Occidental Petroleum Reduces Rig Count In Permian Basin
Occidental’s costs are reduced by drilling activity, but it will be able to cover part of the debt from the purchase of CrownRock. Capital spending on shale production and exploration will be cut by $320 million and two drilling rigs in the U.S. Permian Basin will be idled this year, …
Oilmen Used Induction Defrosting Of Wells
This made it possible to easily restart the equipment without heavy special equipment in the current frosty and snowy winter. Tatneft has found an effective way to maintain uninterrupted operation of oil production facilities during frosts. During severe frosts, freezing manifolds sometimes require restarting production and injection wells. Warming wells …
NIOC To Close $14 Billion Worth Of Deals To Develop Iran’s Oil And Gas Fields By End Of March
The head of the National Iranian Oil Company (NIOC) said the company is set to award contracts worth $14 billion to local companies to develop the country’s oil and gas fields by the end of the current Iranian calendar year (March 19). Speaking in a television interview, Mohsen Khojasteh-Mehr said …
RN-Yuganskneftegaz Began Construction Of A Highly Efficient Well Pad
RN-Yuganskneftegaz (the leading production enterprise of Rosneft) has begun drilling an enlarged well pad at the Prirazlomnoye field, on the basis of which several dozen wells will be grouped. The site design, accommodating up to 48 wells, was developed by specialists from RN-Yuganskneftegaz and the corporate research and design institute …
Turkmenistan Has Revealed The Volume Of Oil And Gas Produced In 2023
Natural gas production in Turkmenistan in 2023 amounted to more than 80.6 billion cubic meters, oil production – over 8.3 million tons, the Russian-language government newspaper Neutral Turkmenistan reported on Saturday. The corresponding data at an extended government meeting following the results of 2023 was presented by the Chairman of …
Russia And North Korea Are Preparing Papers For Joint Exploration Of Oil And Gas On The Shelf
Russia has already received from the DPRK part of the documents necessary to begin joint offshore exploration of oil and gas fields; Moscow is awaiting the remaining package of documents from Pyongyang, Russian Ambassador to North Korea Alexander Matsegora said in an interview with RIA Novosti. Russia and the DPRK …
SOCAR Increased The Volume Of Drilling Work By 1.2% In 2023
The volume of drilling by the drilling departments of SOCAR (State Oil Company of Azerbaijan) in 2023 amounted to 73.987 thousand meters. “In 2023, the company’s drilling volumes amounted to 73.987 thousand meters. Compared to 2022, the company increased the volume of drilling work by 1.2% last year,” the company …
BP Plans To Drill 12 Production Wells At ACG In 2024
BP-Azerbaijan plans to drill 12 production wells in the Azeri-Chirag-Gunashli (ACG) field block in 2024, said BP Vice President for Wells in Azerbaijan, Georgia and Turkey Jim O’Leary. “In 2024, it is planned to drill 18 wells on the ACG block, including 12 production wells, 3 water injection wells, 2 …
Oil And Gas Companies Of The Russian Federation Spent 2.7 Trillion Rubles On Service Work Over The Year
The costs of Russian mining companies for oil services in 2023 increased by 12% Companies in the oil and gas sector of the Russian Federation in 2023 allocated about 2.7 trillion rubles as expenses for service services. This is almost 12% more than in 2022, writes Interfax with reference to …
TatProm-Holding Group Engineering Service for Well Completion
This article is being read and print-proofed in our classic PDF format (link) Authors: Azat Gatiiatullin, Head of Production Service; Denis Shovkoplyas, Deputy General Director; Danil Matveev, Leading Engineer, TatProm-Holding Group In a short period of time, TatProm-Holding Group has successfully showed itself as a strong competitor in the Russian …