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Production News

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...
Algeria’s Sonatrach to Boost Output 20% With New Projects
Algeria >> 12/25/2016 - Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20 percent in the next four years as new projects start up, Salah Mekmouche, the company’s vice...
Production Started at Ivar Aasen Field
Norway >> 12/24/2016 - The first oil is produced by Ivar Aasen field in the North Sea. The start-up is according to the plan, and the development is completed within budget. Aker BP is the operator, and the production start...
Lukoil Produced 300 Thousand Tons of Oil at Pyakyakhinskoye Field
Russia >> 12/23/2016 - LUKOIL has produced 300 thousand tons of oil on the Gydan Peninsula in the Yamal-Nenets Autonomous District since commercial oil production commenced at the Pyakyakhinskoye oil and gas condensate fiel...
Statoil's Gullfaks Field Completes 30 Years of Production
Norway >> 12/22/2016 - Gullfaks was something of a final exam for Statoil – the first field where the company was both developer and operator. Since production started on 22 December 1986, 2.6 billion barrels of oil have pa...
PETRONAS to Cut Oil Production by 20,000 bpd
Malaysia >> 12/21/2016 - Following the pact made in Vienna, Austria on 10 December 2016 between OPEC and non-OPEC producers, PETRONAS will make a voluntary adjustment to Malaysia’s crude oil production starting from January o...
Tiputini Field Production Exceeded 30,000 bopd
Ecuador >> 12/21/2016 - The production of Tiputini Field, located in Block 43, province of Orellana, reached 30,306 barrels of oil per day. This is the highest figure since the incorporation of the Block to the national oil ...
Successful Workover on Avouma Platform Offshore Gabon
Gabon >> 12/21/2016 - VAALCO Energy, Inc. (VAALCO) announced that the South Tchibala 2-H well is back on production after utilizing a hydraulic workover unit to replace a failed Electrical Submersible Pump (ESP) system. Th...
Norway Sees Increased Production in November
Norway >> 12/21/2016 - Preliminary production figures for November 2016 show an average daily production of 2 153 000 barrels of oil, NGL and condensate, which is an increase of 37 000 barrels per day (approx. 2 percent) co...
Rumaila Oilfield Achieves 3 billion barrel Production Landmark
Iraq >> 12/20/2016 - The Rumaila Operating Organisation (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, today announced that the Rumaila oilfield has produced three billion barrels of oil since the jo...
One Billion Barrels from Troll B
Norway >> 12/20/2016 - Troll B has produced one billion barrels of oil equivalent since it came on stream on 19 September 1995. Troll B and C combined have been the largest oil producer on the Norwegian continental shelf fo...
Petrobras Starts Oil and Gas Production in Lapa Field
Brazil >> 12/20/2016 - Brazil's state-run oil company Petroleo Brasileiro SA has started to pump oil and natural gas from the subsalt field of Lapa, in the Santos basin, the company said in a securities filing. ...
Gran Tierra Energy Announces 2017 Guidance
Colombia >> 12/19/2016 - Gran Tierra Energy Inc. (GTE), a company focused on oil and gas exploration and production in Colombia, is pleased to announce its 2017 capital budget and production guidance. ...
MOGPC Raises Output 16%
Iran >> 12/18/2016 - According to Jahangir Pourhang - CEO of MOGPC, total output from Maroun Oil & Gas Producing Company reservoirs has increased by 16%. ...
Russia's Novak Says All Oil Firms To Cut Output Under OPEC Deal
Russia >> 12/16/2016 - All Russian oil companies, including champion producer Rosneft, have agreed to cut crude output under Moscow's agreements with OPEC, Russian Energy Minister Alexander Novak said on Friday. Asked if...
Nigeria Flags Oil Output Rise Ahead Of Debt Deal with Majors
Nigeria >> 12/15/2016 - Nigeria's oil production has risen to close to 1.8 million barrels per day (bpd), oil minister Emmanuel Ibe Kachikwu said ahead of the expected signing of a deal over repayments of $5.1 billion in deb...
Shell Starts Oil Production from Malikai Platform
Malaysia >> 12/14/2016 - Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah. Located in waters up to 500-metres deep, Malikai is ...
Aghajari Meets Full Production Target
Iran >> 12/14/2016 - Managing Director of Aghajari Oil & Gas Producing Company announced that in the current Iranian calendar year a full production target has fulfilled. ...
Petrofac Halting Tunisia Gas Output Again due to Protests
Tunisia >> 12/14/2016 - Oil and gas industry contractor Petrofac is halting gas production in Tunisia after two weeks of renewed protests on the southern Kerkennah islands, officials said. ...

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