2016 at a glance | 333 (March 2017)

2017-04-15 13:59 Views 400

2016 at a glance

REGION 1

IRAQ

  • West Qurna-2* production totaled 101,6 thousand bpd
  • The first exploratory well at Block 10 recorded daily flow rate of more than 1.000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within the contract area.

EGYPT

  • Production at Egypt’s oil fields was 6.2 thousand bpd
  • The company received a license to conduct exploration work at Block PL-858
  • The decision was made to leave the PL-708
  • Analysis of seismic data and geological models is ongoing at PL-719

REGION 2

NORWAY

ROMANIA

  • Analysis of seismic data and reserves estimation from the Lira oil field is ongoing
  • Drilling at Nigeria’s Nisko North-2X oil field led to the discovery of a new deposit with initial geological reserves of 429 thousand tons of oil
  • The Tano project in Ghana, which led to the discovery of the Pekan oil field, advanced to the “Planning” stage (FEED)
  • The company exited projects in Cote d’Ivoire

WEST AFRICA

MEXICO

  • Renaissance Oil obtained a 25% stake in Amatitlan
  • A test exploitation program has been prepared for the Chicontepec formation
  • An exploration program has been prepared for the Pimienta formation
  • The company participated in bidding Round 1.4 for deepwater blocks in the Gulf of Mexico

2016 at a glance

REGION 3

UZBEKISTAN

  • Production at fields in Uzbekistan amounted to 5.6 billion cubic meters of gas and 107.7 thousand tons of gas condensate
  • LUKOIL began construction of the Kandym Gas Treatment Plant
  • Realization of the Gissar Full Development project continued

KAZAKHSTAN

  • Production at fields in Kazakhstan amounted to 108.4 thousand bpd of oil and 1.8 billion cubic meters of gas

AZERBAIJAN

  • Production at the Shah-Deniz field amounted to 0.9 billion cubic meters of gas and 4.1 thousand bpd of oil

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