Tag Archives: Production

Trio plus Kazakh agree to keep all options open including the possible extension of output cuts beyond next March.

Iran has been producing around 3.8 million bpd of oil in recent months.

Oil exports are expected to reach up to 2.5 million bpd within five years.

SOFAZ was established in Azerbaijan in 1999 and the Fund’s main source is revenues from the sale of oil and gas that account for the state share.

Iran for exporting its oil to Americas needs to carry out further studies.

The country is a minor player in the global hydrocarbons industry. extracting the equivalent of about 815.000 tonnes of oil per year.

Gazprom'.s 2018 plan for gas production is expected to exceed 430 billion cubic meters. which were initially planned for 2017.

In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.

BP stated that the crane is capable of placing 750t subsea structures as far as 600m below sea level.

The cut deal is very likely to be extended through to mid-2018 and even maybe end-2018.