LUKOIL has secured licenses for the #Khazri and #Maganov fields, significant subsoil areas located on the Caspian Sea shelf, valid until December 31, 2043. Rosnedra recently approved substantial reserves for the Maganov field, including 8.4 million tonnes of oil, 136 bcm of gas, and 24.4 million tonnes of condensate. The nearby Khazri field boasts estimated reserves of 48 bcm of gas and 8.2 million tonnes of condensate. Lukoil presently operates #Korchagin and #Filanovsky fields in the Caspian, producing 7.3 million tonnes of oil in 2021. Future developments include the Grayfer and Kuvykin fields, enhancing Lukoil's strategic presence. Read more: https://lnkd.in/edb7xTXM #LukoilEnergyMoves #CaspianOilExploration #KhazriMaganovFields #OilandGasInvestments #EnergyFutures #CaspianSeaReserves #HydrocarbonExploration #SustainableEnergyFuture #LukoilOperations #FieldDevelopment2023 #KIOGE #KIOGEConference
KIOGE - Kazakhstan Oil & Gas Conference & Exhibition’s Post
More Relevant Posts
-
Our satellites provide high-resolution imagery that can be used to regularly monitor infrastructures' conditions within the #OilandGas industry, such as storage tanks, pipelines, and other critical facilities. This helps in the early detection of potential issues, enabling timely maintenance and preventing accidents. The Amuay Refinery, along with other refineries in the Paraguaná complex, remains an essential part of Venezuela's oil industry. Its operations have been subject to several challenges in recent years. #InfrastructureMonitoring
To view or add a comment, sign in
-
Turkmenistan Seeks Foreign Investors for Caspian Shelf Exploration and Development 👀 Turkmenistan plans to attract foreign companies to the exploration and development of fields on the Caspian Sea shelf, said the country’s ambassador to Russia Esen Aydogdiev. Turkmenistan will hold an international forum on attracting foreign investment in the energy sector on April 24-25 in Paris (France). The main focus of the upcoming forum will be on attracting investment in offshore blocks N21 and N23, West Cheleken, optimizing production at mature fields and developing the next stage of development of the giant Galkynysh field. With estimated hydrocarbon resources exceeding 71 billion tons of oil equivalent, Turkmenistan stands as the world's fourth-largest natural gas reserve holder, following Russia, Iran, and Qatar. 🌍 Turkmenistan is actively developing fields on the Caspian Sea shelf and onshore in the Balkan region. Eni, Dragon Oil, Petronas and other companies are engaged in oil and gas production in contract areas in the Caspian Sea. #worldnews #oilgas #oilandgas #Caspian #exploration #energy #petroleum
To view or add a comment, sign in
-
Sharjah National Oil Corporation (SNOC) has launched two separate studies with Japan's Sumitomo Corporation and services giant SLB into the feasibility of capturing and storing a major portion of #co2 emitted in the #unitedarabemirates in its Sajaa field. #corporatestrategy #gassupply #upstreamprojects #carboncapture
To view or add a comment, sign in
-
Turkey plans to set up an operating joint venture between state-run Botas and Russia’s Gazprom for a proposed gas hub in the country. Minister Alparslan Bayraktar discussed the hub at a meeting with Russian Deputy Prime Minister Alexander Novak on the sidelines of the St. Petersburg International Economic Forum last week. He also met with Natural Resources Minister Alexander Kozlov to discuss exploration, production and trade in metals, as Ankara seeks to expand the hub to include a financial center focusing on investments in energy and mining. Learn more >> https://bit.ly/45jVbYy #Turkey #Russia #Botas #Gazprom #naturalgas #natgas #gashub #energy #energyolicy #sanctions #secondarysanctions
Turkey Plans Gazprom-Botas JV for Gas Hub
energyintel.com
To view or add a comment, sign in
-
Algeria Revives Niger Oil Exploration with Sonatrach-Sonidep Partnership Algeria’s state oil company Sonatrach is set to restart exploration activities in Niger’s Kafra block, after making two significant heavy oil discoveries in 2018 and 2019. The partnership with Niger's Sonidep aims to overcome the challenges posed by the heavy and waxy nature of these finds, which include 268 million barrels of proven and probable reserves. The move coincides with ongoing discussions about the Trans-Saharan Gas Pipeline between the two countries. Read more here: https://lnkd.in/e_FugAcC #AriesOne #EnergyConsultants #RigCount #OilAndGas #EnergyConsultants #OilAndGasConsultants #PetroleumConsultants #DrillingConsultants #OilAndGasConsultingFirms #OilAndGasProjectManagementServices #OilAndGasStaffing #OilfieldStaffingAgency #OilAndGasRecruitingAgency #OilAndGasWorkforceSolutions
To view or add a comment, sign in
-
MARI SHARE VALUE IN STOCK MARKET IS RS.2500 PER SHARE WITH A FACE VALUE OF RS. 10 WITH DIVIDEND RETURN OF RS 120
Mari Petroleum Company Limited Petroleum Company has announced the discovery of significant natural gas reservoirs in the Shiva One and Shiva Two regions of North Waziristan. These gas reserves are anticipated to yield annual savings of $265 million for a country dealing with both financial and energy challenges. According to information provided by the company, these reserves were identified during the drilling of two wells in the Shiva area of North Waziristan, meeting 5% of the nation's total gas demand. Asad Raza, Chief of Staff at Mari Petroleum, revealed that a local processing facility has been established to purify the gas and facilitate its transmission to the Sui Northern Gas Pipelines Limited (SNGPL) network. "With the establishment of this plant, over 900 skilled workers from the local community will find employment opportunities, and the newfound reserves are expected to result in annual foreign exchange savings of approximately $265 million, consequently reducing reliance on LNG imports," he elaborated. #maripetroleum #Naturalgas #Waziristan
To view or add a comment, sign in
-
Harouge Oil Operations has successfully increased production at the Farigh field to 1,600 barrels per day (bpd). 📈 This achievement is part of NOC's ongoing strategy to enhance production rates across its operations. 🌍 National Oil Corporation highlighted the efforts of the Petroleum Engineering Department at Harouge Oil Operations. 🛢️ The department successfully raised production from the AA-10 well in the Farigh field, located in the Amal concession, from an initial 250 bpd to 1,600 bpd. This significant increase is expected to rise further upon the completion of all necessary work on the well. To learn more about this, click the link in the comments below! ⬇️ #OilAndGas #EnergySector #NOC #HarougeOilOperations #ProductionIncrease #PetroleumEngineering #Libya #EnergyNews
To view or add a comment, sign in
-
Aramco now estimates that Jafurah unconventional onshore natural gas field contains a total resource of 229 tcf of raw gas, alongside an estimated 75 bbl stb of condensate. “Reserve booking practices were assessed through establishing continuity of resources and consistency of performance. These new estimates were technically validated by respected industry reserves certification consultancy DeGolyer and MacNaughton, which reviewed the statistical booking mechanism and provided a fully independent assessment.” #reserves #resources #certification #degolyerandmacnaughton #reservoircharacterization #unconventional #jafurah #saudiarabia #formationevaluation #middleeast #energy #oilandgas
Saudi Aramco Announcement: Jafurah Basin https://lnkd.in/gERJ4mpF
Aramco adds significant volumes to proven gas and condensate reserves at Jafurah
aramco.com
To view or add a comment, sign in
-
In a major win for Turkish energy independence, TPAO struck a massive oil reserve estimated at 1 billion barrels! This dwarfs the small discoveries made by Pakistani oil and gas professionals, which pale in comparison. TPAO's success is a testament to their remarkable skills and competence. Their discovery in Sirnak province, bordering Iraq and Syria, boasts over 162 meters of light oil reservoir. The well is already pumping out 10,000 barrels a day, and TPAO plans to significantly increase production to 100,000 barrels per day – more than doubling Turkey's oil output! This discovery is a game-changer for Turkey's energy security, and TPAO deserves immense credit for their expertise and achievement. 👏 👍 #pakistan #turkey #TPAO #oilandgas #oilandgascompanies #oilexploration #lahore #karachi #islamabad #pakistaneconomy
To view or add a comment, sign in
1,442 followers