Sinopec Discovered An Ultra-Deep Shale Gas Field In China
Chinese oil and gas company China Petroleum & Chemical Corp. (Sinopec) has discovered a new ultra-deep shale gas field in Sichuan province, the company said in a statement. The Hexingchang field has proven reserves of 133 billion cubic meters of gas, making it the first ultra-deep shale field of this …
Orenburgneft Replenished Hydrocarbon Reserves By 168% In 2023
The Orenburgneft company, which is part of the oil-producing asset of Rosneft, replenished reserves by 168% in 2023. The company’s employees discovered one new oil field and 19 new deposits within existing fields. The total increase in recoverable reserves at the end of the year amounted to more than 16 …
KazMunayGas And Eni Will Invest $300 Million in Exploration of The Kazakh Sector of The Caspian Sea
Kazakhstan is intensifying geological exploration of the Caspian Sea, which has not been carried out for the last few years, and has taken the Italian Eni as a partner. KazMunayGas and the Italian Eni plan to explore the Kazakh Caspian shelf for hydrocarbons jointly, reports 24KZ TV channel with reference …
Aker BP And Equinor’s North Sea Exploration Drilling Results Were Unsatisfactory
Norwegian oil and gas companies Aker BP and Equinor have explored new oil reserves near the Munin field in the North Sea. This was reported by the press service of the Norwegian Offshore Directorate (NOD). Exploration drilling at block 30/12 The Norwegian Ocean Industry Authority (NOIA), formerly known as the …
Kassym-Jomart Tokayev Revealed The Cost of Undiscovered Deposits in Kazakhstan
President of Kazakhstan Kassym-Jomart Tokayev, during an investment roundtable in Rome, said that the republic has more than 5 thousand undiscovered deposits worth over 46 trillion dollars. As part of his official visit to Rome, Tokayev spoke at the Kazakhstan-Italy investment round table, in which about 30 companies took part. …
A New Well Was Drilled at The Dayakhatyn Field in Uzbekistan
Uzbekneftegaz is carrying out large-scale work to increase natural gas production and hydrocarbon reserves in the fields. The company’s press service reported this on December 19, 2023. Theses of Uzbekneftegaz: in Karakul district of Bukhara region drilling work was successfully completed at well No. 117 of the Dayakhatyn gas condensate field …
British Shell, American APA and Argentine YPF Have Confirmed Their Interest in Searching For Oil Off The Coast of Uruguay
Uruguay’s state energy company ANCAP has signed contracts for four offshore blocks with three oil and gas players under the framework of the Open Uruguay Round, in effect since 2019. As a result, the British Shell, the American corporation APA and the Argentine national oil company (NOC) YPF will be …
The Cabinet of Ministers Expanded the List of Hard-to-Recover Reserves
Oil deposits of the Kuma-Kerestin formation in the North Caucasus and Paleozoic deposits of Western Siberia were brought there The Russian government has included oil deposits of the Kuma-Kerestin formation in the North Caucasus and Paleozoic deposits of Western Siberia in the list of hard-to-recover reserves, the ministry reported. The …
The Largest Center for Studying Core and Formation Fluids Opened in Perm
Today in Perm the opening of the Core and Reservoir Fluids Research Center, built by the LUKOIL Company, took place. This is one of the priority projects in the region. The new Center, part of LLC LUKOIL-Engineering (a subsidiary of PJSC LUKOIL), will provide high-precision scientific research for the search, …
Colombian Ecopetrol Announced Plans to Invest Up to $6.7 Billion and Produce Up to 730,000 bpd in 2024
Colombian state oil company Ecopetrol said it plans to invest between $5.7 billion and $6.7 billion and produce up to 730,000 b/d in 2024. The majority of these costs, about $4.8 billion, will go towards maintaining production at 725,000 to 730,000 boe/d, the company’s refineries at 420,000 to 430,000 b/d …