Alexander Novak: Moscow and Baku Are Considering a New Project on the Caspian Shelf
Russia and Azerbaijan are considering the possibility of implementing new joint projects, including on the Caspian shelf, Russian Deputy Prime Minister Alexander Novak said. “In general, there are a number of new projects, including on the Caspian shelf, which is being considered potentially for joint implementation,“ he told RT. According …
The Graifer field Will Be Brought to Its Design Capacity of 1.2 Million Tons in 2028
The output of the design capacity of the Valery Graifer deposit in the Russian sector of the Caspian Sea of 1.2 million tons is planned for 2028, according to the state report on the state and use of mineral resources in 2022, published by the Ministry of Natural Resources and …
Lukoil Has Invested $7.5 Billion in Projects in Uzbekistan Over 20 Years
During its work in the republic, the company produced 134.4 billion cubic meters of natural gas. Over the course of 20 years of work in Uzbekistan, Lukoil has invested $7.5 billion in projects in this country. The company’s press service reported this in connection with the 20th anniversary of work …
The Head of Congo Discussed with Lukoil the Company’s Participation in the Country’s Oil Projects
President of the Republic of Congo Denis Sassou Nguesso said in an interview with RIA Novosti that during his visit to Moscow he discussed with Lukoil its participation in oil projects in the Congo as an operator; he sees good prospects for this. Currently, Lukoil operates in the Republic of …
The EU Imposed Sanctions Against the Oilfield Services of Eurasia Drilling Company and SSС
The European Union included in the sanctions list of large oil and oil contractors – Eurasia Drilling Company (EDC) and JSC Siberian Service Company (SSС), the publication reported in the EU official journal. In addition, the sanctions were imposed against another oilfield company – the Novosibirsk LLC Neftegazpromstroy. The EDC was …
Wintershall Dea Leaves the Ghasha Concession in Abu Dhabi with the Participation of LUKOIL
Wintershall Dea has signed an agreement with Indonesia’s PTT Exploration and Production Public Company Limited (PTTEP) to sell its 10% interest in the Ghasha concession in Abu Dhabi. “All conditions required for closing, including regulatory approvals, have been met,” Wintershall Dea said, without specifying the sale price. “The transaction is …
Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL. In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will …
Chemical Methods of Oil Production Predicted to Have Great Potential
Gazprom Neft, Tatneft and Zarubezhneft are leaders in this area. The potential for the use of chemical methods of enhanced oil recovery (CMEOR) in Russia is estimated at more than 14 billion tons of oil. This was stated by Olga CHEBYSHEVA, Director for Development of CMEOR at Gazpromneft – Technological …
New Software Makes It Easier for LUKOIL to Digitize the Komi and Nenets Autonomous Okrug Fields
The Intellectual Field software creates a complete picture of the fields and allows you to quickly obtain highly accurate forecasts. LUKOIL-PERM continues to implement the Intelligent Field project. Digitalization of production processes will facilitate multivariate calculations of well operation. It will become easier for oilmen to determine the most rational …
The TAGRAS Holding Division Took Part in the International Exhibition OGU 2024
From May 14 to 16, TNG-Group participated in the 26th international exhibition “Oil and Gas of Uzbekistan – OGU 2024”, which was held in Tashkent. During the exhibition, the division presented field seismic exploration technologies and equipment for geophysical research in wells. Specialists gave presentations on 4D monitoring technology and …