oil production | Egypt Oil & Gas - Part 10
Iran to Start Oil Production from Azar Joint Field
The CEO of Oil Industries Engineering and Construction (OIEC) Group, Gholamreza Manouchehri, announced that the first phase of production from Azar joint oilfield will start soon, SHANA reported. In an interview with ...
IOOC Studies to Raise Persian Gulf’s Production by 740 mmbbl
The Iranian Offshore Oil Company (IOOC) has conducted fast track comprehensive projects on four oil fields in the Persian Gulf, aiming to raise the estimated oil reserves by more than 740 million barrels (mmbbl), SHAN...
LUKOIL Ramps up Oil Production by 35 mmt
Russian oil and gas company, LUKOIL, produced 35 million tons (mmt) at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea. LUKOIL drilled the new production wells in 2020 producing over 7 mmt, ...
Gazprom to Restart Mothballed Oil Wells in Siberia
Gazprom Neft will increase its oil output by restarting mothballed oil wells in West Siberia and remain within the agreed output volume set by the Organization of the Petroleum Exporting Countries and its partners (OP...
Eni Announces Oil Discovery in the Western Desert
Eni has made a new oil discovery in the Meleiha Concession in the Western Desert, adding an extra 10,000 barrels of oil per day (bbl/d) to the current concession production. The discovery was made through the Arcadia ...
Petroleum Investments Surpass EGP 1.2 T in 6 Years
The petroleum sector’s investments over the past six years have surpassed EGP 1.2 trillion as it also attracted about 90% of direct foreign investments in Egypt, Tarek El Molla, Minister of Petroleum and Mineral Resou...
India’s HOEC to Start Oil Production from B-80 Field in April
Hindustan Oil Exploration Company (HOEC) will start oil and gas production from the B-80 block to produce 8,500 barrels of oil (bbl/d) and oil equivalent per day (bbloe/d) in April 2021. B-80 block is one of the five ...
Iran Plans to Hike Oil Production in 2021
Iran is planning to raise oil production in 2021, as it expects a loosening of US sanctions after Joe Biden becomes president. Iranian Oil Minister, Bijan Namdar Zanganeh, told lawmakers that Iran is going to pumps 4....
