KazMunayGas Plans to Produce Up to 6.7 Billion Cubic Meters of Gas Per Year By 2030
KazMunayGas is developing a Gas Strategy, within which it plans to increase natural gas production to 6.7 billion cubic meters per year by 2030, excluding large projects – Tengiz, Karachaganak and Kashagan, Kazinform agency reports with reference to the press service of the national company KMG. In 2023, the exploitation …
Belorusneft’s Well Stock Was Replenished With 66 New Objects in 2023
Belorusneft’s well stock was replenished with 66 new objects in 2023, Belorusneft Deputy General Director for Geology Petr Povzhik told BELTA. In total, by the end of 2023, the company drilled 66 new wells. The volume of production from them amounted to 201 thousand tons of oil, said Petr Povzhik. …
The Number of Oil and Gas Drilling Rigs in The World Decreased in December
The number of operating drilling rigs for oil and gas production around the world in December decreased by 55, or 3.1%, to 1,739, according to data from the American oil and gas service company Baker Hughes. Over the year, the number of operating drilling rigs decreased by 95, or 5.2%. …
Oil Production in Khanty-Mansiysk Autonomous Okrug in 2023 Decreased By 3.1%
In 2023, 216 million tons of oil were produced in the Khanty-Mansi Autonomous Okrug (KhMAO). This follows from the materials of the Department of Subsoil Use and Natural Resources of the Khanty-Mansi Autonomous Okrug. Oil production in Khanty-Mansi Autonomous Okrug In 2023, 216 million tons of oil were produced in …
Nostrum Has Begun Re-drilling Wells at The Chinarevskoye Oil and Gas Condensate Field
Nostrum Oil & Gas PLC has begun re-drilling well No. 301 at the Chinarevskoye oil and gas condensate field (OGCF) in Kazakhstan. The company’s press service reports this. Re-drilling program Well No. 301 is the 1st of 2 wells provided for by the re-drilling program at the Chinarevskoye oil and …
Roscosmos Delivered The First Russian Hydraulic Fracturing Fleet to The Khanty-Mansi Autonomous Okrug For The Production of Hard-to-Recover Oil
The Moscow Institute of Thermal Engineering (part of the Roscosmos corporation) supplied the first domestic fleet for hydraulic fracturing (hydraulic fracturing) to the Khanty-Mansi Autonomous Okrug. Hydraulic fracturing technology is one of the main operations in the extraction of hard-to-recover oil reserves. “The Moscow Institute of Thermal Engineering Corporation, with …
Shell Greenlights Drilling Program For 2024
Shell has approved a two-well drilling campaign planned for 2024 in the North Sea. The information follows from a published statement by Shell’s joint venture partner Deltic Energy. Exploration well at the Selene field Selene natural gas field: believed to be one of the largest undiscovered structures in the Leman …
The US Increased Shale Oil Production Amid OPEC+ Production Cuts
The US exceeded the forecast for production in the current quarter by 800 thousand barrels. per day, the volume amounted to 13.3 million barrels. At the same time, OPEC+ countries are cutting production – Russia has been reducing it by 500 thousand barrels since March. per day. The United States …
A New Well Was Drilled at The Dayakhatyn Field in Uzbekistan
Uzbekneftegaz is carrying out large-scale work to increase natural gas production and hydrocarbon reserves in the fields. The company’s press service reported this on December 19, 2023. Theses of Uzbekneftegaz: in Karakul district of Bukhara region drilling work was successfully completed at well No. 117 of the Dayakhatyn gas condensate field …
US Shale Producers Will Significantly Reduce Drilling Costs
Next year, US shale operators are expected to significantly reduce US drilling costs, Bloomberg reports. Private oil and gas operators will cut their budgets by an average of 4% to $34.4 billion in 2024, according to Barclays PLC’s annual global spending survey. The cuts, the biggest ever forecast by a …