2013

Kirill Strizhnev, Head of «Challenging Reserves» project office for Gazprom Neft’s Directorate of the exploration and resource base development Modern global estimates of unconventional hydrocarbon reserves all point to huge development potential. Currently, unconventional oil and gas production only account for about 1% of global output, however the development of …

This article looks at the work performed by Salym Petroleum Development N.V. for the pilot development of the Bazhenov Formation. The research program has helped to identify key geological features of the Bazhenov Formation of the Upper Salym field, which have helped define the ways of drilling, completion, field development …

During the six months of 2013, the Group’s revenue from sales increased by 6.2% year-on-year to 260,483 million roubles due to an increase in oil production and refining. During the period from January through June 2013, adjusted EBITDA declined by 1.6% and amounted to 44,141 million roubles. During the six months of 2013, the Group’s net income less minority interest totalled 25,154 million …

Max Petroleum Plc, an oil and gas exploration and production company focused on  Kazakhstan, is pleased to announce that it has finished drilling the BOR-4 development well  in the Borkyldakty Field, reaching total vertical depth of 1,609 metres. The well successfully  encountered approximately 31 metres of net oil pay across …

Diversified industrial manufacturer Eaton has announced it will be demonstrating a range of diverse solutions to enhancesafety, reliability and efficiency at the international upstream industry exhibition, SPE Offshore Europe from 3-6 September 2013in Aberdeen, Scotland. Visitors of Eaton´sstand 1E21will learn about the company´s broad portfolio of electrical and explosion-proof equipment …

Bashneft-Polus, a joint venture of OAO LUKOIL and OAO ANK Bashneft, began oil production as part of the development of R.Trebs and A.Titov fields in Nenets Autonomous District. Test production is underway and is expected to reach about 300,000 tons of oil by the end of 2013. “The Trebs and …

Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, today issues its interim results for the first six months to 30 June 2013. “During the first half of 2013 we delivered a dramatic increase in reserves (increasing …

Key Developments Aker Solutions’ earnings for the second quarter of 2013 were impacted by low capacity utilisation in the engineering business as new orders waned. The result was also pushed down by idle-time at the Aker Wayfarer and the Skandi Aker vessels as well as a minor loss in the …

The results of the implementing the target-oriented program of JSC TATNEFT for resource conservation in the first half of 2013 were summarized. The planned targets of the energy efficiency program have been implemented. The main objective of the energy and resource conservation program of the Company is the rational use …

“Gazprom Neft Shelf” LLC has published on its site the Summary Plan on prevention of spill incidents and oil spill response in the operating responsibility zone of Offshore Ice-Resistant Fixed Platform (OIRFP). The document reflects basic provisions of prompt response system and of interaction mechanism between the operator company, outside …