Kazakhstan plans to create a single company in the drilling and service sector, chairman of Kazakh national oil and gas company KazMunaiGas, Sauat Mynbayev said on February 25, Trend has reported.
Samotlorneftegaz, a subsidiary of Rosneft, is going to drill about 570 wells at the Samotlor field in the next three years. In 2014 alone, Samotlorneftegaz plans to drill 161 wells. The company wants to study the inner area of Samotlor more closely.
The Norwegian energy major did not find much-desired oil at its Kramsnø field in the Barents Sea, Barents Observer said on February 20.
Lukoil finished an evaluation and independent audit of its oil and gas reserves, as they stand on December 31, 2013, Lukoil’s press service said on February 6.
The amount of 2,221,896 tons of crude oil or 100.6 percent versus January 2013 was produced at Tatneft, its press service said on February 6. The new drilling penetration in January of 2014 amounted to 31.5 thousand meters (44.3 thousand meters in 2013).
Poltavahazvydobuvannya (Poltava Gas Production) is going to drill 19 new wells in 2014, according to the program of Poltava Region’s socioeconomic development which was passed by the regional council on January 23.
The first successes of “shale revolution”, itself associated with the development of horizontal drilling and fracturing technologies, led to a sharp uptick in the horizontal wells.
Rosneft has set a new record among Russian companies, having drilled 6mn meters. This has become possible thanks to increasing the effectiveness of drilling, new technologies and improvements to management and planning patterns.
US oil giant Chevron has warned it may not be economically viable to proceed with a planned $10bn North Sea oil project, in a blow to hopes of a revival in the region, The Telegraph reported on November 22.
Soyuzneftegaz has obtained a license to drill offshore Syria after five months of talks, Terminal has reported. Experts from Soyuzneftegaz visited Syria several times.