A New Oil Formation is Gaining Popularity in Alberta, Canada
The Waseca Formation, which has heavy oil rather than oil sands, has seen the biggest increase in drilling applications in Canada this year. This year, oil companies have applied for 81 licenses to drill in the so-called Waseca formation in eastern Alberta (Canada). This is 30 more applications than in …
Future-Oriented Logistics: New Standards Set Through Digital Transformation and eWNOG Web-Platform
This article is being read and print-proofed in our classic PDF format (link) In the constantly evolving world companies have to compete both time-wise and technology-wise to stay successful. It’s well-seen in the ongoing expanding digital transformation of all industries that try to reach better performance and be at the …
Gazprom Neft, the Ministry of Energy and the Ministry of Industry and Trade Signed a Roadmap for the Development of Russian Equipment for Drilling and Hydrocarbon Production
Gazprom Neft, the Ministry of Energy of the Russian Federation and the Ministry of Industry and Trade of the Russian Federation signed a roadmap for the development of domestic equipment for drilling and onshore hydrocarbon production. The document defines specific steps to implement the relevant agreement between the company and …
SOCAR-AQS Completed Drilling of a New Well in the Shallow Waters of Gunashli
The drilling company SOCAR AQS drilled a sidetrack well from platform No. 8 at the Gunashli field. “The depth of the well was 2985 meters. The well was successfully drilled to the Fasilya productive formation and transferred to the Azneft production association of SOCAR,” SOCAR AQS said in a statement. …
Brazilian Petrobras Will Invest About $300 Million in Drilling Two Exploration Wells
Brazilian state oil company Petrobras plans to invest about $300 million to drill two exploration wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week. The license, awarded by environmental agency Ibama on Friday, is Petrobras’ first since 2013 to drill in the so-called …
Verkhnechonskneftegaz Has Selected Unique Technologies for the Development of Reserves of the Preobrazhensky Horizon
The Verkhnechonskneftegaz company (part of Rosneft) has begun full-scale development of the Preobrazhensky horizon at the Verkhnechonskoye oil and gas condensate field. Additional production at the field will amount to 4 million tons of oil due to the drilling and reconstruction of more than 200 wells. The Company’s specialists have …
China Breaks Its Own Record in Offshore Drilling
China is ramping up offshore drilling as part of its energy security strategy China’s CNOOC reported that the number of wells in the Bohai Gulf at the Kenli 6-1 oil project increased to 177. CNOOC representative Liu Baosheng said that in less than two years the company drilled more than …
A Digital Platform for the Ecosystem of the Well
// the original interview was published by Oil Review Middle East In an exclusive interview, Kamil Zakirov, CEO of WellsX LLC, developer of ECO Digital Drilling System, discusses the benefits of the ECO System end-to-end digital platform for the full lifecycle of the well, and the importance of adopting a …
Introducing ECO: Workover — An Innovative Digital Solution for Well Workover Monitoring and Automation
After successful field trials in partnership with our client, we are pleased to announce the launch of the ECO Digital Platform designed specifically to facilitate well workover operations. ECO: Workover is a state-of-the-art software that offers real-time remote monitoring and automation capabilities for well workover processes, streamlining a wide array …
American Chevron is Ready to Drill New Wells in Venezuela
The American company wants to increase production in the Latin American country by another 65,000 bpd by the end of 2024 Currently, Chevron and Venezuela’s PDVSA together produce about 135,000 b/d. Washington’s permission to operate an American company in Venezuela is gradually raising the country’s oil production from its knees. …