Gazprom Neft Successfully Completes the First Expedition Under its ‘Narwhal: Legend of the Arctic’ Project
Following a four-week scientific expedition to the Franz Joseph Land archipelago researchers have succeeded in obtaining unique data on narwhal habitats in the Russian Arctic, to be used as the basis for a comprehensive programme on research into this rare species running to 2022.* The “Narwhal: Legend of the Arctic” project was presented by Alexander Dyukov, CEO and Chairman of the Management Board, Gazprom …
Gazprom Neft Confirms the Commercial Outlook for its Chona Project
Gazprom Neft subsidiary Gazpromneft-GEO has drilled a second horizontal well at the Ignyalinskoye field in the Irkutsk Oblast. Commercial inflow is more than double the flow rate at the first well, constructed last year. The project to develop the Chonsky fields will move into pilot development in 2020. A second horizontal well has been drilled at the Ignyalinsky license …
OPEC Daily Basket Price: Friday, 21 June 2019, Stood at $65.29 a Barrel
Vienna, Austria, 24 June 2019–The price of OPEC basket of fourteen crudes stood at $65.29 a barrel on Friday, compared with $63.95 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 (Congo), …
PetroNeft: Final Results 2018
PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31 December 2018. Highlights C-4 well at Cheremshanskoye produced about 450 bopd on test Gross production at Licence 61 in 2018 was 713,603 barrels of oil …
OPEC Daily Basket Price: Thursday, 20 June 2019, Stood at $63.95 a Barrel
Vienna, Austria, 21 June 2019–The price of OPEC basket of fourteen crudes stood at $63.95 a barrel on Thursday, compared with $62.21 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 (Congo), …
Gazprom, Uzbekneftegaz to Invest $700 million in Gas Production in Uzbekistan
Natural Gas-Stream JV, established by Uzbekneftegaz and Gas Project Development Central Asia, is investing more than $700 million in gas production in northwest of Uzbekistan. The corresponding decree was signed by the Cabinet of Ministers on June 17. The project envisages geological exploration at Sechankul, Oqjar and Chimboy investment blocks, …
OPEC Daily Basket Price: Tuesday, 18 June 2019, Stood at $61.43 a Barrel
Vienna, Austria, 19 June 2019–The price of OPEC basket of fourteen crudes stood at $61.43 a barrel on Tuesday, compared with $61.60 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 (Congo), …
Rosneft Project in Solimões Basin Awarded with Priority Status
The government of the Brazilian state of Amazonas assigned the priority status to Rosneft’s project in the Solimões Basin. According to the letter of intent signed between Rosneft Brasil (a 100% subsidiary of Rosneft) and the government of the Brazilian state, regional authorities are to provide conditions for the implementation …
KCOI: The Making of EPC 4
Watch this time-lapse video from KCOI on the construction of EPC 4. Companies who also worked on this project are Montazhspetstroy LP, Rosetti Marino Group of Companies, Basis Engineering, Fores Engineering, Tecon SRL Click Here to watch the video
Caspian Sunrise: Deep Well A8 – Interval Extends Further than Previously Detected
The Board of Caspian Sunrise is pleased to provide the following operational update at its flagship BNG asset. Deep Wells Deep Well A8 On 7 June 2019, we announced the interval of interest extends 110 meters from a depth of 4,346 meters. Since that date we have drilled to a …