Gazpromneft-Vostok Produced the 30 Millionth Ton of Hydrocarbons
The cumulative production of Gazpromneft-Vostok has reached 30 million tons of liquid hydrocarbons. The production activity of the enterprise began in 2005 with the development of the southwestern part of the Krapivinskoye field in the Omsk region. Currently, Gazpromneft-Vostok is producing hydrocarbons at 6 licensed areas in the Tomsk and …
Surgutneftegas Increased Oil Production by 7.4 Percent in 2022
Surgutneftegas increased oil production by 7.4% last year to 59.6 million tons, the company said. “In the reporting year, oil production by Surgutneftegas PJSC amounted to 59.6 million tons, which is 7.4% higher than in 2021,” the company’s report says. It is noted that in 2022, Surgutneftegaz carried out more …
Gas Production in Azerbaijan to Increase by 7% in 2023-2026
The international rating agency S&P Global Ratings predicts a decline in oil production in Azerbaijan by about 7% in 2023-2026. “Although oil prices were favorable, Azerbaijan’s production continued to decline. Azerbaijan is one of the oldest oil producers in the world, having started commercial production in the 19th century. Existing …
Caspian Sunrise: Sale of 50% of Caspian Explorer & Operational Update
Introduction The Board of Caspian Sunrise is pleased to update the market with news of the conditional sale of 50% of the Caspian Explorer for $22.5 million together with a general operational update. Background The Caspian Explorer is a drilling vessel designed specifically for use in the shallow northern Caspian …
Petrosibir AB (publ) publishes a second balance sheet for liquidation purposes
The Board has, in accordance with 25 Chap. 16 § of the Swedish Companies Act prepared a second balance sheet for liquidation purposes which has been examined by the auditor of the company. The balance sheet reveals that the total equity of the company exceeds the registered share capital. In …
Irkutsk Oil Company Explores the Possibility of Building an LNG Plant in Ust-Kut
The Irkutsk Oil Company is exploring the possibility of building a plant for the production of liquefied natural gas (LNG) in Ust-Kut. This was reported to journalists by the head of the INC, Yakov Ginzburg. “Now we are considering the construction of an LNG plant in Ust-Kut, the estimated processing …
Head of Irkutsk Oil Company: Helium plant launched in pilot application mode
The Irkutsk Oil Company (INC) has launched a helium plant at the Yarakta oil and gas condensate field (Irkutsk region) in the trial mode. The head of the company, Yakov Ginzburg, told reporters about this. “Today, the plant is operating in the pilot application mode, gradually being brought to the …
Gazprom Neft Neural Network has Found New Oil Reserves in Khanty-Mansi Autonomous Okrug and the Tomsk Region
The Gazprom Neft neural network has found new hydrocarbon deposits in the Khanty-Mansi Autonomous Okrug and the Tomsk Region at the Vakhskoye field. According to preliminary estimates, their initial recoverable reserves are at least 100,000 tons of oil. Hydrocarbon inflow has already been obtained from the found reservoirs. The digital …
Kazakhstan is Ready to Legislate the Right of Exploration Companies for Further Production
Kazakhstan plans to legislate a rule to grant companies that conduct exploration work in the country the rights to further exploration and production, said Minister of Industry and Infrastructure Development Marat Karabaev. “One of the options being discussed is for a company that conducts geological exploration of the subsoil to …
U.S. Oil Production Rose by 200,000 Barrels in the Week to June 2
U.S. oil production for the week ended June 2 increased by 200,000 barrels per day to 12.4 million barrels per day, according to a weekly review by the Energy Information Administration of the country’s Energy Department. On average, over the past four weeks, US oil production amounted to 12.275 million …