Gazprom Neft and Innopolis University to Create a Digital Platform for Subsurface Research
Gazprom Neft, Innopolis University, and Nedra Digital will develop a digital system for geomechanical modeling of oil and gas fields. The innovative platform based on artificial intelligence will assist in subsurface research and the selection of optimal tools for field development. Geomechanical modeling is one of the key stages in …
Russia and Turkey Ready to Identify Joint Projects in Geological Exploration
Russia and Turkey are ready to identify joint opportunities for projects in the field of geology and subsoil use. This is stated in the protocol of the meeting of the Russian-Turkish intergovernmental commission on trade and economic cooperation (the text of the document is available to TASS). “The parties declared …
Russneft to Continue Development of the Technically Challenging Vostochno-Kamennoe Field
Russneft will continue active development this year of the uniquely complex Vostochno-Kamennoe field located in Western Siberia, said company CEO Evgeny Tolochok at the annual shareholders meeting. “Russneft has entered the active phase of industrial development of the uniquely complex greenfield – the Vostochno-Kamennoe field. We have drilled new wells …
Deepwater production in the United States is more profitable than shale projects
In the spring, Chevron began developing oil and natural gas at the Ballymore deepwater field in the Gulf of America. This is just one of a series of projects in a key American oil and gas province aimed at producing an additional 300,000 barrels of oil equivalent per day by …
China’s CNPC Begins Exploration of Oil and Gas Fields in Tajikistan
Geophysical works in the form of 2D seismic surveys have begun at oil and gas fields in the southwestern regions of Tajikistan. The operations are being carried out by the China National Petroleum Corporation (CNPC), according to the press service of the Ministry of Energy and Water Resources of Tajikistan. …
NNK Continues Geological Exploration in the Komi Republic
The site is located in the region of the North Ural marginal trough, which is characterized by a complex geological structure. The area of exploration and prospecting is considered attractive in terms of the potential to expand the resource base and make new oil and gas discoveries. A complicating factor …
Surgutneftegaz Increased Oil Reserves in 2024
The increase in oil reserves at Surgutneftegaz in 2024 amounted to 56.3 million tonnes, and oil resources rose by 19.1 million tonnes, according to the company’s annual report draft. “As a result of comprehensive work on resource development, PJSC Surgutneftegaz achieved an increase in oil reserves of 56.3 million tonnes …
Rosneft Implements Artificial Intelligence in Core Analysis
Rosneft continues its digital transformation of the oil and gas industry, taking work with geological data to a qualitatively new level. Specialists at the company’s Tyumen research institute have developed and implemented a service based on large language models (LLM) to automate the analysis of lithological core descriptions. The digital …
Petroecuador Begins Drilling on Block 44 in Ecuador’s Orellana Province
Ecuador’s state company Petroecuador has started drilling at the Pucuna D-033 well on Block 44, with an estimated additional production volume of 2,500 barrels per day. The start of work in Orellana Province, Ecuador, marks the beginning of the 2025 drilling campaign, according to a press release from Petroecuador on …
BP Does Not Rule Out the Possibility of Developing Gas Reserves at the Karabakh Field
BP plc, in addition to oil production, plans to consider the possibility of developing the gas reserves of the Karabakh field in the future, said Colin Allan, Vice President for Finance in the Azerbaijan, Georgia, and Turkey region, at the Baku Energy Forum. “Although at present we are predominantly focused …