Polarcus takes delivery of Polarcus Selma
Polarcus Limited (OAX: PLCS) is pleased to announce that Polarcus Selma Ltd, a member of the Polarcus Group, took delivery on 08 August 2011 of POLARCUS SELMA, the sixth 3D seismic vessel to date to join the Polarcus fleet. POLARCUS SELMA is the sister ship to POLARCUS SAMUR, delivered to …
Polarcus signs strategic agreement with Russian OAO Sovcomflot
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has signed a five year Bareboat Charter Party Agreement (BBCP) with OAO Sovcomflot (SCF) of Russia. Under the terms of the BBCP Sovcomflot will charter POLARCUS SELMA, inclusive of an 8 streamer seismic equipment package, from Polarcus at a …
Energistics RESQML Version 1.1 Candidate Release Available for Public Review
The RESQML Version 1.1 Candidate Release is now available for review and comment through Tuesday, August 30th, 2011. Version 1.1 is a bug fix release with additional information concerning properties. The candidate release and feedback mechanism, is available on the Energistics website. We are already working on version 2.0 so if comments cannot …
Dragon Oil Interim Results 2011
Dragon Oil plc (Ticker: DGO), an international oil and gas development and production company, today announces its interim financial and operational results for the period ended 30 June 2011. Operational performance Growth of 25% in the average gross production to approximately 58,000 bopd (1H 2010: 46,420 bopd) …
Tethys Petroleum Limited: Opening of Kazakhstan Oil Production Facilities
Tethys Petroleum Limited today announced the opening of its Doris oil production facilities in Kazakhstan. Oil is currently being trucked from this location at a rate of approximately 1,500 barrels of oil per day (“bopd”), which will increase to 2-2,500 bopd with the new production facilities. With the opening of …
Max Petroleum Successful Confirmation Well Drilled in Uytas Field
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-2 confirmation well in the Uytas Field has reached a total depth of 820 metres, with electric logs indicating 12 metres of net oil pay in the Cretaceous section …
Max Petroleum New Oil Discovery in East Kyzylzhar I
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the KZIE-1 exploration well in the East Kyzylzhar I prospect has reached a total depth of 1,620 metres, with electric logs indicating 17 metres of net oil pay in two …
International Petroleum Operational Update: Discovery of oilfield at the Krasnoleninskiy Project and MOU signed
International Petroleum Limited, an oil and gas exploration company with assets in Kazakhstan and Russia, is pleased to update the market on recent activities. Discovery of oilfield at Krasnoleninskiy Project The Company has discovered an oilfield at Well No. 2 at its Krasnoleninskiy Project in Western Siberia. The volume of oil …
Schlumberger Introduces New High-Temperature ESP System
Schlumberger announced today the release of its third-generation REDA* HotlineSA3* high-temperature electric submersible pump (ESP) system for steam-assisted recovery operations and geothermal applications. This latest release enables operators to further improve economics through increased recovery factors and early production while reducing downtime and intervention costs. “The REDA HotlineSA3 system can …
Integra secures a new credit line to refinance its short-term debt and finance the development of the Company’s business
Integra Group secured a new credit line in the West-Siberian Bank of Sberbank of Russia in the amount of RR 6 billion. The tenor of the line is 7 years, with repayment starting from the 5th year of the loan. The loan is secured by equity stakes in two operating …