SOCAR Increases Drilling Works by 19% in 2022
The volume of drilling by SOCAR’s drilling departments in 2022 amounted to 73,084 meters, SOCAR told Interfax-Azerbaijan. “In 2022, drilling volumes for the company amounted to 73,084 thousand meters. Compared to 2021, the company increased the volume of drilling work by 18.6% last year,” SOCAR said in a statement. As …
Weatherford Announces Second Quarter 2022 Results and Raises Full-Year Outlook
Full-year revenue outlook increased to mid-teens growth year-over-year Second quarter revenues of $1,064 million increased 13% sequentially, led by strong international growth of 14% Operating income was $104 million, compared to $18 million in the first quarter of 2022 and adjusted EBITDA[1] was $186 million or a 17.5% adjusted EBITDA …
INK: Drills the Longest Horizontal Hole in the History of the Company
Irkutsk Oil Company LLC drilled the longest horizontal well at 2065 meters. This is the longest horizontal section in INC history in 21 years. The record was recorded at the Bolshetirskoye oil field. The work was carried out on a modern Bentec HR 5000 drilling rig. Previously, the maximum horizontal drilling rate …
Tatneft: Results of Operations in July of 2019
The enterprises of the TATNEFT Group of Companies produced 2,603.9 thousand tonnes of crude oil in July 2019, while the production volume for seven months amounted to 17,433 thousand tonnes, which was 638.5 thousand tonnes more than in 2018. PJSC TATNEFT’s production volume amounted to 2,576.2 thousand tonnes with the …
Tyumenneftegaz: Achieves 30% Increase in Downhole Splitter Drilling at the Russkoe Field
Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in length. This technology enables increasing a start-up oil rate by 20-30%, as compared to a conventional horizontal well. Given geology …
Rosneft Publishes Operating Results for Q3 and 9M 2018
Upstream Hydrocarbon production amounted to 72.4 mmtoe (5.83 mmboed) in Q3 2018 and 211.8 mmtoe (5.75 mmboed) in 9M 2018, exceeding the level of Q2 2018 and 9M 2017 by 3.3% and 0.5% respectively. EFFICIENT PRODUCTION RECOVERY RESULTING FROM OPEC+ LIMITATIONS EASING Q3 2018 AVERAGE DAILY HYDROCARBON PRODUCTION REACHED 5.83 MMBOE, DEMONSTRATING …
To be an Engineer of the Future Means to Live on the Cutting Edge of Innovation
Sergey Mishkevich: Well Logging, STREAM-Auto-Digger, and Drilling Safety Sergey Mishkevich is a next-generation engineer whose work focuses on implementing automated solutions and reducing the influence of the human factor in drilling operations. His professional expertise includes MWD/LWD services, telemetry, remote monitoring, algorithmic drilling control, and enhancing industrial safety. Sergey has …
RPI: Drilling Quality, Not Quantity
In the Russian Federation 2014 became very significant in respect of qualitative change in the situation in the local drilling market. Firstly, the forecasts, only recently predicting fast growth of the open drilling market, did not come true. On the contrary, starting from spring of 2014 Rosneft built up its …
Closure Interview, Denis Ivanov, General Director for Nabors Russia
What is your position and how long have you been in the company? I am the General Director for Nabors Russia. I have been working for Nabors for more than 3.5 years. How long has your company been operating in Russia? Nabors is successfully working in Russia for almost 10 …
EU Sanctions Increased Including: Unconventional Drilling, Well Testing and Logging Services.
Strengthened EU sanctions against Russia will enter into force upon the publication of the legal acts in the EU Official Journal on the 12/9/2014. They include the following measures: Restrictions on Russia’s access to EU capital markets have been strengthened. EU nationals and companies may no more provide loans to …