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 …
Triangle Energy is Preparing to Drill Its First Well in 30 Years in Western Australia’s Perth Basin
Triangle Energy Global is set to begin drilling Booth-1, its first well in the Perth Basin in Western Australia. The company’s press service reported this on April 18, 2024. The company notes that the lease contract for the Ventia 106 drilling rig has been signed, all necessary approvals have been …
Novatek Began Production at the Severo-Chaselskoye field in the Yamal-Nenets Autonomous Okrug
The annual production level will exceed 3 billion cubic meters of natural gas. Novatek has begun production at the Severo-Chaselskoye field in the Yamalo-Nenets Autonomous Okrug. The annual production level at the field will exceed 3 billion cubic meters of natural gas and 0.1 million tons of gas condensate per year, …
Aker BP Commissions Hanz field in the North Sea
Aker BP has started production at the Hanz field in the North Sea. This was reported by the press service of the Norwegian company. Theses from Aker BP CEO K. Hersvik: this is another great example of what we can achieve by working as a team with our suppliers to …
Australian Santos Reduced Hydrocarbon Production by 2% in the First Quarter
In the first quarter of 2024, the Australian company Santos Ltd. decreased hydrocarbon production by 2% compared to the same period in 2023 – to 21.8 million barrels of oil equivalent. The company’s press service reported this. Sales volumes decreased by 3% to 23.2 million barrels of oil equivalent, and revenue fell …
Barossa Gas Project on Australia’s Continental Shelf Nears Completion
The Barossa gas project, located in the Timor Sea on the continental shelf of north-west Australia, is now 70.6% complete. The Santos company announced this on April 18, 2024 in its report for the 1st quarter of 2024. Santos theses: installation of the 262km export gas pipeline between the floating …
Senegal Will Recalculate Oil and Gas Reserves, but Does Not Want to Scare Investors
The country’s new president, Bassirou Diomaye Fay, decided to conduct an audit of oil and gas reserves as one of his first steps, but immediately hastened to reassure investors, pointing out that they are welcome in Senegal. Fai noted that the use of the country’s natural resources will receive special …
Oman Auctions Several Offshore Oil and Gas Blocks by 2025
Auctions for new units in Oman, which started in 2023, will now be held annually. Oman plans to auction several oil and gas blocks on the Arabian Sea shelf by the end of the year, said the head of the country’s Ministry of Energy, Salim al-Awfi. According to him, tenders …
An Oil Field with Reserves of 10 Billion Barrels Was Discovered off the Coast of Namibia
The obtained oil samples from test wells are characterized by low viscosity and low sulfur content. A high-quality oil field with reserves estimated at approximately 10 billion barrels has been discovered offshore Namibia. This was reported by the New Era newspaper, citing data from the company Galp Energia, which is …