Tag Archives: Drilling

China. the world’s biggest oil consumer after the U.S.. has sought a foothold in crude production everywhere from Africa to Canada.

The DrillPlan solution will be available in North America land operations in fourth-quarter 2017.

The development of Phase 13 involves drilling 38 production wells.

NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.

Under the terms of the agreement. the daily volume of extracted gas is set to reach four million cubic meters. The gas will then be delivered to a gas-to-liquid refinery at Mossel Bay.

In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion. but the deal fell through after the Russian anti-monopoly repeatedly postponed its approval.

The subject of the study is an area that could contain up to 14 billion barrels worth of oil reserves.

Nigeria'.s oil production. including crude oil and condensates. is currently at around 2.2 million to 2.3 million b d.

Korpfjell is the fourth well that Statoil has drilled in its 2017 exploration campaign in the Barents Sea. which has been fairly disappointing so far.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate. according to the estimations of SOCAR geologists.