil and Gas Companies Will Increase 15 Times
The cost of leasing federal lands in the United States for oil and gas companies will increase 15 times. The Washington Post writes about this. The new rule, released April 12 by the Bureau of Land Management, will increase rents to $150,000 per unit, up from the current $10,000. The …
Oil Service TagraS-Holding Earned 82 Billion Rubles in a Year
The revenue of the oil service holding “TAGRAS” (Almetyevsk) at the end of 2023 increased by 6% – to 82 billion rubles. Investments amounted to 6.7 billion rubles. The Devon News Agency learned about this from the materials of TagraS-Holding. At the same time, the largest division, TNG-Group, earned 21.6 …
Bashneft Increased Drilling Volumes by 5% in 2023
ANK Bashneft, which is part of the Rosneft structure, increased the volume of production drilling in the Volga Federal District by 5% at the end of 2023. The share of horizontal wells, which significantly increase the efficiency of development of mature fields, was 88%. In total, 238 wells were drilled …
Izhevsk Plant Localizes Hydraulic Equipment in Tatarstan
The PromGidravlika-S company from Udmurtia is going to localize the production of hydraulic equipment in Naberezhnye Chelny or Kazan. The director of the company, Alexey LIKHACHEV, spoke about this at a meeting of the Scientific and Technical Council of Tatneftekhiminvest-Holding JSC (Kazan). The company produces hydraulic cylinders for oil production, …