Max Petroleum: Zhanros Spins Bit at UTS-7
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-7 appraisal well in the Uytas Field on Block A using Zhanros ZJ-20 rig. The well will be drilled to a total vertical depth of 550 metres …
Cadogan Petroleum plc: Joint Venture with Oil and Gas Management Services Group
Cadogan Announces Joint Venture with Oil and Gas Management Services Group Cadogan is pleased to announce that it has today signed a non-binding Memorandum of Understanding (“MoU”) and a Secured Loan Agreement (the “Loan”) with Oil and Gas Management Services Limited. OAGSG, which operates the largest Oil Country Tubular Goods …
Gazprom Keeps “Optimizing” the Shtokman Field Development Project
The Gazprom Board of Directors took note of the information concerning the progress with the Shtokman gas and condensate field development project. It was emphasized that the design and survey operations for the offshore infrastructure and the marine port with LNG storage facilities were to be completed between late 2013 and early 2014. The devised documents …
TGS Commences 3D Multi-client Electromagnetic Survey in the Barents Sea
TGS in partnership with Electromagnetic Geoservices ASA (EMGS) have signed an agreement to jointly invest in a 3D electromagnetic (EM) multi-client survey covering 11 blocks, or approximately 3300 km2, in the Hoop area of the Barents Sea. The 3D EM data is being acquired by the M/V Atlantic Guardian. Data …
OJSC «Surgutneftegas» spent more than RUB 15.6 bn on exploration in 2012.
Implementation of a comprehensive program for geological survey of subsoil allowed the Company to double the replacement of C1 oil reserves (124 million tonnes) against the annual production level (61.4 million tonnes). In 2012, OJSC «Surgutneftegas» carried out exploration in 90 license areas (including 23 exploration areas) in 8 constituent …
Schlumberger Acquires Gushor Inc
Optimizing reservoir production strategies Schlumberger announced today that it has acquired Gushor Inc., a Canadian-based petroleum geochemistry and fluid analysis company that provides innovative production and exploration solutions in the heavy oil and oil sand (HOOS) industry. A University of Calgary spin-off, formed in 2006, Gushor specializes in the integration of geology, fluid properties, petroleum …
Tethys Petroleum: Tajik Bokhtar PSC Farm-out Deal to Total and CNPC Completed
Tethys Petroleum Limited announces the completion of the farm-out agreement announced in December 2012 with subsidiaries of Total Exploration and Production and China National Petroleum Corporation whereby each acquired a one third interest in its Bokhtar Production Sharing Contract in Tajikistan. The Bokhtar PSC covers an area of some 35,000 …
Max Petroleum: SAGW-4 Produces but UTS-8 is a Duster
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the SAGW – 4 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,558 metres, with electric logs and pressure data from the well indicating 20 …
Rosneft аnnounces the final results of Voluntary Partial Public Tender Offer concerning the Shares of Saras S.p.A.
The following offer pertains to 69,310,933 shares of common stock, equal to approximately 7.29% of the share capital of SARAS S.p.A. – Raffinerie Sarde For more details please refer to the offer document Source
Bashneft Opens Innovative Drilling Support Centre in Ufa
Today, Bashneft Group opened a state-of-the-art Drilling Support Centre (DSC) in Ufa designed and constructed by Schlumberger, the world’s leading supplier of a full range of modern technologies, project management services and IT solutions for the oil and gas industry. The DSC is designed to provide professional real-time drilling support maximizing operational and economic efficiency. Bashneft’s investment in the creation of the DSC totalled 165 …