Belarusian Oilmen Set A New Record For Well Drilling
The new high-speed drilling record became another achievement of oilmen. It was installed today, March 9, at the Rechitsa field, where well No. 445 was completed. The process of drilling a new facility took only 35.6 days. “This is an absolute record for the duration of development of the so-called …
The Northern Asset Of Belorusneft Has Discovered A New Oil Deposit
In February, drilling of exploratory well No. 724s2 was completed at the Izvestinsky license area. It was founded to search for hydrocarbon deposits in the Jurassic and Cretaceous deposits of the Western Rozhdestvenskaya structure. “As a result of the development of the Yu1 formation, a gushing influx of oil with …
The Ministry Of Energy Has Revealed A Plan For Oil Production In Russia For 2024
The preliminary plan for oil and condensate production in Russia for 2024 is 523 million tons, gas – 667 billion cubic meters, said the head of the Russian Ministry of Energy Nikolai Shulginov. “Preliminarily – 523 (million tons – ed.) oil, gas – 667 (billion cubic meters – ed.),” he …
KazMunayGas And Tatneft Will Create A Joint Venture For Geological Exploration At The Karaton Podsolevoy Site
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 …
Lenar Nazipov: Entering New Markets Is One Of The Development Priorities Of TAGRAS
The General Director of the TAGRAS Holding shared plans for developing the international market, voiced the competitive advantages of the oil and gas service group and spoke about the countries interested in the Holding’s presence on the world stage. – Lenar Limovich, the Holding is one of the leaders in …
Russia Produced 24 Million Tons Of Oil On The Shelf In 2023, And 54 Million Tons In Eastern Siberia
Russia produced 24 million tons of oil from offshore fields in 2023, Deputy Prime Minister Alexander Novak said at the international exhibition and forum “Russia”. In Eastern Siberia, 54 million tons were produced last year. “Back in 2003, practically nothing was produced in Eastern Siberia. Today we have 54 million …
BP Plans To Invest $1.5 Billion In The Development Of The Oil And Gas Industry In Egypt
The company’s chief executive, Murray Auchincloss, is also interested in the possibility of investing an additional $5 billion in this area in the future. The British company British Petroleum (BP) intends to invest at least 1.5 billion in the development of the oil and gas sector of the Egyptian economy. …
The Increase In RussNeft Reserves In 2023 Amounted to 130%
Production amounted to 6.434 million tons of oil and 2.11 billion cubic meters. m of gas. The increase in Russneft reserves in 2023 amounted to 130%, production – 6.434 million tons of oil and 2.11 billion cubic meters of gas, the company reported. The increase in reserves is estimated at 8.3 …
Bashneft Replenished Oil And Gas Reserves By 135% In 2023
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, …
The Economic Effect From The Implementation Of The Orenburgneft Energy Saving Program In 2023 Exceeded 219 Million Rubles
The Orenburgneft company, the largest producing asset of Rosneft in the Volga region, saved more than 60 million kWh of electricity in 2023, which in monetary terms amounted to more than 219 million rubles. The effect was achieved thanks to the implementation of a program to increase energy efficiency and …