Caspian Sunrise: Operational Update & Response to Shareholder Questions
The Board is pleased to update the market with news of progress at its flagship BNG Contract Area and of the acquisition of the Caspian Explorer. The Board is also pleased to announce that responses to shareholder questions received following the publication of the Group’s interim results will later today …
Petrosibir: Production Report for September 2020
Petrosibir’s total oil production during September 2020 amounted to 31,866 barrels, equivalent to 1,062 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. TOTAL PRODUCTION, BBL 2019 2020 Average Jan Feb Mar Apr May Jun Bashkiria 10 469 …
LUKOIL Proceeds with Filanovsky Field Phase Two Development
Deputy Prime Minister of the Russian Federation Yury Borisov and President of LUKOIL Vagit Alekperov launched phase two of the development drilling campaign of the Offshore Ice-Resistant Fixed Complex 2 (OIRFC 2) at Vladimir Filanovsky field in Astrakhan, Russia, today. The second phase aims to keep oil production at the …
Rosneft Holds Record-Breaking Scientific and Technical Online Conference
Rosneft held an online scientific and technical conference Digital Technologies in the Production and Processing of Hydrocarbons: From Models to Practice. The event brought together more than 500 representatives of industry enterprises, research organizations and universities from different cities of Russia, which is a record for the online format. Digitalization in …
LUKOIL and KazMunayGas Sign Agreement on Al-Farabi Project
President of LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas (KMG) Alik Aidarbayev signed an agreement on the Al-Farabi Project (formerly I-P-2 license block) in the Kazakh Sector of the Caspian Sea. The agreement defines rights and obligations of LUKOIL and KMG as future license …
Verkhnechonskneftegaz has Introduced Technology for the Rational Use of APG at the Severo-Danilovskoye Field
The Verkhnechonskneftegaz company, which is part of the oil and gas production complex of NK Rosneft, at the first stage of the development of the Severo-Danilovskoye field, introduced a technology for the rational use of associated petroleum gas (APG) for power generation. For this, a 4 MW mobile power center was …
Taas-Yuryakh Neftegazodobycha Produced the 15 millionth Ton of Oil
Taas-Yuryakh Neftegazodobycha, a subsidiary of Rosneft, has produced the 15 millionth ton of oil since the start of commercial production of the Srednebotuobinskoye oil and gas condensate field in 2013. Along the way with oil, the company produced almost 5.5 billion m3 of gas. Over 20 years of development, production at …
PetroNeft: Successful Testing of Mini Oil Refinery
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licence 61 and 67 is pleased to announce the successful testing of the mini oil refinery on Licence 61 ahead of schedule. Highlights Successful testing of mini refinery …
OPEC Daily Basket Price: Wednesday, 7 October 2020, Stood at $40.45 a Barrel
Vienna, Austria, 8 October 2020 – The price of OPEC basket of thirteen crudes stood at $40.45 a barrel on Wednesday, compared with $40.33 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), …
Russian President Vladimir Putin Congratulated Gazprom Neft on its 25th Anniversary
Russian President Vladimir Putin congratulated the Gazprom Neft team on the 25th anniversary of the company. In the telegram, the head of state noted: “Since then, Gazprom Neft has become one of the successful, competitive domestic oil and gas companies, has become one of the recognized leaders in the production, processing and sale of petroleum …