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24.12.2021
Gazprom Neft, Skoltech and the Khanty-Mansi autonomous okrug-Yugra are developing technologies to produce hard-to-recover oil

Gazprom Neft, the Skolkovo Institute of Science and Technology (Skoltech) and the Khanty-Mansi Autonomous Okrug—Yugra’s V.I. Shpilman R&D Centre for Rational Subsoil Usage have concluded an agreement on establishing an engineering centre to... More»
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17.12.2021
Gazprom neft establishes Russia’s first test facilities for developing hard-to-recover oil production technologies

Gazprom Neft is the first oil company in Russia to be awarded two of a new kind of upstream license — for developing technologies for prospecting for hard-to-recover reserves — at the same time. Technological test sites for evaluating domestic... More»
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03.12.2021
Breakeven Price For New Oil Projects Drops In 2021

Rystad Energy’s annual cost of supply analysis has revealed that costs within the upstream sector have come down considerably in 2021, making new oil more competitive and significantly cheaper to produce. The average breakeven price for new oil... More»
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25.11.2021
LUKOIL successfully tries out casing drilling

As a part of its technical and economic optimization programme, LUKOIL conducted controlled directional casing drilling at its Bayandyskoye and Pyakyakhinskoye fields, and received encouraging More»
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15.11.2021
Turkish Petroleum awards Schlumberger contract to tap its largest gas reserve

Turkish Petroleum has awarded Schlumberger a significant contract for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve. The contract is... More»
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08.11.2021
Gazprom Neft and Gazprom Burenie to support the development of Russia’s first oil- and gas-well drilling robot

Gazprom Neft and Gazprom Burenie have signed a Memorandum of Understanding to create Russia’s first robotised drilling unit. This digital drilling rig is expected to be used in building oil and gas wells at onshore and offshore fields, in the... More»
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01.11.2021
Oil industry needs $500 billion to avoid future supply crises, says Moody’s

Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. More»
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23.10.2021
LUKOIL creates largest digital model of oil field in Russia

PJSC LUKOIL brought into operation the largest digital model of an oil field in Russia. Creation of this complex integrated model of the Vatyeganskoye field is a part of LUKOIL's Intelligent Field project. More»
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03.09.2021
Rosneft Begins Unique Geological Research on the Eastern Arctic Shelf

The Rosneft research expedition started from Murmansk. The drilling vessel Bavenit is heading to the Laptev Sea to drill shallow stratigraphic wells in the Eastern Arctic and take cores for scientific work for the first time in history. The valuable... More»
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30.07.2021
Gazprom Neft joint venture fund New Industry Ventures is supporting the development of Russia’s first ever high-speed downhole survey system

The “New Industry Ventures” fund (a collective venture fund involving Gazprom Neft, Gazprombank, the Russian Venture Company (RVC) and VEB Ventures) has invested in developing a universal telemetry platform to support the drilling... More»
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