Shelton Petroleum AB: Production report for July 2013
Shelton Petroleum’s total oil production in July 2013 amounted to 19,230 barrels, equivalent to 620 barrels per day. The table below summarizes the production broken down by oil field. July 2013 July 2012 Jan-July 2013 Jan-July 2012 Jan-Dec 2012 Lelyaki 10,680 10,900 71,605 69,300 119,950 Rustamovskoye …
Sparrows reports strong profit and turnover growth
Earnings at the Aberdeen head-quartered company before interest, tax, depreciation and amortisation (EBITDA) were £20.8 million with turnover reaching £188million. In comparison, profits in 2011 were £17.5million on a turnover of £172million. The UK accounts for 53% of total turnover with international sales making up the remaining 47%. Doug Sedge (pictured), …
Rosneft and Socar Sign Cooperation Agreement
Rosneft and State Oil Company of the Republic of Azerbaijan (SOCAR) executed the Cooperation Agreement. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and SOCAR President Rovnag Abdullayev in the presence of Vladimir Putin, President of the Russian Federation, and Ilham Aliyev, President …
Surgutneftegas Maintains a Stable Crude Output
Over the last seven months of the current year, Surgutneftegas produced over 35.661 million tonnes of crude oil. Crude output in the Republic of Sakha (Yakutia) grew within January-July of 2013 and reached 4.152 million tonnes, a 12% increase from the last year performance. For the year to date, the …
Halliburton and Gazprom Neft Enter Into Technology Cooperation Agreement
Halliburton has entered into an agreement of cooperation with Gazprom Neft for the introduction of new technologies to improve operational efficiency in Gazprom Neft fields. – Agreement calls for new technologies to improve operational efficiency in Gazprom Neft fields – Companies will collaborate on technological solutions for hard-to-recover reserves, unconventional …
System Environmental Control Has Been Established at Taneco
The environmental quality monitoring is carried out at JSC “TANECO” on a regular basis. The monitoring is performed by the experts of the industrial environmental monitoring laboratory. In accordance with the approved analytical control plans the experts of the industrial environmental monitoring laboratory run monthly about five thousand studies of …
Schlumberger Introduces Advanced Microseismic Data Processing for Improved Well Completion Design
Schlumberger announced today the introduction of a new moment tensor inversion service that provides enhanced analysis of the dynamics of hydraulic fracture propagation. This service will help customers improve their well completion designs through an increased understanding of natural- and induced-fracture characterization in oil and gas reservoirs. “When applied in …
Gazprom Neft to Study Shale Oil Reserves at the Krasnoleninskoye Field
Gazprom Neft has approved the continued study of oil reserves at the Bazheno-Abalaksky complex of the Palyanovskaya zone at the Krasnoleninskoye field (which is being developed by Gazpromneft-Khantos). The project’s new phase involves drilling four inclined wells to a depth of 2,700-2,800 meters over the next year. Drilling will start …
Alliance Oil Company: Operational update for July 2013
Alliance Oil Company’s preliminary average daily oil and gas production for July 2013 amounted to 67,405 barrels of oil equivalent (boepd)[i]. In July 2013 preliminary average refining volumes at the Khabarovsk refinery amounted to 95,408 barrels of oil per day (bpd). July preliminary operating results: Upstream Boepd —————— Oil 54,657 Gas 12,748 Production 67,405 Sales 64,410 …
Igor Sechin Takes Part in Saras Board of Directors
Igor Sechin took part in Saras S.p.A. Board of Directors meeting which discussed the company’s results for H1 2013. The BOD agenda also touched upon issues relating to changes at the international electric power industry and their influence on Saras’ interests. Source