The Search For Oil And Gas Facilities At The Expense Of Government Funds Will Begin In The Astrakhan Region For The First Time In 20 Years
Work to find new promising oil and gas facilities at the expense of public funds will begin in the Astrakhan region for the first time in 20 years, reports the press service of the regional Ministry of Industry, Trade and Energy. “In 2024, it is planned to begin a set …
Russia Noted An Increase in Oil and Condensate Reserves in The Arctic Zone
No new hydrocarbon deposits were discovered in the Arctic zone in 2023, but the increase in recoverable reserves at existing fields in this region amounted to 13.4 million tons of oil and condensate and 60.6 billion cubic meters of gas, the head of the State Reserves Commission (SRC) Igor Shpurov …
RPI: Offshore Field Development in Russia: Are the Sanctions an Opportunity for Russian Companies to Fill the Void?
Vadim Kravets In mid-February 2015, the third round of EU sanctions targted a number of Russian officials and nine new companies were introduced. Previously, in late summer and early autumn 2014, the U.S., EU, Japan and Canada introduced, in two rounds, sanctions againstw certain individuals and sectors of Russia’s economy …
Tendeka: Wins Two Major Contracts In Russia
Tendeka has announced two significant contracts for the sand and inflow control technology in Russia. Tendeka is the market leader in autonomous inflow control technology and the combined awards will include the supply of over four hundred devices in 2015. Tendeka is to provide RN-Purneftegaz with sand face completion equipment and …
LUKOIL-Nizhnevolzhskneft: Sets New Horizontal Drilling World Record
LUKOIL-Nizhnevolzhskneft has established a new world record in horizontal drilling with a significant bottom displacement. Well No.108, drilled from an offshore ice-resistant stationary platform at Yuri Korchagin field in the Caspian Sea, went down 4,908 meters in the 9.5-inch section, in one run, without any tripping. The new record has …