oil production

The PromGidravlika-S company from Udmurtia is going to localize the production of hydraulic equipment in Naberezhnye Chelny or Kazan. The director of the company, Alexey LIKHACHEV, spoke about this at a meeting of the Scientific and Technical Council of Tatneftekhiminvest-Holding JSC (Kazan). The company produces hydraulic cylinders for oil production, …

The number of active oil and gas drilling rigs in the world fell in March due to Canada, US oil services company Baker Hughes said. On average, 1,793 installations operated around the world last month compared to 1,813 in February. At the same time, the March level is 86 lower …

It is planned to construct seven prospecting and five exploration wells. LLC Lukoil-Perm (a subsidiary of PJSC Lukoil) intends to invest 14.5 billion rubles in geological exploration in the Komi Republic and the Nenets Autonomous Okrug over the next four years. The company expects to annually increase 5 million tons …

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2024. In the first quarter 2024, NOVATEK’s hydrocarbon production totaled 167.4 million barrels of oil equivalent (boe), including 21.12 billion cubic meters (bcm) of natural gas and 3.5 million tons of liquids (gas condensate and oil), resulting in an increase in total …

The Ministry of Natural Resources is vested with the authority to adopt a procedure for submitting information about contractors creating, operating and using structures and installations on the continental shelf. The Government of the Russian Federation has adopted a draft resolution giving the Russian Ministry of Natural Resources the authority …

Norwegian oil and gas operator DNO today announced a final investment decision for the development of the Brasse field, located in the northern North Sea. In addition to DNO Norge AS (39.3%), the Brasse partnership includes OKEA ASA (39.3%) as operator, Lime Petroleum AS (17%) and M Vest Energy AS …

Samaraneftegaz, one of the main production assets of Rosneft in the Volga region, at the end of 2023 ensured an increase in reserves in the amount of 18.5 million toe, which replenishes the enterprise’s hydrocarbon production by 168%. Increasing the efficiency of reserve replenishment and their consistent introduction into development …

Samotlorneftegaz (part of the oil and gas production complex of Rosneft) celebrates 55 years since the production of the first industrial oil from the Samotlor field – one of the largest in the world. In April 1969, industrial development of the oil giant began – just four years after its …

Specialists from RN-Yuganskneftegaz, the Company’s largest producing asset, drilled a well using the fishbone technology* in the water-oil section of a mature field. The oil production rate of the multilateral well was 500 tons per day, which is twice as much as compared to traditional technologies. The development of technological …

Tatneft drills sidetracks on a casing liner without conducting geophysical research. Today, many of Tatneft’s fields in Tatarstan are at a late stage of development. There are a number of problems associated with this. Among them are the aging of the operating stock, a high degree of depletion of reserves …