For the First Time in 30 Years. An Oil Field Was Discovered on the Shelf of the Democratic Republic of Congo
Muanda International Oil Company (MIOC, a subsidiary of the Anglo-French Perenco) has explored oil deposits on the continental shelf of the Democratic Republic of the Congo (DRC). This was reported by the Perenco press service. This is the first success in geological exploration on the shelf of an African country …
China Will Explore Oil and Gas Fields in Iraq
Chinese companies are increasingly entering the oil and gas exploration market. They have already won five bids for exploration of Iraqi deposits – the only ones from foreigners, by the way. CNOOC Iraq has won the tender to develop Iraq’s Block 7 for oil exploration, which stretches across the country’s …
Foreign Investors Win Tender to Develop Seven Oil Fields in Iran
Foreign investors won the tender to develop seven oil fields in Iran. This was reported by the Iranian publication IFP News. The head of the National Iranian Oil Company (NIOC), M. H. Mehr, noted that Iran is actively promoting foreign investment in the oil sector. The head of NIOC also …
A New Large Oil Field Has Been Discovered in Hungary
Hungarian oil and gas company MOL said it had discovered a new field in the central part of the country that could produce about a thousand barrels of oil per day. “MOL, together with the Hungarian company O&GD Central Kft., carried out successful drilling in Central Hungary, near the village …
The President of Cyprus Discussed Cooperation in the Development of Gas Fields with the Head of ENI
The parties, in particular, spoke about the results of drilling work at the Cronos and Zeus wells in the country’s exclusive economic zone, the government Bureau of Press and Information noted. The President of Cyprus, Nikos Christodoulides, discussed cooperation in the development of gas fields with the CEO of the …
Belorusneft Set a New Record for Drilling Wells
A new record level was set today by team No. 1 of well repair shop No. 2 under the leadership of drilling foreman Alexander Konyshev. A daily penetration of 380 m was achieved when drilling a sidetrack at well 336s2 of the Rechitsa oil field. The previous record was exceeded …
80 Wells Will Be Drilled in Kazakhstan in 2024 to Search for Oil
According to Vice Minister of Energy Askhat Khasenov, it is planned to drill 80 prospecting and exploration wells in Kazakhstan in 2024, a Kazinform agency correspondent reports. He explained that, given the annual decline in oil production at the fields of the Kyzylorda region, in 2024, drilling of a deep …
Senegal Will Recalculate Oil and Gas Reserves, but Does Not Want to Scare Investors
The country’s new president, Bassirou Diomaye Fay, decided to conduct an audit of oil and gas reserves as one of his first steps, but immediately hastened to reassure investors, pointing out that they are welcome in Senegal. Fai noted that the use of the country’s natural resources will receive special …
An Oil Field with Reserves of 10 Billion Barrels Was Discovered off the Coast of Namibia
The obtained oil samples from test wells are characterized by low viscosity and low sulfur content. A high-quality oil field with reserves estimated at approximately 10 billion barrels has been discovered offshore Namibia. This was reported by the New Era newspaper, citing data from the company Galp Energia, which is …
Turkey Begins a New Project to Search for Gas in the Northwest of the Country
Ankara launches gas exploration project for $125 thousand. The Turkish state-owned company TPAO has launched drilling for exploration of gas deposits in the province of Canakkale, located in the north-west of the country. The estimated cost of geological exploration is $125 thousand, local media write. TPAO named its first exploration …