Turkmengaz and The Emirates ADNOC Intend to Work on The Development of The Galkynysh Gas Field
The parties signed a memorandum of understanding on cooperation in the development of this field. Turkmengaz and the Abu Dhabi National Oil Company (ADNOC) signed a memorandum of understanding on cooperation in the development of the largest gas field in Turkmenistan – Galkynysh. The document was signed following the visit …
Shell Greenlights Drilling Program For 2024
Shell has approved a two-well drilling campaign planned for 2024 in the North Sea. The information follows from a published statement by Shell’s joint venture partner Deltic Energy. Exploration well at the Selene field Selene natural gas field: believed to be one of the largest undiscovered structures in the Leman …
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 …
The Ministry of Natural Resources Stated That Gas Reserves in The Russian Federation Have Remained at The Same Level For More Than 20 Years Due to Geological Exploration
At the current level of production, its provision with gas reserves is more than 100 years, the department assured. Gas reserves in Russia have been kept at the same level for more than 20 years due to restoration work. The supply of gas reserves at the current production level is …
In January-November, Azerbaijan Reduced Oil and Condensate Production By 7.4%, and Increased Gas Production By 4.1%.
Oil production with gas condensate in Azerbaijan in January-November 2023 amounted to 27 million 695.4 thousand tons, which is 7.4% lower than the same period in 2022, the State Statistics Committee told the Interfax-Azerbaijan agency. Including, the production of commercial oil with condensate amounted to 27 million 597.8 thousand tons …
Naftogaz of Ukraine Launched New Wells For Gas Production
The state gas production company Ukrgazdobycha, part of the Naftogaz of Ukraine group, launched two more wells, which increased production by more than 200 thousand cubic meters of gas per day, the company’s press service reported on Tuesday. Ukrgasvydobuvannya commissioned two high-yield wells. Both were drilled at the same field: …
China Increased Oil Production By 2.5% and Gas Production By 5.3% in November
China increased oil production in November by 2.5% compared to the same month last year to 17.2 million tons, the State Statistics Administration reported. For eleven months, production amounted to 191.25 million tons, which is 1.8% higher than the figure for the same period in 2022. The volume of oil …
The Cost of Gas Production at SOCAR Fields in 2022 Increased By 10%
The cost of gas production at the fields of SOCAR (State Oil Company of Azerbaijan) in 2022, compared to 2021, increased by 10.35% – to 67.57 manats ($39.74 at the current exchange rate) per 1 thousand cubic meters. Such data are provided in the company’s annual report for 2022, published …
Iran’s South Pars Gas Field Generates $130 Million Worth of Production Per Day
Iran’s South Pars Gas Field (SPGF) generates $130 million worth of output per day, according to Zargam Heydaria, an official from Bushehr province in southern Iran. The field has 13 refineries and 336 wells in the Persian Gulf producing more than 705 million cubic meters of gas per day, Heidariyeh …
Igor Sechin Assumed a Gas Shortage Due to Tax Changes on Gas
As the head of Rosneft noted, the differentiation of gas prices for various categories of industrial consumers against the backdrop of an increase in the tax burden on the industry was carried out without a comprehensive analysis of its impact Differentiation of gas prices for industrial consumers and an increase …