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Production News

OMV to Resume Production at Maari Oil Field
New Zealand >> 1/12/2017 - The Maari oil-field, 80km off the Taranaki Coast, is set to progressively resume production this week says its operator, OMV New Zealand. The company stopped production in late November last year as a...
Horizon Oil Reports Significant Production Milestone at Beibu Gulf Fields
China >> 1/12/2017 - Horizon Oil has advised that on 10 January 2017 production from the Beibu Gulf fields, offshore China, which came on stream in March 2013, reached a total of 13.9 million barrels of oil. ...
Petrobras Reaches Its Production Target
Brazil >> 1/11/2017 - Petroleo Brasileiro S.A., Petrobras reports that the Company’s average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above the results...
Gazprom Neft Expects to Start Pilot Project Works at Severo-Samburgskoye Field in 2017
Russia >> 1/10/2017 - Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 201...
Russia Cuts Oil Output by 100,000 Bpd in Early Jan 2017
Russia >> 1/9/2017 - Russia cut its oil production in early January by around 100,000 barrels per day (bpd) from the previous month after an agreement with OPEC to cap global crude output, two sources from the energy sect...
Iran Gas Output up 50% in 3 Years
Iran >> 1/7/2017 - Iranian Minister of Petroleum Bijan Zangeneh says Irans gas output has raised its natural gas output by 50% over the course of the past three years. ...
S. Sudan’s Unity Oil Fields to Resume Production within Two Months
South Sudan >> 1/6/2017 - South Sudan will resume oil production from the Unity oil fields in a two-month period said officials in Bentiu and Khartoum, asserting that the area is no longer troubled by rebel presence. Petroleum...
Saudis & Russia to Diverge on Speed of Oil Output Cuts
Russia >> 1/6/2017 - OPEC and non-OPEC members have pledged to cut their combined oil production by an average of just over 1.7 million barrels per day (bpd) in the first six months of 2017. ...
Successful Workover of Avouma 2-H Well Produces 2,700 BOPD Gross
Gabon >> 1/5/2017 - VAALCO Energy, Inc. (VAALCO) announced that the Avouma 2-H well on the Avouma Platform offshore Gabon is back on production after utilizing a hydraulic workover unit to replace a failed Electric Subme...
Aker BP Reports 1 Billion Barrels Produced at Valhall
Norway >> 1/5/2017 - Valhall and Hod have passed one billion barrels of oil equivalents (oil, gas and NGL) produced – thus more than three times what was expected at the opening of the field in 1982. Hod, which produces v...
Kuwait Petroleum Corp Committed to OPEC Oil Output Cut
Kuwait >> 1/4/2017 - State-owned Kuwait Petroleum Corp (KPC) said it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November, Kuwait's state news a...
Chevron Resumes Operation at Gorgon LNG Train 1
Australia >> 1/4/2017 - Chevron Corp has resumed production of liquefied natural gas (LNG) at one of its two units at the $54 billion Gorgon project, located off Western Australia, after an outage of slightly more than a mon...
Regal Petroleum Provides Update on Ukraine Operations
Ukraine >> 1/4/2017 - Regal Petroleum plc, the AIM-quoted oil and gas exploration and production group, announces an update of its operational activities at its Ukrainian gas and condensate fields, which comprise the Mekhe...
Chevron Resumes Operation at Gorgon LNG Train 1 After Month-Long Outage
Australia >> 1/4/2017 - Chevron has resumed production of liquefied natural gas (LNG) at one of its two units at the $54 billion Gorgon project, located off Western Australia, after an outage of slightly more than a month. ...
Regal Petroleum Provides Update on Ukraine Operations
Ukraine >> 1/4/2017 - AIM-listed Regal Petroleum has announced an update of its operational activities at its Ukrainian gas and condensate fields, which comprise the Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV...
La Cira Infantas Field Achieved a Production of 40 Thousand bpd
Colombia >> 1/4/2017 - Cira Infantas, Colombia's oldest oil field in Santander, surpassed December 31 production of 40,000 barrels per day, thanks to a campaign that took place last September, which included the drilling of...
Maersk's Tyra Gas Field to Cease Production in 2018
Denmark >> 12/30/2016 - Maersk Oil has issued a notification to the Danish gas market. This notification announces that an economically viable solution for full recovery of the remaining resources in the Tyra field has not y...
China's Top Oilfield to Cut Capex by 20% in 2017
China >> 12/29/2016 - China's largest oilfield Daqing will slash capital spending in 2017 by 20 percent from a year earlier, owner PetroChina said late on Wednesday, even as it looks to keep output steady. ...
Lula Accounts for More Than 25% of Brazilian Oil Production
Brazil >> 12/28/2016 - Total production of oil and natural gas in Brazil in November was approximately 3.307 million of barrels of oil equivalent per day. Oil production totaled 2.609 million barrels per day, a decrease of ...
Venezuela Announces Implementation of Oil Production Cut Deal
Venezuela >> 12/27/2016 - PDVSA announces the implementation of the agreement to reduce production reached by member and non member countries of the Organization of the Petroleum Exporting Countries (OPEC). Under the agreement...

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