Polarcus achieves significant transit savings via the Northern Sea Route
Polarcus Limited is pleased to announce that the Company’s ultra-modern 12-streamer 3D seismic vessel, POLARCUS ALIMA, has achieved a significant first in the seismic industry, having successfully transited to Asia-Pacific via the Northern Sea Route (NSR). Her passage commenced on 15 September from Hammerfest in Norway after completion of seismic …
Max Petroleum Receives its Production Test Results for ASK-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun testing the ASK-1 exploration well in the Asanketken Field, successfully producing 35 degree API oil at a stable rate of 672 barrels of oil per day (“bopd”) from …
Shtokman Development AG has taken part in the International Conference “Arctic Shelf Development: Step by Step”
On September 29, 2011 in Murmansk the IV International Conference “Arctic Shelf Development: Step by Step” has been held. This Conference is organized by the Association of the Oil and Gas Suppliers “Murmanshelf” and Russian Gas Society under the auspices of the Government of the Murmansk Region and Murmansk Regional …
Tethys Petroleum Limited: Doris AKD06 Well Initial Results
Tethys Petroleum Limited today gave an update on the initial results of the AKD06 Doris appraisal well in Kazakhstan. Drilling data and wireline logs indicate oil in both the Cretaceous sandstone and Jurassic limestone reservoirs. The Cretaceous sandstone has been encountered above prognosis and at a higher elevation than in …
Max Petroleum Starts Drilling at Zhana Makat
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ZMA-A23 development well at the Zhana Makat Field in Block E. The total depth of the well will be approximately 900 metres targeting Jurassic reservoirs.
Petroneft Resources Discovers New Oil Field in North Varyakhskaya
PetroNeft Resources plc, the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce the discovery of another new oil field in Licence 61 at North Varyakhskaya. Highlights: • Seventh oil field discovered in Licence 61 • North Varyakhskaya No. 1 well makes oil …
Schlumberger Releases Petrel Play-to-Prospect Risk Assessment
New Petrel Capabilities Delivered to Help De-risk Exploration Prospects Schlumberger today announced the release of the Play-to-Prospect Risk plug-in for the Petrel* E&P software platform. This technology offers an integrated petroleum-system-based assessment to consistently evaluate key risk elements from play to prospect. “Statistics show that, on average, two of three …
Shtokman Development AG and Sovcomflot Signed Cooperation Agreement
Shtokman Development AG and Sovcomflot signed Cooperation Agreement on September 20, 2011 in Saint-Petersburg at the 10th Annual Conference of Sovcomflot Business Partners. The document was signed by Alexei Zagorovskiy, Chief Executive Officer and Sergey Frank, Chairman of the Board of Sovcomflot. The Agreement stipulates mutual consultations and exchange of …
“Shtokman Development AG” confirms the shareholders’ intention to make final investment decision (FID)
Head of “Shtokman Development AG” Structural Analysis and Regulatory Documents Development Department Timur Sabirzanov addressed a plenary session of the RAO / CIS Offshore conference in St. Petersburg. He noted that the Project cost assessment will be presented to the shareholders in October 2011. In December shareholders plan to adopt …
Polarcus Selma officially named by Russian Prime Minister Vladimir Putin
Polarcus Limited is pleased to announce that the Prime Minister of the Russian Federation, Vladimir Putin, has assumed the role of Guardian to the seismic vessel Vyacheslav Tikhonov, formerly POLARCUS SELMA, during a naming ceremony held today in the Russian Black Sea city of Sochi. The ultra-modern seismic vessel Vyacheslav …