The Northern Asset Of Belorusneft Has Discovered A New Oil Deposit
In February, drilling of exploratory well No. 724s2 was completed at the Izvestinsky license area. It was founded to search for hydrocarbon deposits in the Jurassic and Cretaceous deposits of the Western Rozhdestvenskaya structure. “As a result of the development of the Yu1 formation, a gushing influx of oil with …
BP Began Gas Production On The Northeastern Flank Of The Shah Deniz Field
BP has begun gas production on the northeastern flank of the Shah Deniz field as part of Stage 2 of the development of this contract area, BP-Azerbaijan (the technical operator of the project is IF-Az) said in a statement. “Gas production within the framework of Stage-2 of the Shah Deniz …
The Rosneft Scientific Institute Created A Large 3D Model Of A Production Plant
Specialists from the Ufa Scientific Institute of Rosneft have created a “digital twin” of the gas pre-treatment unit (GPU) at the Barsukovskoye field of RN-Purneftegaz. This is one of the largest interactive objects designed by the Company – its area is 270 thousand square meters, which is comparable to the …
Lenar Nazipov: Entering New Markets Is One Of The Development Priorities Of TAGRAS
The General Director of the TAGRAS Holding shared plans for developing the international market, voiced the competitive advantages of the oil and gas service group and spoke about the countries interested in the Holding’s presence on the world stage. – Lenar Limovich, the Holding is one of the leaders in …
Russia Produced 24 Million Tons Of Oil On The Shelf In 2023, And 54 Million Tons In Eastern Siberia
Russia produced 24 million tons of oil from offshore fields in 2023, Deputy Prime Minister Alexander Novak said at the international exhibition and forum “Russia”. In Eastern Siberia, 54 million tons were produced last year. “Back in 2003, practically nothing was produced in Eastern Siberia. Today we have 54 million …
Inaugural Eurasia Africa Energy Summit (EAES 2024) and 9th KDR Well Engineering Forum Set to Merge in Astana
Event Date: 19th & 20th September Location: The Rixos President Hotel, Astana, Kazakhstan This September, Astana will become the focal point for the global energy sector as it hosts the first-ever Eurasia Africa Energy Summit (EAES) alongside the 9th Annual KDR Well Engineering Forum. Scheduled for the 19th and 20th …
Oil Platform Operator Transocean Increased Its Net Loss By 1.5 Times In 2023
Switzerland’s Transocean Ltd., one of the world’s largest offshore oil platform operators, ended 2023 with a net loss of $954 million, or $1.24 per share, according to a press release. At the end of 2022, the company’s loss was $621 million, or $0.89 per share. Adjusted loss last year widened …
BP Plans To Invest $1.5 Billion In The Development Of The Oil And Gas Industry In Egypt
The company’s chief executive, Murray Auchincloss, is also interested in the possibility of investing an additional $5 billion in this area in the future. The British company British Petroleum (BP) intends to invest at least 1.5 billion in the development of the oil and gas sector of the Egyptian economy. …
The Increase In RussNeft Reserves In 2023 Amounted to 130%
Production amounted to 6.434 million tons of oil and 2.11 billion cubic meters. m of gas. The increase in Russneft reserves in 2023 amounted to 130%, production – 6.434 million tons of oil and 2.11 billion cubic meters of gas, the company reported. The increase in reserves is estimated at 8.3 …
Bashneft Replenished Oil And Gas Reserves By 135% In 2023
Bashneft (part of the Rosneft structure) in 2023, due to successful geological exploration, increased hydrocarbon reserves by 24.4 million tons of oil equivalent, the production replacement rate with reserves was 135%. Every year, Bashneft ensures full replenishment of liquid hydrocarbon production due to the increase in reserves. In this way, …