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Iraqs Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbbl/d) by 2029, while confirming an agreement with bp to develop four oil fields in Kirkuk, Iraq News Agency reported.
billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. The supermajor and its partners have several oil projects on stream, collectively producing more than 650,000 barrels per day (bpd) of crude oil.
Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029. Algerias Sonatrach will increase hydrocarbon production by 2.5%
According to the companys statement, the development plan includes the installation of a floating production storage and offloading (FPSO) vessel and is designed to produce up to 120,000 barrels of oil per day (b/d).Current Current estimated recoverable resource volumes of the Gato do Mato development are approximately 370 million barrels.
billion in 2027 2029, before returning to sustaining expected capital of $0.8 This press release contains various references to the abbreviation boe which means barrels of oil equivalent. billion in 2027-2029, before returning to sustaining expected capital of $0.8 Capital expenditures are expected to average $0.9 $1.0
Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells.
Equinor Q1 2025 Performance Total Equity Production: 2,123 mboe/day Equinors total equity production in the first quarter of 2025 was 2,123 thousand barrels of oil equivalent per day (mboe/d). This represents a slight decline compared to 2,164 mboe/d in Q1 2024 a decrease of about 1.9%. increase from 1,056 mb/d in Q1 2024. shale basins.
million barrels of oil equivalent per day by 2030, “with capacity to increase further to 2035” BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9 billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.
Focused capital on high-return hydrocarbon ventures such as Kaskida in the Gulf of America (aiming for 80,000 barrels of oil per day by 2029) and Tangguh UCC in Indonesia (the countrys first at-scale enhanced gas recovery with CCUS). at a TravelCenters of America site.
The $8-billion project is expected to see peak production of 160,000 barrels of oil per day, beginning in 2029, according to 2020 estimates but since then, this has been revised up to a maximum of 180,000 barrels per day (bpd).
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