PRIO Produced First Oil at the Pre-Salt Wahoo Field in Brazil
The Brazilian company PRIO, previously known as PetroRio, has produced first oil at the offshore Wahoo field in Brazil. This was reported by the company’s press service. The pre-salt Wahoo field is located in the Campos Basin, approximately 19 miles (30 km) north of the producing Frade field and 150 …
Equinor Discovered Oil Deposits in the Barents Sea
The Norwegian company Equinor has discovered new oil deposits in the Polynya Tubåen subsoil area in the Barents Sea. This was reported by the company’s press service. The new discovery was made during the drilling of exploration well 7220/7-5, located 16 km southwest of well 7220/8-1 at the Johan Castberg …
Eni Discovered Two New Gas Fields Offshore Libya
The Italian company Eni has discovered two new natural gas fields on the continental shelf of Libya.This was reported by the company’s press service. The discoveries were made during the drilling of two wells — B2-16/4 and C1-16/4 — on adjacent geological structures Bahr Essalam South 2 (BESS 2) and …
Oil Production in the UAE Declined by More Than 50%
Oil production in the United Arab Emirates has fallen by more than 50% amid the military conflict in the Middle East and the effective closure of the Strait of Hormuz, Reuters reported on March 16, citing sources. According to the sources, the Abu Dhabi national oil company Abu Dhabi National …
Iraq Reduced Oil Production Almost Fourfold
Oil is being used only for domestic needs Oil production in Iraq has decreased due to the closure of the Strait of Hormuz from 4.3 million barrels per day to 1.2 million barrels per day (down by 3.1 million barrels per day). This was reported by Bloomberg, citing the spokesperson …
Production Restored at Tengiz Field After Suspension in January
Oil production has been restored at the Tengiz field, which had been suspended in January due to power supply issues, Kazakhstan’s Minister of Energy Erlan Akkenzhenov said. “Tengiz has restored production,” Akkenzhenov told journalists on the sidelines of parliament on Wednesday. He added that production at the field is currently …
Cuba Increases Oil Production at New Fields, President Says
Cuban President Miguel Díaz-Canel said that the country is increasing production at new oil fields and has already exceeded its targets for oil and associated gas production. “Production at new fields is growing in order to increase national oil and associated gas output. In the first two months of the …
Saudi Arabia Reduced Oil Production by a Quarter
Saudi Arabia has reduced oil production by 2.8 million barrels, or 26%, to 8 million barrels per day due to the conflict in the Middle East caused by the attack by the United States and Israel on Iran, Reuters reported, citing sources. “The world’s largest oil exporter, Saudi Arabia, has …
Venezuela Hopes to Restore Oil Production in the Country
Energy cooperation between Venezuela and the United States makes it possible to expect a recovery in the country’s oil production and will bring economic benefits, Eduardo Quintana, head of the regional branch of the Federation of Chambers of Commerce and Associations in La Guaira state, told RIA Novosti. “There is …
Rosneft Improves the Quality of Field Development Design
Scientists from the Ufa Research Institute of Rosneft have patented an innovative method for evaluating the technological efficiency of oil and gas field development. The solution makes it possible to determine the most suitable well completion technologies, including hydraulic fracturing technologies, taking into account the geological characteristics of different areas …