BP Plans To Drill 12 Production Wells At ACG In 2024
BP-Azerbaijan plans to drill 12 production wells in the Azeri-Chirag-Gunashli (ACG) field block in 2024, said BP Vice President for Wells in Azerbaijan, Georgia and Turkey Jim O’Leary. “In 2024, it is planned to drill 18 wells on the ACG block, including 12 production wells, 3 water injection wells, 2 …
A Unique Core Exhibition Will Be Held In The Rosneft Pavilion At The Russia Forum
The Rosneft pavilion at VDNKh will host an exhibition of core samples collected in all regions of the Company’s presence. Visitors to the exhibition will be able to see rare rock samples dating back more than 550 million years, as well as ammonites and artifacts found during drilling. The core …
Uzbekistan Will Attract Russian Experience In Oil Exploration
Together with Tatneft, a strategy will be developed to increase the efficiency of geological exploration. JSC Uzbekneftegaz, the largest state-owned company in Uzbekistan, intends to use international experience in the field of geological exploration. In pursuance of the instructions of the head of state to attract foreign experience, an agreement …
Eni will drill near Kazakhstan’s Kashagan in the Caspian Sea
The Italians, together with KMG, will conduct exploration near Kashagan, the largest offshore field in Kazakhstan. Italian Eni will drill an exploration well in the Abay block in the Kazakh sector of the Caspian Sea. The company announced its intentions to conduct geological exploration work in the shallow waters of …
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 …
Belarusian Oil Workers Produced a Record 1.87 Million Tons of Oil in 2023
The Belorusneft company noted that 201 thousand tons of oil were produced from wells drilled last year. The Belorusneft company produced a record 1.87 million tons of oil in 2023. The BelTA agency reported this with reference to company data. The company noted that 201 thousand tons of oil were …
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 …
The President Signed a Law on the Abandonment of Unactive Licenses for Geological Exploration
President Vladimir Putin signed amendments to the law “On Subsoil”, designed to stop the practice of “sleeping” licenses for geological exploration – now the payment for subsoil will be increased several times if geological exploration of a site is delayed. The document was published on the official legal information portal. …
State Funding for Oil and Gas Exploration in 2024 Will Amount to 11.3 Billion Rubles
The Ministry of Natural Resources emphasized that starting from 2022, five objects are being studied within the framework of the federal project “Geology: Revival of a Legend” in order to search for gas deposits. Federal funding for geological exploration of hydrocarbons in Russia in 2024 will remain approximately at the …