NINE TIMES MORE
Rospan International (Rosneft subsidiary) carried out a record hydrofracturing at the Urengoiskoe field, which resulted in the 9 times increase of production rate.
There had been pumped 400 tons of proppant to benches of Achimov formation, which proved the efficiency of a record hydrofracturing at the 2-06-03 well. The previous record was 312 tons.
Following the results of the well performance, gas flow rate increased from 70 to 600 thousand cubic meters daily, and condensate increased from 12 to 200 tons daily. Meanwhile, bottom hole pressure is close to dew point pressure, which provides optimal conditions for the deposit exploitation. New approach to hydrofracturing allowed to increase the efficiency of operated activities by 50%.
Obtained results are directly consequential on systematic work carried out by enterprise geologists aimed at optimization of hydrofracturing technology, and give assurance in high recovering rates stipulated in the Rospan investment project of full field development.
Notes for Editors
Rospan International was the first enterprise to develop Achimov gas-condensate accumulations. It has been recovering gas and condensate at the Vostochno-Urengoisky and Novo-Urengoisky license blocks (the Yamalo-Nenets Autonomous District) since 1996.
Ultimate reserves of hydrocarbons at these license blocks total about 1 trillion cubic meters of natural gas, 150 million tons of gas condensate, and 46 million tons of oil.
Rosneft is intended to increase Rospan gas recovery up to 5.6 billion cubic meters in 2016, and to 18.4 billion cubic meters in 2018, which is stipulated in the integrated project of full-scale development of the Novo-Urengoisky and Vostochno-Urengoisky license blocks.
Within the scope of the project it is expected to drill and equip 275 exploitation gas-condensate and 19 oil wells, construct complex gas treatment plants, a condensate stabilization unit, an oil treatment unit, a railway liquid bulk terminal, and significant amount of pipelines of different application.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.