Russia’s second-largest oil producer Lukoil said on April 3 it has signed a contract for hydrocarbon exploration and development of the Zhenis Block in Kazakhstan’s sector of Caspian Sea.
The company said the project’s operator is owned by Lukoil and KazMunayGas on equal terms.
Lukoil will drill at least one exploration well and carry out a 3-D seismic survey.
Recommended Reading
Shell Offshore Takes FID on Waterflood Project in GoM
2024-08-14 - Shell Offshore’s waterflood secondary recovery process involves injecting water into the reservoir formation to extract oil.
US Drillers Cut Oil, Gas Rigs for First Time in Three weeks
2024-08-02 - The oil and gas rig count, an early indicator of future output, fell by three to 586 in the week to Aug. 2. Baker Hughes said that puts the total rig count down 73, or 11%, below this time last year.
Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48
2024-06-24 - Public-private M&A brings new players to top slots in private operators list.
Beetaloo Juice: US Shale Explores Down Under
2024-06-28 - Tamboran Resources has put together the largest shale-gas leasehold in Australia’s Beetaloo Basin, with plans for a 1.5+ Bcf/d play. Behind its move now to manufacturing mode are American geologists and E&P-builders, a longtime Australian wildcatter, a U.S. shale-rig operator and a U.S. shale pressure-pumper.
TGS to License Tanzania’s Offshore Subsurface Data
2024-06-20 - TGS, in an agreement with Tanzania’s Petroleum Upstream Regulatory Authority, reserves the right to license all of the country’s offshore data, acquire future seismic data and reprocess existing data.