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. …
Iran Has Begun Development of the Tus Gas Field in the Northeast of the Country
According to NIOC CEO Mohsen Khojastemehr, eight new wells will be drilled at a cost of $200 million. General Director of the National Iranian Oil Company (NIOC) Mohsen Khojastemehr announced the start of development of the Tus gas field, which is located in the Razavi Khorasan province in the northeast …
Drilling of Another Well Has Been Completed in the Nasiriya Field in Iraq
Drillers from the Iraqi Drilling Company (IDC) completed drilling of oil production well 61, reaching a depth of 2096 meters in the Nasiriyah oil field in the Dhi Qar province. The Iraqi Ministry of Oil reported this on September 4, 2023. This is the 15th production well constructed by IDC …
Cyprus Rejects Chevron’s Aphrodite Project
The island nation’s government has rejected a plan submitted by a Chevron-led consortium to develop a gas field that could be connected to a facility in Egypt. “Now the parties involved can enter into negotiations to reach an agreement within 30 days,” the Cypriot Energy Minister said, without specifying why …
Bashneft in NAO Increased Production to 2 Million Tons per Year
This was achieved through the introduction of gas piston units and new horizontal drilling technologies. Bashneft-Polyus plans to drill 5 more production wells in 2023. To increase their efficiency, four gas piston units with a substation were additionally launched. The units operate on associated petroleum gas, Nao-24 reports. In total, …