The President of Cyprus Discussed Cooperation in the Development of Gas Fields with the Head of ENI
The parties, in particular, spoke about the results of drilling work at the Cronos and Zeus wells in the country’s exclusive economic zone, the government Bureau of Press and Information noted. The President of Cyprus, Nikos Christodoulides, discussed cooperation in the development of gas fields with the CEO of the …
The First Cableless Telemetry in Russia for Wells Was Tested
This will eliminate the need for expensive cables and increase the reliability of oil production equipment. For the first time in Russia, Tatneft tested a cable-free system for monitoring downhole parameters. It transmits information from the bottom of the well along the production string. Damage to an expensive downhole pressure …
Rystad Energy Forecasts Maximum Investment in Deepwater Projects This Year
Capital spending on new deepwater drilling is forecast to hit a 12-year high next year, according to consultancy Rystad Energy. Once upon a time, the shale revolution somewhat pushed back interest in the development of shelf hydrocarbons. However, recent deep-sea discoveries off Guyana, Namibia and the Gulf Coast are bringing …
Equinor Is Ready to Begin Drilling Work at the Johan Castberg Field in the Barents Sea
The Norwegian Ocean Industry Authority (Havtil) has granted Equinor permission to drill at the Johan Castberg field in the Barents Sea. Havtil reports. Transocean Enabler Drilling operations will be carried out using a semi-submersible drilling rig (SSDR) Transocean Enabler: built at the South Korean shipyard Daewoo Shipbuilding & Marine Engineering …
New Gas Reserves Discovered in the Emirate of Sharjah in the Northern UAE
The Petroleum Council of the northern emirate of the UAE – Sharjah under its government announced the discovery of large new gas reserves in the Al Khadiba field, located north of the Al Sajaa industrial zone in Sharjah, the Emirates News Agency WAM reported. According to him, the new field …
450 Oil Wells Remain in Water in Kazakhstan
Since the beginning of the flood, oil production in Kazakhstan has decreased to 20 thousand tons, while many wells are still flooded and are not working. About 450 oil production wells still remain in a flooded state, previously this figure was 673, the Ministry of Energy of Kazakhstan said. Since …
Rosneft Held a Presentation of New Software for Large Oil and Gas Companies
Rosneft held a Technology Day, which was attended by more than 150 representatives of the largest oil and gas companies. Specialists from Rosneft scientific institutes told their colleagues about new products and capabilities of the line of high-tech software. The event participants issued more than 200 test licenses for 13 …
Belorusneft Set a New Record for Drilling Wells
A new record level was set today by team No. 1 of well repair shop No. 2 under the leadership of drilling foreman Alexander Konyshev. A daily penetration of 380 m was achieved when drilling a sidetrack at well 336s2 of the Rechitsa oil field. The previous record was exceeded …
80 Wells Will Be Drilled in Kazakhstan in 2024 to Search for Oil
According to Vice Minister of Energy Askhat Khasenov, it is planned to drill 80 prospecting and exploration wells in Kazakhstan in 2024, a Kazinform agency correspondent reports. He explained that, given the annual decline in oil production at the fields of the Kyzylorda region, in 2024, drilling of a deep …
Hibiscus Oil & Gas Malaysia Has Explored New Oil Reserves Offshore Malaysia
Hibiscus Oil & Gas Malaysia (a subsidiary of Hibiscus Petroleum Berhad) has successfully completed the drilling of the Bunga Aster-1 exploration well on the Malaysian continental shelf. This was reported by the press service of Hibiscus Petroleum. Well Bunga Aster-1 found: oil sandstone deposits in the interval of about 17.5 …