Gazprom Neft to Restore Oil Drilling to Pre-pandemic Level in 2022

Reuters
Tuesday, February 15, 2022
©Gazprom Neft (File Photo)

Gazprom Neft, the oil arm of Russian energy firm Gazprom, expects to restore oil drilling to pre-pandemic volumes this year with the help of new technologies, a company senior manager told Reuters on Tuesday.

Analysts and company sources have said Russia may miss its May target of reaching pre-crisis oil output levels due to a lack of spare production capacity, but could do so later in the year. 

Yury Masalkin, in charge of exploration at Gazprom Neft, said the new technologies have helped speed up the start of production from the time of oil discovery by 2-3 times at the company's Zima project in West Siberia.

"The company has reached one of the highest rates of successful drilling in the industry thanks to introduction of a new approach to complex geological modelling in Russia," he said.

Gazprom Neft has said it plans to increase drilling activity this year by around a half. It expects oil and gas condensate output to rise by 7% in 2022. 

(Reporting by Olesya Astakhova; writing by Vladimir Soldatkin; editing by Susan Fenton)



Categories: Drilling Europe Asia

Related Stories

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

CNOOC Puts Into Production New Oil Field in South China Sea

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Current News

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com