LUKOIL: Announces Reserves Assessment Results
PJSC “LUKOIL” (hereinafter – the Company) announces the results of the reserves assessment and independent audit as of December 31, 2020. According to the SEC classification, the Company’s proved hydrocarbon reserves totaled 15.4 billion barrels of oil equivalent, 76% of which stood for liquids. The proved reserves replacement ratio, excluding …
OPEC daily basket price stood at $62.60 a barrel Monday, 15 February 2021
Vienna, Austria, 16 February 2021–The price of OPEC basket of thirteen crudes stood at $62.60 a barrel on Monday, compared with $60.77 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), …
Gazprom Nedra: Completes Construction of Russia’s First Unique Well System in Kuzbass
OOO Gazprom nedra has successfully completed construction of the first unique system in Russia, consisting of two wells – vertical and multilateral wells with a large bottomhole deviation from the vertical at the Naryksko-Ostashkinskoye coal methane field of Kuzbass. Geological exploration is carried out by the company for the needs …
Orenburgneft: Reserves Increased by 30 million tons in 2020
The reserves of JSC Orenburgneft (a production asset of Rosneft) increased by more than 30 million tons of hydrocarbons in 2020. The company discovered 9 new fields and 40 deposits within the existing fields with total recoverable industrial grade reserves of more than 11 million tonnes of oil equivalent. Among …
bp: Joins IBM’s Quantum Network
bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry. By joining the IBM Quantum Network™ as an Industry Partner, bp will have access to IBM’s quantum expertise and software and cloud-based access to the most advanced quantum computers available via …
Petrosibir: Production Report for January 2021
Petrosibir’s total oil production during January 2021 amounted to 32,375 barrels, equivalent to 1,044 barrels per day. The table below summarises the average monthly / daily production in 2021 and 2020, broken down by region. 2020 2021 Average Dec Jan Total production Bashkiria 9 777 9 592 9 446 Come …
OPEC daily basket price stood at $60.54 a barrel Thursday, 11 February 2021, compared with $60.45 the previous day
Vienna, Austria, 12 February 2021–The price of OPEC basket of thirteen crudes stood at $60.54 a barrel on Thursday, compared with $60.45 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …
Samaraneftegaz: Wins 4 Block Auction In Samara
The Samaraneftegaz company, which is part of the oil production block of NK Rosneft, obtained the right to use the subsoil for geological exploration, exploration and production of hydrocarbons at the Vostochno-Pervomaisky, Glebovsky, Zharinovsky and Teleginsky blocks following the auction. The acquisition of new subsoil plots and the replenishment of …
Gazprom Neft: Named the Most Transparent Russian Company in 2020
Gazprom Neft was recognized as the most transparent Russian company in 2020 for the high quality of corporate reporting. The company has become a laureate of the annual award “For active corporate policy in the field of information disclosure.” The award was established by the news agencies Interfax and AK&M, …
OPEC daily basket price stood at $60.45 a barrel Wednesday, 10 February 2021
Vienna, Austria, 11 February 2021–The price of OPEC basket of thirteen crudes stood at $60.45 a barrel on Wednesday, compared with $60.28 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …