KazMunaiGaz Exploration Production reports the loss in daily oil production caused by the labour action at Uzenmunaigas
KazMunaiGaz Exploration Production reports the loss in daily oil production caused by the labour action at Uzenmunaigas (UMG) production facility in the city of Zhanaozen (Mangistau region). Some of the UMG workers, especially from the transportation unit did not come to work which disrupted normal well servicing and well workover …
PetroKamchatka Plc announces lifting of trading halt
PetroKamchatka Plc, an international junior oil exploration company incorporated in the Bailiwick of Jersey, is pleased to announce that trading of its common shares is to resume on May 27, 2011. Trading was halted on May 18, 2011 at the request of the TSX Venture Exchange (the “TSX-V”) to allow …
Tethys Petroleum TAJIK EXPLORATION WELL FINDS OIL
Tethys Petroleum Limited today issued a holding statement with regard to oil being encountered in its Tajik exploration well East Olimtoi EOL09 in order to ensure all pertinent information is available to the market and the Company’s stakeholders. While drilling at a depth of 3,342 metres in sandstones of the Alai formation (a …
Alliance Oil Company announces proposed rouble bond offering
OJSC “Alliance” Oil Company, a subsidiary of Alliance Oil Company Ltd has announced a MRUB 5,000 bond offering. The proposed bond offering will be subject to market conditions. The Company targets an interest rate of 9.5-10.0 per cent per annum for a 10-year tenor with a 5-year put option. The Company has mandated Raiffeisen Bank …
The ROGTEC Interview: Alex Mckay, Welltec
What is your position within Welltec and how long have you held it? My position for the past 4 years has been Area Vice President Europe, Russian Federation and CIS. Due to the pace of growth of our business however we have recently reorganized so I can focus solely on …
Caspian’s Future to Outshine its Past
The history of the oil industry in the Caspian Sea is one of the oldest tales known in the Exploration & Production business. Few are those who are not aware of the role that the Caspian holds as the original oil producing centre of the world, with 3,000 producing wells …
OPENING NEW HORIZONS FOR RUSSIAN BUSINESSES
As any large oil project, Salym field development requires the involvement of a huge number of contractors, including construction companies, design institutes, manufacturers of equipment and materials, transportation companies and others. More than 400 contractor companies now operate in the Salym fields. Working in Salym allows the Russian companies to …
Solids Control: Maximizing Efficiency and Reducing Cost
Introduction Well construction technology that is currently used not only causes surface disruptions, but also affects physical and chemical conditions at depth during the penetration of reservoir beds while drilling. Substances contaminating the environment during well drilling include various chemical reagents used for the preparation of drilling fluids, and cleaning …
Results of New Drilling Technologies Applied at the Verkhnechonskoye Field
The field development plan for the Verkhnechonskoye (VC) oil and gas condensate field provides for over 500 horizontal wells to be drilled between 2007-2021. To meet this schedule and the production targets of up to 10 million tons of oil per year, it was necessary to significantly improve the well …
Technology Roundtable: Drill Rigs, Top Drives & Solids Control
Drill Rigs: Questions answered by: Pat Sullivan: Global Product Line Director for Land Rigs for National Oilwell Varco Dirk Schulze: CEO of Bentec GmbH Drilling and Oilfield Systems Yuri Parnivoda: General Manager of Drillmec Russia, Moscow 1. What is the current state of play in the rig market in Russia? …