Production News

Lukoil Signs Supplement Agreement to Service Contract
Lukoil Signs Supplement Agreement to Service Contract Iraq >> 1/17/2013 - Vagit Alekperov, OAO LUKOIL President, and the authorized representatives of the Iraqi state-owned companies, North Oil Company and South Oil Company, signed a Supplement Agreement to the Development ...
UAE's Oil Demand isn’t Growing as Fast This Year
United Arab Emirates >> 1/16/2013 - Oil markets have some excess supply and exporting nations are monitoring Europe’s debt crisis to gauge whether global consumption will expand as much as it did last year, the United Arab Emirates oil ...
Oman Block 3&4 Production Averaged 14,734 Bopd
Oman >> 1/16/2013 - The production from Blocks 3 and 4 onshore the Sultanate of Oman amounted in December 2012 to 456,762 barrels of oil, corresponding to 14,734 barrels of oil per day (BOPD). Tethys’ share of the produc...
TNK-BP Increases Production within International Projects by 14% in 2012
TNK-BP Increases Production within International Projects by 14% in 2012 Russia >> 1/15/2013 - TNK-BP reports that based on the 2012 results oil production within the Company international projects is estimated at 18 mln barrels, which is 14% more than a year before. ...
Petro Vista Provides Corporate & Operational Update
Brazil >> 1/15/2013 - Petro Vista Energy Corp, an independent oil and gas exploration and production company provides the following corporate and operational update. ...
Zapolyarnoye Becomes Most Productive Field in Russia
Zapolyarnoye Becomes Most Productive Field in Russia Russia >> 1/15/2013 - The Taz District of the Yamal-Nenets Autonomous Area hosted the celebrations dedicated to bringing the Zapolyarnoye field to its full design capacity, i.e. 130 billion cubic meters of gas per year. ...
Andes Updates Operations on La Brea Block
Argentina >> 1/14/2013 - The Board of Andes, the Latin American E&P company, is pleased to give an operational update after the first production optimisation campaign undertaken by the company as operator of the "La Brea" blo...
Saudi Says Oil Supply Cut Not Aimed at Lifting Prices
Saudi Arabia >> 1/14/2013 - Top oil exporter Saudi Arabia cut oil output in December because of lower seasonal demand, a senior Saudi oil ministry adviser told the state news agency, rejecting media reports suggesting the move w...
Saudi Arabia Says Oil Production Cut not to Boost Price
Saudi Arabia Says Oil Production Cut not to Boost Price Saudi Arabia >> 1/14/2013 - Saudi Arabia denied what it said were suggestions that it cut oil production in December to push crude prices higher and accused unidentified media of misinterpreting the kingdom’s response to weaker ...
TATNEFT is Rapidly Developing Technologies of DCP
Russia >> 1/14/2013 - The JSC TATNEFT is rapidly developing technologies of dual completion and production (DCP) of two or more layers through one well ensuring efficient fields operation. As of January 12, 2013 the number...
TNK-BP Increased Production in Uvat by 19% in 2012
Russia >> 1/10/2013 - TNK-BP informs that according to preliminary data TNK-Uvat's 2012 oil production will amount to approximately 7 mln tons, 19% more than in 2011. ...
UAE to Lift Oil Production Capacity in 2013
United Arab Emirates >> 1/9/2013 - The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the current year, the country's oil minister Mohammad Al-Hamli said...
BG Starts Production from Sapinhoa, Offshore Brazil
Brazil >> 1/8/2013 - BG Group and its consortium partners announced the start of commercial production on time and on budget at the Sapinhoa field in block BM-S-9 offshore Brazil, one of the Group's "big five" discoveries...
Eland Oil & Gas Provides OML 40 Production Update
Nigeria >> 1/7/2013 - Eland Oil & Gas plc issues the following update on activities for the OML 40 Licence, located in on shore Nigeria (OML 40). ...
Hebron Oil Project to Proceed off Canada’s East Coast
Canada >> 1/4/2013 - Exxon Mobil Corporation announced it will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 milli...
Third Well Starts to Produce in the Tubarao Azul Field
Brazil >> 1/4/2013 - OGX has connected and started its third production well in the Tubarao Azul field, TBAZ-1HP, situated in the Campos Basin, on December 31, 2012, which was under cleaning and adjusting process and init...
Ivory Coast Aims to Boost Oil Output after Discoveries
Ivory Coast (Cote D'Ivoire) >> 1/3/2013 - Ivory Coast hopes to raise its oil output to around 200,000 barrels per day in five years from 32,000 bpd now thanks to recent discoveries and ongoing exploratory drilling, a top oil official said. ...
Sudan's Oil Production Rises to Almost 140,000 Bpd
Sudan >> 12/30/2012 - Sudan has managed to boost oil production to almost 140,000 barrels per day and plans to add another 10,000 bpd next year, its oil minister said after the African country launched a new oilfield. Suda...
Candax Reports Update on Ezzaouia Wells
Tunisia >> 12/28/2012 - Candax Energy announces a return to production on its Ezzaouia-1 well. Candax also announces a setback relating to its Ezzauoia-9 and Ezzaouia-17 wells. ...
Two New Projects Started Production Successfully
China >> 12/28/2012 - CNOOC Limited announced that Panyu 4-2/5-1 oil field adjustment project and Liuhua 4-1 oil field located in the Pearl River Mouth Basin of South China Sea, successfully commenced production. ...

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