Slavneft-Megionneftegaz: Launches iFrac To Reduce the Costs of Multi Stage Fracturing
Slavneft-Megionneftegaz has developed and implemented an innovative method for the industry to perform operations to improve well productivity. The technology opens up new perspectives for the efficient development of hard-to-recover reserves. The innovative method, called iFrac, significantly reduces the cost of performing repeated multi-stage hydraulic fracturing (MSHF) ** in horizontal …
RN-Yuganskneftegaz: Production Up 2% in 2016
RN-Yuganskneftegaz, a subsidiary of NK Rosneft, increased oil production by 2% compared to the same period of 2015 (62.4 million tons) – up to 63.6 million tons, in 2016. The accumulated production of the company has exceeded 2.2 billion tons. The production results were achieved thanks to the implementation of …
Short-Term Well Operation (STWO) as Effective Method of Shale Oil Extraction
Kuzmichev N. P. Petroleum 21st Century LLC, Almetyevsk A surge in the production of shale oil in the United States over the past decade caused oversupply on the world oil market. Between 2005 and 2013, oil production rose from 5.18 million to 7.44 million barrels per day. In December 2014, …
Ruspetro: Delivers Breakthrough Reductions in Well Costs for Tight Formations
Ruspetro plc announces that it has completed its development well campaign in the area of Pad 23b on the Pottymsko-Inginsky licence block. The 2015 drilling campaign comprised two multi-stage fractured horizontal wells 210 (previously labelled 216) and 212, plus one deviated well (218). The Group’s average monthly oil production …