KMG EP: Aksay Oil and Gas Field Put on Stream
KazMunaiGas Exploration Production JSC announces that JV Kazgermunai’s Aksay oil and gas field located in Kyzylorda region has been put on stream. At the commissioning ceremony, KMG EP Chief Executive Mr Abat Nurseitov said: “Aksay field commissioning will allow Kazgermunai to maintain oil production at current level. Also, additional volumes …
Joma Industrial Source Corp: Makes Mandatory Offer for C.A.T. oil AG at 15.2 Eur a Share
Today, JOMA INDUSTRIAL SOURCE CORP., which is a company indirectly owned by the French veteran oil manager Maurice Dijols, has published – after acquiring a controlling interest – its mandatory offer to the shareholders of C.A.T. oil AG headquartered in Vienna. The offer document was approved by by the German Federal Financial Supervisory Authority …
C.A.T. oil AG: To Carefully Consider Joma Industrial Offer
Management Board and Supervisory Board will publish their reasoned opinion on the offer in due course C.A.T. oil AG one of the leading providers of oil and gas field services in Russia and Kazakhstan, notes today’s publication of the offer document for the mandatory public takeover offer announced by Joma Industrial Source Corp. (“Joma Industrial”) …
Novatek: Urengoyskoye, Stage 1, Reaches Full Design Capacity
OAO NOVATEK announced today that the first stage of the Urengoyskoye field within the Samburgskiy license area developed by SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) reached its full design capacity of approximately seven (7) billion cubic meters (bcm) of natural gas and 2.5 million tons of …
Exillon Energy: Produces 17,808 bbl/day in November
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia , is pleased to announce unaudited production data for the month of November 2014 (“the Period”). · Our average daily production[1] was 17,808 bbl/day during the period. · Average …
Shelton Petroleum: November Production Dips, Pumps to Be Replaced in December
Shelton Petroleum’s total oil production in November 2014 amounted to 25,590 barrels, equivalent to 853 barrels per day. The table below summarizes the production broken down by oil field. Nov 2014 Nov 2013 Jan-Nov 2014 Jan-Nov 2013 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 10,110 11,020 114,731 115,085 126,565 …
Bashneft: Shares Back in State Hands
Today, JSOC Bashneft was notified by its registrar, OJSC Reestr, that the Company’s majority shareholder has changed. According to the notification, 122,971,934 ordinary shares and 6,192,245 preferred shares of JSOC Bashneft (71.62% of its authorized share capital) have been transferred from the accounts of OJSC JSFC Sistema and CJSC Sistema-Invest …
Sercel SeaPro Nav Performs Successfully on Multi-Vessel Surveys
Sercel is pleased to announce that its SeaPro Nav Integrated Navigation System has been successfully deployed on another major multi-vessel survey. SeaPro Nav is currently being deployed on a major wide-azimuth (WAZ) survey conducted by CGG in the Gulf of Mexico. The navigation system was previously used as the master …
KMG EP’s Board of Directors Approve the Budget for 2015
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting on December 8, 2014. At the meeting the Board approved the budget for 2015 which assumes a Brent oil price of US$70 per barrel. Planned production in 2015 is expected to be 5.4 million tonnes (109 kbopd) from JCS …
Gazprom Neft: Investors in Iraq’s Badra Field to Start Seeing Returns
In the 90 days up to late November 2014 around 15,000 barrels per day were released from the Badra oilfield into Iraq’s main pipeline system. This is in line with the basic terms of the field’s development contract. The Badra field is operated by Gazprom Neft. Once the field is …