RussNeft Will Resume Work at the Khanty-Mansi Autonomous Okrug Field, Which Was Closed Due to Sanctions
RussNeft will begin developing the Vostochno-Kamnoye field in the Khanty-Mansi Autonomous Okrug, which was suspended in 2023 due to sanctions and the economic crisis. The head of the Khanty-Mansiysk branch of the company, Alexey Shatalov, shared his plans for drilling new wells. “At the Vostochno-Kamenny field, work on industrial development …
LUKOIL Put Into Trial Operation The Yukkun-Yoganskoe Field in Yugra
LLC LUKOIL-Western Siberia (100% subsidiary of PJSC LUKOIL) has put into trial production the Yukkun-Yoganskoye field in the Khanty-Mansiysk Autonomous Okrug. The fishery is located on the territory of the Nizhnevartovsk region, 30 kilometers from the city of Pokachi. At the exploration stage, seismic exploration work was carried out in …
Russian Oil Production is Preparing to Break the Post-Soviet Record, Media Writes
In the first 11 months of 2023, Russia drilled oil wells with a total depth of 28.1 thousand kilometers, which indicates successful resistance to Western sanctions, Bloomberg writes. The accelerated pace of drilling in Russia may break the post-Soviet record, the publication emphasized. According to analysts from Kpler and the …
A New Way Has Been Found to Increase Oil Recovery Factor During Reservoir Flooding
Scientists from Kazan Federal University have obtained new results in the field of physical and chemical hydrodynamics. They studied the effects of surface tension and contact angle on the adsorbed amount of surfactants. The Devon News Agency was informed about this by the press service of the Institute of Geology …
US Oil Production Will Now Grow at Half The Rate
In the new year, US oil production will grow at half the rate it did last year. This forecast was announced by EOG Resources. U.S. oil production rose 900,000 barrels per day in 2023, EOG President Billy Helms said in a presentation to investors. “Given the high volume of production …
ExxonMobil Has Finally Left Iraq
The American oil company has finally abandoned the West Qurna 1 project in southern Iraq, transferring operational functions at one of the world’s largest oil fields to PetroChina. In 2023, the Iraqi authorities approved an agreement to transfer ExxonMobil’s 22.7% share in the West Qurna-1 project to the state-owned Basra …
Belarusian Oil Workers Produced a Record 1.87 Million Tons of Oil in 2023
The Belorusneft company noted that 201 thousand tons of oil were produced from wells drilled last year. The Belorusneft company produced a record 1.87 million tons of oil in 2023. The BelTA agency reported this with reference to company data. The company noted that 201 thousand tons of oil were …
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%. …