Russian oil companies have reduced the commissioning of new wells

August 12th. /MEDIA TALK/.On Monday, August 12, it became known that in the first half of 2024, the commissioning of oil wells in Russia decreased. In six months, the figure amounted to 3,657 mining operations, which is 12% less than in the same period in 2023, Vedomosti reported, citing sources.


Photo: ru.freepik.com

Vertically integrated oil companies (VIN) accounted for 3,329 wells, and another 328 were commissioned by other hydrocarbon producers. Thus, VINK reduced volumes by 12%, and other market participants — by 13.5%.

The media added that the need to develop hard-to-recover reserves forces domestic companies to increase horizontal drilling.

Recall that today the price of Brent crude oil on ICE exceeded $ 80. This happened for the first time since August 2.