Latest Oil and Gas News Russia

Capital Safety, home of the world-renowned DBI-SALA and PROTECTA brands, and Standfast Enterprises USA LLC, a leading designer and manufacturer of award-winning height safety products, announce a partnership to market a full line of TRAM™ height safety systems. TRAM systems offer users mobility, stability and security atop tanker trucks, rail cars, and along gantries.

The TRAM system is comprised of the TRAM unit, rail, handhold, mounting hardware and body support. The system prevents falls on a platform or walkway and provides protection for the user while making the transition between the ladder and the platform or walkway. It is designed for use in various industrial, mining, defense, transport and other height-safety applications.

"Capital Safety's new partnership with Standfast allows us to expand our world-class line of fall protection products by offering a unique, user-friendly, safe and cost-effective system to our customers around the world," said Steve Jervis, Global Product Director of Systems and Anchors for Capital Safety. "This partnership expands our customers' access to the best fall protection equipment available for various applications, especially those which have been previously difficult to ensure safety of users."

"Standfast has a flexible, durable and simple-to-use product that the market is looking for," said Cameron Baker, president of Standfast USA. "Partnering with an industry leader allows us to reach a worldwide customer base with the trusted DBI-SALA brand and Capital Safety's reputation for support."

Labels: Capitol Safety

posted by The Rogtec Team @ 10:40  0 Comments

First oil was extracted today at the Yu. Korchagin field in the Russian offshore of the Caspian Sea.

Vladimir Putin, Chairman of the Government of the Russian Federation, participated in the ceremony dedicated to the commissioning of this field.

The Yu. Korchagin field was discovered by LUKOIL in 2000. Its 3Р category hydrocarbon reserves exceed 270 million BOE. The maximum expected output is 2.5 million tons of oil and 1 billion cubic meters of gas annually. Between 2004 and 2009, LUKOIL invested a total of RUR 34.4 billion into field development. The Company expects to extract 343 thousand tons of oil till the end of the year.

The field's infrastructure includes the following facilities:

• An ice-resistant stationary platform (IRP-1) equipped with a drilling complex that has a loading capacity of 560 tons to drill wells 7,400 meters deep. The number of wells is 30. IRP-1 was constructed at the Astrakhansky Korabel plant.
• An additional ice-resistant stationary platform (IRP-2) for personnel accommodation. The living quarters can accommodate 105 people. Operation in the autonomous mode can reach 15 days. IRP-2 was constructed at ООО LUKOIL-Kaliningradmorneft's plant.
• A subsea pipeline with a length of 58 kilometers, diameter of 300 millimeters, and a wall thickness of 16 millimeters.
• A floating storage unit. The deadweight is 28,000 tons. It carries a crew of 25 men. The floating storage unit is mounted outside of the Caspian ice zone.

Oil will be transported from the area by shuttle tankers with deadweight of six to twelve thousand tons.

At the moment the third well is being drilled for water injection in order to maintain the formation pressure. The first well was drilled for oil extraction and the second one for extraction of associated gas that will be used for autonomous power supply to the facility.

The Company implemented a unique for Russia engineering and technological solution, which is drilling horizontal wells with a length exceeding 5 kilometers. Due to a regular radial location of the wells, it is possible to simultaneously drill in all productive formations. Monitoring of the drilling process is also conducted from the shore via satellite channel in the on-line mode.

During an oilfield construction LUKOIL conducted satellite monitoring of the northern part of the Caspian Sea. The satellite data were received by the Company's specialists in the quasi-real mode via the webservice LUKOIL-Kosmosnimki. The monitoring revealed no evidence of oil spills within the boundaries of the Company's license areas during the whole monitoring period.

Labels: Lukoil

posted by The Rogtec Team @ 16:05  0 Comments

The new 'Baku Expo Centre' will open its doors for the first time when it hosts the trade exhibition of the region's leading oil and gas industry event, Caspian Oil and Gas. The event will take place in the Azerbaijan capital from 1st to 4th June 2010. Baku Expo Centre is an international standard, purpose-built events venue. It provides over 30,000m2 of exhibition space and includes facilities for hosting conferences, meetings, seminars and presentations.

Mr. Edward Strachan, Executive Director of the ITE Group, which organises the exhibition and conference, said: "We are delighted that Caspian Oil and Gas will be the first event to be held in the new exhibition complex. It marks the beginning of a new chapter in the history of this highly respected event by providing excellent facilities and room for future expansion. It is testament to the strength of the Azerbaijan economy and the foresight of the government that, even through a testing economic period, the construction of the Baku Expo Centre has been completed. Baku is the Caspian region's commercial centre and with this new exhibition facility, it will reaffirm the Azerbaijan capital as the focal point of the region’s trade event activity too."

The Caspian Oil & Gas Conference will be held on the 2nd and 3rd June at the Hyatt Regency Hotel, also in Baku. 2010 will be the 17th edition of the event and the exhibition and conference are fully supported by the Ministry of Industry & Energy of Azerbaijan and the state oil and gas company, SOCAR.

Labels: ITE

posted by The Rogtec Team @ 14:39  0 Comments

About 100 new wells are to be drilled at the Varyoganneftegaz fields in 2010. "The Company has not achieved such drilling rates for a long time", said Sergey Karavaev, General Director of Varyoganneftegaz. At a conservative estimate, this will bring ca. 450,000 extra tons of crude to the subsidiary.

About 11 drilling rigs are currently operated at the oil fields. Nine out of them are used for development drilling, and two rigs are installed at exploration wells.

Apart from traditional areas where proactive construction of new wells is underway, Ven-Yoganskoe and Severo-Khokhryakovskoe fields where operations used to be suspended are currently involved in exploration activities. Good performance of exploratory wells has confirmed availability of hydrocarbon reserves at the Verkhne-Kolik-Yoganskoe field. It is worth noting that oilmen now have to deal with hard-to-recover reserves. In order to decide upon feasibility of developing this or that site, profound geological and seismic studies are conducted. But all prospecting and exploration costs are worthwhile. This tactics is applied at all fields of the Varyoganneftegaz Target Subsidiary.

Labels: TNK-BP

posted by The Rogtec Team @ 09:26  0 Comments

Polarcus Limited (OAX: PLCS) announced today that it has received a Letter of Award from Nexen Petroleum U.K. Limited. for a 3D seismic acquisition project in the UK sector of the North Sea. The project will be acquired by Polarcus Naila, the Company's second 12 streamer 3D seismic vessel. The project will commence in June 2010 and is expected to run for approximately 25 days

Labels: Polarcus

posted by The Rogtec Team @ 17:06  0 Comments

His Royal Highness Crown Prince Haakon of Norway today toured POLARCUS ASIMA during a private visit to the Drydocks World - Dubai shipyard in the United Arab Emirates. The Crown Prince is currently on an official visit to the United Arab Emirates that aims to strengthen economic relations between the two countries and support cooperation in renewable energy, oil, gas, environment and marine transportation fields.

HRH Crown Prince Haakon was accompanied on the onboard tour of POLARCUS ASIMA by His Excellency Mr Trond Giske, Minister of Trade and Industry Norway, Her Excellency Mrs Ase Elin Bjerke, Ambassador of Norway to the United Arab Emirates, His Excellency Mr Erik Lahnstein, Deputy Minister of Foreign Affairs Norway, and other distinguished guests and senior representatives of Polarcus and Drydocks World - Dubai. Also accompanying the official delegation onboard were senior representatives of Norwegian industry suppliers to Polarcus; ODIM ASA, Ulstein Group, Kongsberg Maritime and Det Norske Veritas (DNV), each involved in the construction or classification of the high-end 3D seismic vessel being built at the Drydocks World - Dubai shipyard.

POLARCUS ASIMA is a purpose-built 12 streamer 3D seismic vessel of the latest ULSTEIN SX134 design and the largest vessel in the Company's fleet with an overall length of 92m and a beam of 21m. POLARCUS ASIMA is also the first true Arctic-ready 3D seismic vessel in the industry with an ICE-1A

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posted by The Rogtec Team @ 14:38  0 Comments

Polarcus Limited (OAX: PLCS) today held the naming ceremony for the Company's third and most sophisticated 3D seismic vessel yet, POLARCUS ASIMA. The ceremony was held at the Drydocks World - Dubai shipyard in the United Arab Emirates and was attended by over 200 local and international guests.

POLARCUS ASIMA is a purpose-built 12 streamer 3D seismic vessel of the latest ULSTEIN SX134 design and the largest vessel in the Company's fleet with an overall length of 92m and a beam of 21m. POLARCUS ASIMA is also the first true Arctic-ready 3D seismic vessel in the industry with an ICE-1A class notation from DNV, double hull and an advanced ballast water treatment system that eliminates the risk of introducing invasive species into fragile ecosystems such as those found in the Arctic. The vessel has a maximum speed of 15 knots and is capable of deploying 12 streamers of 9,000m length at 100m separation.

The name Asima is derived from the Arabic female name meaning 'protector' to reflect the vessels low environmental footprint and associated advanced features designed to safeguard the environment in the harshest of operating conditions.

Rolf Ronningen, CEO Polarcus, expressed in his welcome speech Polarcus's gratitude to the shipyard and to all involved in the project, before commenting: "We are proud to introduce the world's first true Arctic-ready 12 streamer seismic vessel to the industry. Her advanced hull design and incorporated maritime technologies will ensure that POLARCUS ASIMA will be one of the safest and cleanest seismic vessels in the industry for years to come, whether operating in the harsh Arctic environment where her high ice class will be critical for her safe operation, or the environmentally sensitive sea areas of Australia and Brazil where her sophisticated environmental features will come into their own."

Mrs. Mary Taylor, wife of Polarcus Board Member and Drydocks World-Dubai CEO Geoff Taylor, delivered the blessing and assumed the role of Godmother to POLARCUS ASIMA.

Labels: Polarcus

posted by The Rogtec Team @ 11:51  0 Comments