Geological Exploration

It is planned to construct seven prospecting and five exploration wells. LLC Lukoil-Perm (a subsidiary of PJSC Lukoil) intends to invest 14.5 billion rubles in geological exploration in the Komi Republic and the Nenets Autonomous Okrug over the next four years. The company expects to annually increase 5 million tons …

In 2023, Rosprirodnadzor reviewed 120 projects for the construction of exploration wells in the Arctic zone of the Russian Federation, according to a report on the agency’s activities. “As a result of reviewing the specified project documentation, Rosprirodnadzor issued 80 (67%) negative conclusions and 40 (33%) positive conclusions,” the document …

According to the head of the company’s geological exploration department, Alexander Semyanov, investments could grow to 47 billion rubles compared to 36 billion rubles in 2023. Lukoil’s investments in geological exploration may grow by 30% this year – to 47 billion rubles, compared to 36 billion rubles in 2023, follows …

Geology Days will be held in the Rosneft pavilion at VDNKh as part of the International Exhibition and Forum “Russia” from April 2 to 7. Visitors to the exhibition will be able not only to learn about geological exploration tools and techniques, but also to see unique footage from the …

Gas reserves may reach 670 billion cubic meters, according to the forecast of the All-Russian Scientific Research Geological Petroleum Institute. The increase in oil and condensate reserves based on the results of geological exploration in Russia in 2024 may amount to 525 million tons, and natural gas – 670 billion …

Rosgeologiya and polymetallic holding Seligdar (MOEX: SELG) signed an agreement that provides for joint geological study and exploration of ore gold deposits in the Aldan region of the Republic of Sakha (Yakutia). Promising sites, including Dzhekondinskaya and Kurachan, are located in the area of the existing production complexes of the …

The head of Rosnedra, Evgeny Petrov, noted that the data suggests that literally within one to two years, companies will be able to put on their balance sheet a fairly good resource base and mineral reserves, as well as open large deposits. The volume of well drilling in Russia increased …

– The reserve replacement ratio exceeding 1 for 19 consecutive years. – The biggest growth of reserves came from the Yamal gas production center. The Gazprom Board of Directors took note of the information about the ongoing work on resource base support, geological surveys of subsoil and geological exploration operations performed by the Company. It was highlighted that Gazprom conducts large-scale …

Geological exploration will begin in 2024. Oil companies KazMunayGas (KMG) and Tatneft will create a joint venture to conduct geological exploration at the Karaton Podsolevoy subsoil site in the Atyrau region of Kazakhstan. This was reported by the KazMunayGas company. “An agreement on this was reached on February 21, 2024 …

Bashneft (part of the Rosneft structure) in 2023, due to successful geological exploration, increased hydrocarbon reserves by 24.4 million tons of oil equivalent, the production replacement rate with reserves was 135%. Every year, Bashneft ensures full replenishment of liquid hydrocarbon production due to the increase in reserves. In this way, …