Remove Barrel Remove Condensate Remove Field
article thumbnail

$17B in New Deals for World’s Largest Gas Field May Indirectly Go to Russia

OilPrice

Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2 trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate. Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir.

Field 275
article thumbnail

Kazakhstan Expects to Top Its Oil Output Plan in Defiance of OPEC+

OilPrice

Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%

IT 344
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kazakhstan can’t make supermajors cut oil production

Oil & Gas 360º

million barrels per day (bpd). The deal doesnt cover condensate production and has no limits on it. Last week, Akkenzhenov said that Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field. million barrels from cumulative output by 2026. higher compared to 2024.

Oil 130
article thumbnail

Kazakhstan says it has no plans to cut oil production this month

Oil & Gas 360º

Central Asias largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000 metric tons in March, the Astana-based Energy Ministry said by email. million barrels a day of crude this month.

IT 130
article thumbnail

Zephyr Energy announces initial results from State 36-2R well evaluation Williston Project and Zephyr Hawk update

Oil & Gas 360º

.” State 36-2R well evaluation The Zephyr team has conducted an integrated post well evaluation incorporating all geological, geophysical and engineering data gathered from the State 36-2R well and from the greater field area. million barrels of oil equivalent (“boe”) for the well. Total Gross equivalent (MMBOE) 32.5

BCF 130
article thumbnail

Zephyr Energy plc announces successful initial results from State 36-2R well production test

Oil & Gas 360º

Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9 million standard cubic feet per day (“mmscf/d”) and 856 barrels of oil per day (“bopd”)) on a 18/64-inch choke setting, which was achieved with no material drop in bottom hole pressure.

Energy 147
article thumbnail

CanCambria Energy Corp announces resource evaluation report for the Kiskunhalas tight-gas project, southern Hungary

Oil & Gas 360º

million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked). MMBBL condensate/NGL. CanCambrias Field Development Plan (FDP) comprises a total of 100 wells, with two phases each comprising 50 well tranches. billion cubic feet (BCF) natural gas and 66.5 BCF natural gas and 53.2

Gas 130