Experts Called the Reason for the Growth in the Rate of Drilling of Oil Wells in Russia
The increase in the rate of drilling by Russian oil companies is due, among other things, to the depletion of existing wells – oil companies are forced to drill more in order to maintain production at the current level; the increase in horizontal drilling and the completion of work since …
RN-Yuganskneftegaz Increased the Flow Rate of a Horizontal Well by 2.5 Times Thanks to the Fishbone Technology
RN-Yuganskneftegaz, the largest production company of Rosneft Oil Company, increased the flow rate of a horizontal well by 2.5 times. High performance achieved through the use of modern fishbone technology. The company drilled a well with four horizontal laterals without multi-stage hydraulic fracturing at the Sorovskoye field. The initial production …
BP and SOCAR Plan a New Stage of Exploration Work on the Shafag-Asiman Structure in the Caspian
BP has completed the interpretation of exploratory drilling data on the prospective Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan told Interfax-Azerbaijan. “Analysis of the results of drilling the first exploratory well SAX01 and their interpretation were completed in the first half of this year. At present, …
OMV Norge Receives Permission to Drill Exploratory Well 6607/3-1 S in the Norwegian Sea
The Norwegian Petroleum Directorate (NPD) has granted Norwegian OMV Norge (a subsidiary of the Austrian oil and gas company OMV) permission to drill the 6607/3-1 S exploration well in the Norwegian Sea. This was reported by the press service of the NPD. The program for well 6607/3-1 S provides for …
Weatherford Announces Second Quarter 2023 Results and Raises Full-Year Outlook
Revenues of $1,274 million increased 7% sequentially, driven by international revenue growth of 12% Operating income of $201 million increased 9% sequentially Net income of $82 million increased $10 million sequentially; net income margin of 6.4% Adjusted EBITDA* of $291 million increased 8% sequentially; adjusted EBITDA margin* of 22.8% Cash …
Nabors Announces Second Quarter 2023 Results
Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported second quarter 2023 operating revenues of $767 million, compared to operating revenues of $779 million in the first quarter. The net income attributable to Nabors shareholders for the quarter was $5 million, compared to $49 million in the first …
The First Well on the Offshore Block in Kazakhstan, Where the Azerbaijani SSDR Was Used, Turned Out to be “Dry”
The first well on the Zhenis offshore block in the Kazakh sector of the Caspian Sea turned out to be “dry”, Upstream writes. Well V-1 had a target depth of 3,300 meters. Drilling began at the end of last year using the Dada Gorgud jack-up drilling rig of the Azerbaijani …
NIDC Drilled 27 Oil and Gas Wells in 100 days
The National Iranian Drilling Company (NIDC) has dug and completed 27 oil and gas wells during the first 100 days of the current Iranian calendar year (March 21 to June 30), the company’s managing director said. According to Hamidreza Golpayegani, the drilled wells consisted of two production and 25 capital …
China Intends to Drill the Deepest Well in the World
Scientists want to study the internal structure and evolution of the Earth for geological and geophysical research. Drilling has begun on what could be the world’s deepest well in northwestern China. It is located in the desert region of the Tarim Basin (Xinjiang region). The shaft of the “mine” will …
R&D Center for Gas&Oil Tech Took Part in the Rosneft XIV Corporate Conference for Well Construction and Sidetracking
On May 26, 2023, the XIV Corporate Conference on well construction and sidetracking completed its work based on the results of work for 2020-2022. (Orenburg), where a report was made on “Interactive-industrial professional retraining of drilling supervisors of Rosneft Oil Company” by the President of JSC “NIPTs GNT” V.V. Kulchitsky, …