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Production News

Iran Set to Increase Oil Recovery from Forouzan Oilfield
Iran >> 5/6/2017 - Iranian Offshore Oil Company (IOOC) says it will increase crude oil production from the field by 12,000b/d once it starts operating a new platform over the field. ...
AMAK Comes Online
Iran >> 5/6/2017 - In a ceremony attended by Masoumeh Ebtekar, head of Environment Department, second phase of AMAK - The largest environmental project of the country in oil and gas sector – comes officially online. ...
Five-Millionth Tonne of Oil Produced at Novoportovskoye Field
Russia >> 5/5/2017 - Total cumulative oil production at the Novoportovskoye field has now reached five million tonnes, the landmark tonne of crude being shipped by Gazprom Neft subsidiary Gazpromneft-Yamal on the Shturman...
PetroVietnam Says Venezuela Oil Project Still Stalled
Venezuela >> 5/3/2017 - PetroVietnam's joint venture with Venezuela's state-run oil company PDVSA remains stalled but the Vietnamese company hopes ongoing talks will lead to reactivation of operations, a top executive for th...
Total Brings on Stream the Badamyar Gas Project
Myanmar >> 5/2/2017 - Total has started up production from the Badamyar project, located offshore 220 kms south of Yangon in the Republic of the Union of Myanmar. The project will enable an extension of the Yadana gas fiel...
Q1 2017 Production of High-Performance Gasolines at Omsk Refinery Up 11% Year-On-Year
Russia >> 4/26/2017 - Q1 2017 results show Gazprom Neft’s Omsk Refinery produced 1.44 million tonnes of high-octane gasolines during that period — a year-on-year increase of 11.1 percent. Production of premium-brand Premiu...
Oman Upstream Oil and Gas Activity at High Levels
Oman >> 4/26/2017 - Notwithstanding a commitment to capping crude production in line with a global output reduction pledge reached by Opec and non-Opec producers, activity levels in Oman’s oil and gas sector will continu...
Azeri Absheron Gas Field Could Start Production At End-2019
Azerbaijan >> 4/25/2017 - Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020, an official at Azeri state energy company SOCAR said on Tuesday. Absheron is an offs...
Norway Sees Increase in March Oil and Gas Production
Norway >> 4/25/2017 - Preliminary production figures for March 2017 show an average daily production of 2 145 000 barrels of oil, NGL and condensate, which is an increase of 63 000 barrels per day (approx. 3 percent) compa...
Eland Oil & Gas Provides Operational & Funding Update
Nigeria >> 4/24/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce the following operational and funding update. ...
Two Million Tonnes of Oil Produced at Vladimir Filanovsky Field
Russia >> 4/24/2017 - LUKOIL has reached another milestonnee with two million tonnes of oil, produced at the Vladimir Filanovsky field in the Caspian Sea. As of today, hydrocarbons are extracted through four horizontal pro...
Statoil Receives Consent for Use of Gina Krog
Norway >> 4/24/2017 - Statoil has received consent to put the Gina Krog facility and associated pipeline system into service. In June 2016, Statoil received partial consent from the PSA to put into service the accommodatio...
SOCAR Boosts Caspian Resources Output
Azerbaijan >> 4/23/2017 - Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters of gas per year after it commissioned a new well on the Guneshli offshore field in...
Azar Oilfield Output to Reach 30,000 bpd
Iran >> 4/22/2017 - Production from Azar Oilfield in the southern Ilam Province is slated to double in May, said Keyvan Yarahmadi, who oversees the development of field at the Petroleum Engineering and Development Compan...
OPEC & Non-OPEC Committed to Restore Market Stability
Iran >> 4/20/2017 - OPEC Secretary-General Mohammad Barkindo said that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry’s five year average and restorin...
Over 6 Billion Cubic Meters of Hydrocarbons Produced from Vietnam’s Moc Tinh & Hai Thach Fields
Vietnam >> 4/19/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Vu Truong Son, CEO and Member of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), t...
Wintershall Starts First Oil Production in Danish North Sea
Denmark >> 4/19/2017 - Wintershall Noordzee B.V. has commenced production from its first own-operated Danish oil field. The Ravn field (Block 5/06) produces oil from a depth of approximately 4,000 meters via a newly constru...
First Gas Flows at Bezzecca in Northern Italy
Italy >> 4/18/2017 - Saffron Energy plc, the natural gas producer with interests in northern Italy, is pleased to announce that first gas production from the Bezzecca gas field commenced on Thursday 13 April 2017. Commi...
Iran Eyes 0.5mbd of Crude from West Karoon Region
Iran >> 4/13/2017 - Iran will be recovering over half a million barrels per day of crude oil by late-June 2017, a senior Iranian oil official said. ...
Ascent Resources Commences Production from Pg-10 Well
Slovenia >> 4/13/2017 - The Board of Ascent Resources plc, the European focused oil & gas exploration and production company is delighted to report that commercial production has commenced from well Pg?10. The Company has be...

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