Max Petroleum starts Exploration Drilling at Zhalgyz South A
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A, which has estimated unrisked mean resource potential of 18 million barrels of oil in a …
Max Petroleum Commences Drilling at ZMA E2 in the Zhana Makat Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced today that it has begun drilling the ZMA-E2 appraisal well in the Zhana Makat Field. The total depth of the well will be approximately 900 metres targeting Jurassic reservoirs. Source www.maxpetroleum.com
National Oilwell Varco Announces Management Changes
National Oilwell Varco, Inc. announced today that Robert Workman, the Company’s President – Distribution Services, has been named President – Distribution & Transmission of National Oilwell Varco and have Distribution Services business group and Transmission business group report to him. Mr. Workman started with the Company in 1991, and has …
Dragon Oil Farm in Agreement with Cooper Energy Ltd
Dragon Oil plc, an international oil and gas exploration, development and production company, announces that it has signed a farm-in agreement with a wholly owned subsidiary of Cooper Energy Limited through which Dragon Oil is to earn a 55 percent participating interest in and, in any development phase, assume operatorship …
Alliance Oil’s Operational update for the third quarter and nine months of 2011
Alliance Oil Company’s total oil production for the third quarter of 2011 amounted to 4.2 mbbl compared to 3.8 mbbl in the second quarter of 2011. Preliminary refining volumes at the Khabarovsk refinery amounted to 7.1 mbbl in the third quarter of 2011 compared to 6.9 mbbl in the second …
OGX Selects Landmark Technology for Production Solution
Landmark Software and Services, a Halliburton business line, announced today that leading Brazilian exploration and production company, OGX Oil and Gas, has chosen to optimize its production report system through the application of Landmark’s DecisionSpace® for Production technology. The DecisionSpace for Production software is groundbreaking technology that allows multi-user teams …
International Petroleum appoint Merriman for OTCQX listing
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that it has appointed Merriman Capital, Inc. (“Merriman”) to act as its Principal American Liaison (“PAL”) for the Company’s securities to trade on the OTCQX International marketplace in the United States …
Max Petroleum’s Supreme Court of Kazakhstan Tax Case Ruling
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, has received written notice from the Supervisory Panel of the Supreme Court of the Republic of Kazakhstan (the “Notice”) rejecting the Company’s final legal appeal to review the tax claim previously brought against the Company (the …
Max Petroleum – Successful Jurassic Development Well Drilled in the Zhana Makat Field
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-A23 development well in the Zhana Makat Field has reached a total depth of 890 metres, with electric logs indicating 10 metres of net oil pay in Jurassic sandstone …
Polarcus completes USD 410 million bank loan facility
Reference is made to the announcement on 21 July 2011 regarding the USD 410 million bank loan facility. Polarcus Limited is pleased to announce that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, …