Rosneft discovered a new field in the Republic of Bashkortostan, the company said. The geological reserves of the Anastasyinskoye field of C1+C2 category in the amount of 0.6 million tons were recommended by The State Commission on Reserves for state registration.
The Anastasyinskoye field was discovered by drilling two exploration wells in the West Kungak licence area.
The success of the prospect and exploratory drilling was ensured with application of advanced methods of seismic and geophysical activities.
The new field exploration is supposed to be performed by using the existing infrastructure of the Biavash oil field.
The company expects further fields to be discovered in Bashkiria in 2017.
The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.
Iraq has signed a contract with China’s CNOOC to conduct a seismic survey for two oil exploration blocks, the oil ministry said on Jan. 31.
Polarcus Ltd., which operates ships that search for offshore oil and gas, announced two project cancellations on March 23 that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.