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produced 20.135 million barrels of oil per day in 2024. Saudi Arabia was shown in the report to be second biggest oil producer in the world last year, with 10.856 million barrels per day. Russia was ranked third for oil production in the EI report, with 10.752 million barrels per day. The report showed that the U.S.
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.
Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gascondensate. Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2
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(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. billion cubic feet (BCF) natural gas and 66.5 million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked).
Kazakhstan has increased in February its crude oil and gascondensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gascondensate, Kazakhstan’s crude oil production surged by 15.5%
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