BP Is Preparing To Drill A Deepwater Well Offshore Of Brazil After Exploration Attempts By Shell And ExxonMobil Failed
BP is preparing to drill a deepwater well on the Brazilian continental shelf in an attempt to break a string of failures for other oil and gas majors. The company’s press service reports this. Drilling work Drilling operations are planned at the Pau Brasil field in the Santos Basin. On …
Gazprom Neft Is Expanding Its Production Center In Eastern Siberia
Gazprom Neft has begun developing the Chonsky cluster, the largest undeveloped group of areas in Eastern Siberia with geological reserves of over 1.7 billion tons of oil and 500 billion cubic meters of gas. The implementation of the project will ensure long-term supplies of hydrocarbons to the markets of the …
Iran Has Started Developing Two Oil Fields
Iranian authorities on Saturday began developing two oil fields called Sepehr and Jafir, located in the southwestern Iranian province of Khuzestan. Iranian Oil Minister Javad Ouji said that the average production volume from the two fields is estimated at 74 thousand barrels per day. “In the presence of President Ebrahim …
A Large Oil Field Was Discovered On The Shelf Of Côte d’Ivoire
Reserves are estimated at 1.5-2 billion barrels. A large oil field has been discovered on the shelf of Côte d’Ivoire in the waters of the Gulf of Guinea. This was reported by the business news agency Ecofin. The field’s reserves are estimated at 1.5-2 billion barrels of oil and up …
TotalEnergies And QatarEnergy Invest In Oil Production In South Africa
Energy companies TotalEnergies and QatarEnergy are buying shares in exploration block 3B/4B in the Orange Basin offshore South Africa, according to a TotalEnergies press release. “TotalEnergies and QatarEnergy have signed an agreement to acquire interests in Block 3B/4B, located offshore South Africa, from Africa Oil, Azinam (a subsidiary of Eco …
Drilling Volumes In The Russian Federation Increased By 70% In 2023
The head of Rosnedra, Evgeny Petrov, noted that the data suggests that literally within one to two years, companies will be able to put on their balance sheet a fairly good resource base and mineral reserves, as well as open large deposits. The volume of well drilling in Russia increased …
KazMunayGas Plans To Drill Three Exploration Wells This Year
“KazMunayGas plans to drill more than three exploration wells this year,” said Magzum Mirzagaliyev, Chairman of the Company’s Board, in an interview with the press service. Equipment is already being mobilized at a well in the Kyzylorda region at the Turgai Paleozoi site; it is planned to go to great …
Udmurtneft Replenished Oil Reserves By 152% In 2023
The Udmurtneft company (operating under the management of Rosneft Oil Company and the Chinese petrochemical corporation Sinopec) in 2023 replenished oil reserves by 152%. Increasing the efficiency of reserve replenishment is one of the key elements of Rosneft’s development strategy. The company plans to replenish at least 100% of produced …
Six New Wells Replenished Belorusneft’s Fund In February
In February, specialists from the Svetlogorsk Drilling Department drilled six new wells. “New facilities have appeared at the Gartsevskoye, Yuzhno-Moskvichevskoye, Marmovichskoye, Severo-Domanovichskoye, Barsukovskoye and Beskopylnovskoye oil fields,” the company clarified. The production association “Belorusneft” was created in 1966. The company searches, explores and develops oil fields, drills wells, produces oil …
“Belorusneft”: The Discovery Of A New Deposit By A Northern Asset Expands The Prospects For Hydrocarbon Production
The Deputy General Director emphasized: this is a very good result for the West Siberian region, which expands prospects. “Firstly, the company’s areas of presence, and secondly, the resource base and production of hydrocarbons – oil and gas,” he listed. The discovery at the Izvestinsky site allows the company to …