Geological Exploration Gives the Company the Right Not to Reforest
A subsoil user can be released from the obligation to carry out compensatory afforestation only in the case of geological exploration, the press service of the Federal Forestry Agency reported. The department receives questions about the need for compensatory reforestation from tenants who are engaged in geological exploration of the …
New Domestic Equipment Installed at the Chayandinskoye Field
A variable frequency drive (VFD) for high-voltage motors of the compressor unit of the booster compressor station (BCS) was installed at the Helium Concentrate Membrane Recovery Unit at the Chayandinskoye Oil and Gas Production Department of Gazprom Dobycha Noyabrsk LLC. This domestic equipment was manufactured in Cheboksary. It is designed …
Russia Plans to Use Synchrotron Radiation for Oil Production
Russian scientists expect to increase the oil recovery of the Bazhenov and Achimov formations due to synchrotron radiation. This was stated by the director of the scientific and educational center of Gazpromneft-NGU S. Golovin. Gazprom Neft, universities and scientific organizations will create a consortium that will study the Bazhenov and …
Oil Production in Russia in June Fell by 100,000 Barrels Per Day
Oil production in Russia in June decreased by 100 thousand barrels per day compared to May, to 9.5 million barrels per day, follows from the data of the August report of OPEC. “The production of liquid hydrocarbons in Russia in June decreased by 100 thousand barrels per day compared to …
Russia is Threatened With a Decline in Oil Production Due to the Refusal to Develop “Difficult” Fields
A pause in stimulating the development of hard-to-recover oil reserves (HRR) could lead to a failure of production in a few years. Now Russia is reducing production under the influence of external factors and under the terms of agreements with OPEC+. But the investment cycle in the industry is long …
Experts Called the Reason for the Growth in the Rate of Drilling of Oil Wells in Russia
The increase in the rate of drilling by Russian oil companies is due, among other things, to the depletion of existing wells – oil companies are forced to drill more in order to maintain production at the current level; the increase in horizontal drilling and the completion of work since …
Saudi Arabia and Russia were Thanked for Cutting Oil Production
The OPEC+ Monitoring Committee expressed gratitude to Saudi Arabia for extending the voluntary cut in oil production by 1 million barrels per day in September, and to Russia for the voluntary cut in exports by 300,000 barrels per day, the communiqué says. “The Committee also expressed its recognition and support …
Gas Production in Russia in 2023 Decreased Compared to Last Year
Gas production in Russia this year may decrease by 9.2% compared to last year, to 610 billion cubic meters, and next year it will grow by 2.5%, to 625 billion cubic meters, follows from the review of the International Energy Agency (IEA ) on the gas market. The indicator in …
Alexey Miller and Chairman of Kyrgyz Cabinet of Ministers Akylbek Japarov Discuss Potential Cooperation Areas
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Akylbek Japarov, Chairman of the Cabinet of Ministers of the Kyrgyz Republic – Head of the Presidential Administration of the Kyrgyz Republic, took place today. The parties reviewed the relevant aspects of their interaction and discussed potential prospects of further cooperation. Source
Does Russia Need to Spend Money on Producing Hard-to-recover Oil?
A pause in stimulating the development of hard-to-recover oil reserves (HRR) could lead to a failure of production in a few years. Now Russia is reducing production under the influence of external factors and under the terms of agreements with OPEC +. But the investment cycle in the industry is …