ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

PetroNeft Resources plc operation update Production expected to commence in late August 2010

Thursday, July 29th, 2010

PetroNeft Resources plc (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations at Licence 61.

Highlights:

·         Fifth and sixth production wells successfully drilled

·         Wells have encountered some of the thickest net pay to date

·         Year-round production expected to commence in August 2010

·         Arbuzovskaya exploration rig-up complete.

Development Drilling
Drilling of the fifth and sixth of the planned nine production wells at the Lineynoye oil field has now been completed ahead of schedule. Preliminary log and survey data indicate that these wells have encountered some of the thickest net pay to date in the development programme.  The top of the reservoir interval is from 8 to 10 metres higher than prognosis which will benefit future reservoir stimulation and recovery of reserves.

Production casing will now be run in well No. 115 and cemented. The drilling rig will then be moved along its rails and drilling of the seventh well, No. 116, will commence shortly thereafter. A work-over rig is continuing the process of perforating and installing electrical submersible pumps in wells 109, 110 and 112 to 115.

Production Facilities
Construction of production facilities is almost complete and, based on the current rate of progress, is on schedule to allow first oil production to commence in late August 2010.

Arbuzovskaya Exploration Well
Rig-up operations for the Arbuzovskaya exploration well are complete and drilling is scheduled to commence in October 2010 after the nine well production drilling programme has been completed. This is the first of at least three exploration/delineation wells to be drilled in the northern part of Licence 61 in 2010 and 2011. This programme has the potential to materially increase both Company reserves and the long term production potential of Licence 61.

Dennis Francis, Chief Executive Officer of PetroNeft Resources plc, commented:

“Drilling of the production wells is continuing ahead of schedule and the results continue to be within or ahead of expectations. We are only weeks away from commencing year-round production and I look forward to updating shareholders in late August confirming we have met this target.”



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Polarcus Second quarter report 2010 – successful production

Tuesday, July 27th, 2010

Polarcus Limited (OAX: PLCS) reported its second quarter 2010 unaudited financial statements.

The quarter has seen Polarcus successfully complete the inaugural projects for the Company’s first two ultra-modern 3D vessels, POLARCUS NADIA and POLARCUS NAILA, and achieve its first profitable quarterly operating margin. The continued successful execution of the Company’s client projects has been paralleled by a significant increase in tender invitations received during the quarter and a consequent strengthening of vessel backlog including the first backlog for POLARCUS ASIMA. Polarcus continues to gather momentum becoming a new seismic major.

Highlights in the second quarter 2010:
• Revenues continued to grow with the increased activity and the on-going strict control of both SG&A and vessel operating expenses, resulted in an operating profit for the quarter. Revenues of USD 24.8 million were up 124% on the first quarter translating into EBITDA of USD 4.6 million, and a positive EBIT of USD 0.1 million.

• POLARCUS NADIA, currently under charter to TGS, successfully completed her inaugural five month project offshore Liberia before transiting to the UK sector of the North Sea for further project operations. The current charter period with TGS ends mid November 2010. TGS has a final remaining option to extend the charter by a further six month period thereafter.

• POLARCUS NAILA successfully completed her first project for Noble Energy in Cameroon before transiting to the North Sea to commence a Carbon Capture and Storage 3D project for Gassnova offshore Norway. This project was successfully completed on 04 July 2010 subsequent to which the vessel mobilized to the UK sector of the North Sea to commence a project for Nexen Petroleum U.K. Limited.

• Tender activity and backlog continued to strengthen during the second quarter with, as of 26 July 2010, 100% of the Company’s available Q3 fleet capacity and 25% of the Q4 fleet capacity is fully booked. During the quarter Polarcus received a Letter of Intent from OMV Norway for a 3D seismic acquisition project in the Norwegian sector of the Barents Sea. Under a joint cooperation agreement with JSC Dalmorneftegeophysica (DMNG), Polarcus also received a Letter of Intent from Rosneft for a 1,030 square kilometer 3D seismic acquisition project in the Russian sector of the Black Sea.

Subsequent important events:
• During pre-delivery sea trials of POLARCUS ASIMA a commissioning related failure was identified in one of the vessel’s two main propeller shafts. The fault has subsequently been rectified and trials now continue, but due to the requirement that the vessel had to be dry-docked to access the relevant system, the delivery of the vessel is revised to late August. The revised delivery schedule has been communicated to the launch client and does not impact the vessel’s previously announced backlog.

• Consequent on the revised delivery schedule above and to some additional structural modifications proposed to the latest ULSTEIN SX133 design that has resulted in adding a keel to the vessel in order to regain lost fuel capacity, delivery for POLARCUS SAMUR is rescheduled to be in the fourth quarter 2010. For the two optional vessels, POLARCUS ALIMA and POLARCUS SELMA, delivery is expected to be in the first quarter 2011.

• On 26 July Polarcus announced that subsequent to the successful and on time completion by Polarcus of the first Gassnova 3D survey (“Johansen 3D”) on 04 July 2010, the second 3D project (“Troll Kystnær 3D”) comprising 323 square kilometers offshore Norway has received budgetary approval and will be acquired by POLARCUS NAILA commencing in September 2010. This brings the combined size of the two Carbon Capture and Storage (CCS) 3D projects acquired for Gassnova to 740 square kilometers. The (“Troll Kystnær 3D”) project is expected to run for approximately 22 days. As a result of this announcement Polarcus has now secured 100% contract backlog for the Company’s available fleet capacity in Q3.



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Polarcus secures 100% fleet backlog for Q3 on confirmation of second Gassnova 3D project

Monday, July 26th, 2010

Reference is made to the notice published by Polarcus Limited on 25 February 2010 regarding the receipt of a Letter of Intent from Gassnova SF for two 3D seismic acquisition projects offshore Norway comprising a minimum 405 square kilometers and potentially up to a total of 900 square kilometers.

Polarcus Limited (OAX: PLCS) announced today that subsequent to the successful and on time completion by Polarcus of the first Gassnova 3D survey (“Johansen 3D”) on 04 July 2010, the second 3D project (“Troll Kystnær 3D”) comprising 323 square kilometers offshore Norway has received budgetary approval and will be acquired by POLARCUS NAILA commencing in September 2010. This brings the combined size of the two Carbon Capture and Storage (CCS) 3D projects acquired for Gassnova to 740 square kilometers.

The (“Troll Kystnær 3D”) project is expected to run for approximately 22 days. As a result of this announcement Polarcus has now secured 100% contract backlog for the Company’s available fleet capacity in Q3.



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PowerTec Russia & CIS Magazine Launches Blog Site

Friday, July 16th, 2010

PowerTec Russia & CIS Magazine Launches Blog Site for power generation in Russia, covering renewable, nuclear, coal, gas, hydro electricity generation and cogeneration.

Click on the link below to visit the blog:

http://www.powertecrussia.com/blog/



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ROGTEC Launches Russian Blog Site

Friday, July 16th, 2010

ROGTEC Launches Russian Blog Site for Russian Oil & Gas Upstream Magazine.

Click on the link below to visit the Russian Blog:

http://www.rogtecmagazine.com/ru-blog/



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Caterpillar Manufacturing Facility in Germany Recognized with Sustainability Award

Friday, July 16th, 2010

Kiel Engine Center in Germany has been recognized with environmental award for the state of Schleswig-Holstein.

As the world’s leading manufacturer of diesel engines, Caterpillar is committed to developing power systems solutions to meet customer needs.  Along with a clear focus on the customer, Caterpillar has been focused for years on developing engines and generator sets that reduce the emissions levels produced during operation to meet global regulation levels.  However, the work done at the Kiel Engine Center in Kiel, Germany, during the manufacturing process for MaK and Cat® engines up to 16,000 kW is now being recognized through an impressive environmental protection award.

In June, Caterpillar Motoren, the manufacturing arm focused on the production of MaK and Cat engines for marine, petroleum and power generation applications, was awarded an Environmental Award from the Economic Association of Schleswig-Holstein, the northernmost state in Germany.  At a celebration including the governor of Schleswig-Holstein, Caterpillar was recognized for the enormous efforts on reducing energy consumption, resource reduction and elimination of green house emissions through the manufacturing process.

“This award truly underscores our commitment to sustainable development at the Kiel Engine Center specifically, and also at Caterpillar more generally, ” explained Richard Case, Vice President of the Marine and Petroleum Power Division, headquartered in Hamburg, Germany.  “We have individual teams throughout our division working hard to help our customers be more sustainable in their operations and meet global regulatory requirements, and also to increase the sustainability in our own factory and office environments.  We are very honored to receive this award which helps show the great progress we have made working towards our sustainability goals.”

Specific actions noted by the nomination team for the award include changes to many of the buildings at the Kiel Engine Center, such as the installation of new cooling towers and replacement of lighting systems, both of which resulted in significant energy savings.  For example, because all engines manufactured in Kiel are fully tested before shipping to the customer, the cooling system on the testbed is a vital process which requires a great deal of energy.  A project was completed to automate the cooling process so that the previous manual control was replaced to individually cool the engine as necessary during different load ranges during the testing, thus aligning the cooling with actual demand.  This work has already amounted to an annual CO2 reduction by 525 tons or 58 percent less energy consumption of the cooling system.



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ADIPEC Partners with Abu Dhabi Tawteen Council to Foster Emiratisation in Energy Sector

Wednesday, July 14th, 2010

ADIPEC 2010 (Abu Dhabi International Petroleum Exhibition and Conference) has signed a MoU with Abu Dhabi Tawteen Council (ADTC) as an important partnership to encourage greater Emiratisation and talent attraction in the energy sector.

The partnership will see the creation of the first ADIPEC Graduate Fair, where UAE graduates will have access to a two-day networking event, running simultaneously to ADIPEC at the Abu Dhabi National Exhibition Centre (ADNEC).   The fair will allow students to have direct access to key HR managers from leading national and international oil and gas companies, to provide employment opportunities and insights into energy careers. The ADIPEC Graduate Fair will also include a series of presentations from industry leaders, as well as discussions on the challenges and rewards facing students within the sector to help attract top talent and greater awareness of the scope of career prospects and growth.

Hifazat Ahmad, event director of ADIPEC, said: “There are an increasing number of talented oil and gas graduates here in the region, and we wanted to create a forum where this great commodity of future industry leaders can have access to information and resources to help them make positive career choices and progress within the industry.  ADIPEC is delighted to be working with Abu Dhabi Tawteen Council and in close cooperation with the wider oil and gas community in order to identify where the talent gaps and opportunities are that can be filled by National graduates.”

The MoU was signed by Mr. Mubarak Al Ameri, director of marketing and communication at Abu Dhabi Tawteen Council and will aim at building solid partnership with ADIPEC as a result of ADTC mission to support and develop active Emiratisation engagement programs in one of the most significant economic activities ADTC is targeting in the Emirate of Abu Dhabi. Both parties will be working on providing an ideal opportunity to bring National talented graduates together with the professional oil and gas community to explore the employment opportunities and to further spot the light on the required skills in this industry in line with overall National vision to transform Abu Dhabi into a knowledge-intensive economy.

The Graduate Fair will run from 2-3 November in the Captial Suites of ADNEC.  Students will be required to present their valid student card to be permitted entry.  For further information, please visit www.adipec.com.



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HONEYWELL ENHANCES HC900 CONTROL SYSTEM FOR FASTER INSTALLATION AND REDUCED OPERATOR ERROR

Tuesday, July 13th, 2010

Latest Version of Standalone Process Control Solution Helps Plants Operate More Efficiently

PHOENIX, July 13, 2010 – Honeywell (NYSE:HON) today announced new features for its 900 Control Station touch screen operator interface, part of the HC900 Control System, used in industrial facilities to control standalone processes and SCADA applications. The 900 Control Station includes new features that allow engineers to more quickly configure the system and operators  to monitor their processes more efficiently and reduce data entry error.

“Many plants today need smaller and contained control systems for standalone or SCADA applications where a distributed control system would be overkill for these applications,” said Henri Tausch, Vice President and General Manager. “Additionally, more of our customers need to handle batch applications that don’t require complex recipe or procedure management. The enhancements we’ve made to the HC900 Control System will make it easier for those plants to deploy the solution they need for these challenges in a more-efficient manner.”

The HC900 Control System includes hybrid control solutions used in processes such as thermal control in boilers, furnaces, kilns and dryers. It is also ideal for small-unit processing in pharmaceutical, chemical, bio-fuel and pilot-plant applications. Its newly enhanced features include thermal batch management and reporting, expanded remote access, improved alarm monitoring and security for standalone and small process control applications.

Process alarming from the HC900 controller, for instance, is now integrated into the operator interface, which means plants save installation time by not having to set up separate display alarming. Additionally, the system features automated barcode data entry, which allows operators to quickly enter required batch identification data and reduces chances for human error. Operators can also access data from the interface via cell phone to remotely monitor the system.

The HC900 Control System is also available through Honeywell’s network of distributors and system integrators. For more information regarding the 900 Control Station and other Honeywell field solutions that improve overall plant safety, reliability and efficiency, please visit http://www.honeywell.com/ps/hfs.



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Interview with Amir Feizulin, TNK-BP Vice President for Marketing

Friday, July 9th, 2010

Recently, TNK-BP and its subsidiary Magistral—Card announced the launch of the program entitled “Unified TNK Fuel Card.” The TNK fuel card will become a single means of payment at all retail sites working under the TNK brand in Russia. The program is targeted at corporate car fleets, the owners of which are interested in using retail stations with unified standards of services and an extensive list of additional services (assistance on roads, car wash, tire filling, cafes, parking lots, and hotels on federal highways). Amir Feizulin, Vice President for Marketing in TNK-BP, spoke to RBK-Daily about other marketing initiatives of the company and trends in the retail fuel market.

— What is your strategy for the development of the retail business in Russia?

— The main priorities for the next two years are the two main cities – Moscow and Saint Petersburg, as well as the Moscow Region, including all key highways – Novorizhskoye, Minskoye, Leningradskoye, and Simferopolskoye. We are planning construction of 15 retail sites in Tver, investing more than 1.5 billion rubles in this region. In Saint Petersburg, our network in the next couple of years will comprise approximately 40 TNK and about 30 BP retail stations. We will also expand in the Leningrad and Rostov regions, Krasnodar Krai in south Russia, and other regions. In the next five years, we are going to build up our business in Tatarstan and Bashkortostan. In 2015, we will expand our network in Russia to 180 BP service stations and 930 TNK retail stations, including jobber stations.

— Will your pricing policy change?

— Since we work in the market environment, prices are regulated by the demand and supply interaction. We think that fair prices for fuel can only be formed via open trade on commodity exchange. It allows for transparent pricing – sellers and buyers meet on the trading floor and close a deal only if all deal parameters are good for both parties. TNK-BP currently sells approximately 20% of its fuel on commodity exchange. Our goal is to gradually move all sales of our oil products to exchange trading floors as the exchange trading mechanisms develop. Apart from that, exchange trade will help companies reduce their logistical expenses. Our marketing subsidiaries can independently go to exchange floors, buy fuels (and not necessarily from TNK-BP) and choose quality products from refineries closer to them than our own.

Why Gasoline Needs a Brand

— Why TNK-BP started to brand its gasoline? What does branded fuel means? It its composition different?

— Most importantly, a branded fuel is a fuel with improved characteristics. We research and identify the needs of our customers and form our offer accordingly. Each branded fuel contains a unique set of multifunctional additives. For example, the additives in PULSAR gasoline sold at TNK retail stations clean the engine and keep it clean, prolonging the engine’s run life. The set of additives for BP Ultimate builds up the engine power and increases the mileage per fueling. We are very careful about the selection of additives and conduct tests and analysis of fuels with different sets of additives, using the best laboratories in Germany and USA. We were the first company in Russia to start selling branded fuels. Statistics show that this approach pays off: about 35–40% of customers buying gasoline with octane grades 95 and 98 choose PULSAR or BP Ultimate. Our goal is to become the leader on the retail market by offering a new generation of environmentally friendly high-tech motor fuels developed using innovations and latest technology.

— Why do you offer different branded fuels at TNK and BP retail sites?

— We conduct market research and have a good understanding of our customers. TNK and BP have different customers with different requirements, and PULSAR and Ultimate are different products with different properties. BP customers require high-quality services, increased engine power, and longer mileage per tank. TNK customers are professional drivers who spend a lot of time on the road, using their vehicles to make their living. What they need is longer service life for their engines at a reasonable price. In the regions the TNK brand targets the premium consumer segment. For this reason, the multi-brand strategy helps us offer unique products to different customers according to their needs and requirements. We will continue to improve our multi-brand approach, introducing new services and raising their quality.

— Do you intend to introduce branded diesel fuel?

— We are now launching the Diesel Ultimate project. We plan to launch this fuel at BP stations by the end of this year.

Fuel for Races

— Why do you need the TNK Racing Team?

— I think there is a direct and vibrant link between races and fuels. We can test our innovations, new fuels, lubricants and additives in races in extreme conditions and see how they affect speed, power consumption, and engine run life. For example, recently the TNK Racing Team won two gold medals at the first stage of the Russian Touring  Car Championship (RTTC) held in Kursk.

In addition to this, supporting our racing team is important because many of our customers are keen on motor sports and interested in the development of the automobile industry and new products on the market. In future, TNK-BP might start producing a special sports fuel for car races.

— Toyota was very apprehensive on supplying diesel cars to Russia. They said that they studied the quality of diesel fuel in the country and did not find it satisfactory.

— Historically, gasoline is more popular in Russia. However, the trend seems to be changing now. Consumer surveys show there is interest in diesel fuel and the demand will be rising. This is why TNK-BP is currently making considerable investments into refining to ensure high quality of diesel fuel. Diesel Ultimate will exceed the Euro-4 requirements and will meet some of Euro-5 requirements.

— In late 2009, Boris Gryzlov, Chairman of the State Duma, criticized the state of oil refining in the country and said that he is not sure where gasoline with octane number 98 came from to the gas stations. Can you comment on this?

A. In TNK-BP, production of gasoline with octane number 98 is a highly technological refining process. Of course, we support continued improvement of product because all off-spec and low-quality fuels are harmful for engines and the environment.

— How would you comment on the transition from Euro-3 to Euro-4? There has been no real switch to Euro-3 and the authorities in Moscow currently want to switch directly to Euro-4.

— We understand the reason behind the intention of the Moscow authorities to speed up the transition to the Euro-4 and support the strive to offer environmentally friendly fuels to customers. Output of Diesel Ultimate will be a confirmation of this support. Generally, gasoline with octane grade 95 and 98 sold at out retail stations in Moscow and the Moscow Region already comply with Euro-4 requirements. These octane grades account for about 60% of our sales in this region. We have adopted a program to improve the quality of fuel until 2015 with a total cost of $1.4 billion. This program will help our refineries meet the deadlines and requirements of the new technical regulation. Our key priority is to meet all environmental requirements. At the same time, there are still many vehicles in Russia running on octane grade 80, and unfortunately their owners cannot afford buying new cars. This should also be taken into consideration. We believe a balanced approach should be adopted, with a gradual transition to Euro-4 and Euro-5.

Source: RBK-Daily



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TNK-Nyagan Holds Comprehensive Oil Spill Response Training

Friday, July 9th, 2010

For the first time a comprehensive emergency training to contain and clean up an oil spill was held by TNK-Nyagan on July 7. The training was held at Krasnoleninsky central tank farm of the Talinskoye field.

In the course of the exercise field management, executive bodies and response teams trained their skills and interaction; the capability of field management to set tasks was assessed; emergency response, life-saving and hazard management resources were estimated.

According to the emergency training scenario, a leak occurred at one of the oil reservoirs. A part of the tank farm was destroyed as a result of hydrodynamic shock and the oil partially spilled over the area thus creating immediate fire hazard. Thanks to the timely oil spill detection, rapidly brought in necessary resources, and concerted actions of rescue teams and TNK-Nyagan employees the emergency was contained in compliance with comprehensive training regulations.

The training results were assessed by representatives of Russian EMERCOM federal and regional divisions. TNK-Nyagan and involved rescue teams actions received positive evaluation.



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