Russia

November 6 marked the 57th anniversary of the discovery of the unique Orenburg oil and gas condensate field (OGCF). The field’s reserves amounted to almost 2 trillion cubic meters of gas. In Europe it was the largest. It contains many valuable components, including ethane and helium. In 1968, the creation …

The Orenburgneft company, which is part of the production asset of Rosneft Oil Company, has doubled the starting flow rate of a multilateral well at the North Kommunarskoye field. High performance has been achieved through the use of modern fishbone technology. The initial production rate of the well was 150 …

The United States has adjusted the forecast for oil and liquid hydrocarbons (LPH) production in Russia for 2023, increasing it by 100 thousand bpd, to 10.73 million bpd, according to the monthly forecast of the US Department of Energy Information Administration (EIA). A month earlier, department analysts predicted this figure …

RN-Yuganskneftegaz, the largest oil-producing asset of Rosneft, carried out 950 hydraulic fracturing operations during the calendar month. At the same time, one fleet performed 120 hydraulic fracturing operations during the reporting period, which is the best industry indicator. Achieving record results was made possible thanks to the development of Rosneft’s …

Lukoil has entered into an additional agreement on the West Qurna 2 project in Iraq, which provides for the extension of the service contract for ten years, until 2045, and a gradual doubling of the field’s capacity with a production plateau of 800 thousand barrels per day, the company reported. …

China is trying to work with all parties, including Gazprom, to develop high-quality energy cooperation, Beijing said Chinese CNPC is discussing cooperation with Gazprom, Rosneft and Novatek in terms of hydrocarbon trading and pipeline expansion. This was stated by Vice President of CNPC Xie Jun during the St. Petersburg International …

The jack-up drilling rig “Arctic” was demobilized to its winter mooring site in the port of Murmansk The Gazprom Nedra company has completed the construction of a prospecting and appraisal well in the Kara Sea using the Arkticheskaya jack-up drilling rig. Currently, the platform has been demobilized to a winter …

Gazprom Neft and Gazprom Space Systems intend to develop technologies for analyzing geospatial data using artificial intelligence, satellite systems and aerial monitoring. An agreement on cooperation in this area was signed at the St. Petersburg International Gas Forum. Companies are exploring the possibility of creating digital twins of oil and …

Of this, small oil companies accounted for 5.3 million tons. From January to September 2023, 26.452 million tons of oil were produced in Tatarstan. Of this, small oil companies (SOCs) accounted for 5.3 million tons. By the end of the year, this figure is planned to be increased to 7 …

The departments are discussing additional measures to stimulate the development of hard-to-recover hydrocarbon reserves. Relevant ministries are working to expand tax benefits for hard-to-recover hydrocarbon reserves (HRR), writes the Kommersant newspaper with a link to the minutes of the relevant meeting held in Khanty-Mansi Autonomous Okrug. The list under discussion …