Tatneft: 2017 Reserves Audit Results
Based on the audit by an independent oil and gas consulting firm Miller & Lents, Ltd. net recoverable oil and gas reserves of Tatneft in accordance with the standards of the Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE-PRMS) …
Gazprom and Saudi Aramco to Set Up Joint Coordinating Committee
Alexey Miller, Chairman of the Gazprom Management Committee, had working meetings today in Riyadh and Dhahran (Kingdom of Saudi Arabia) with Khalid Abdulaziz Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Amin Bin Hassan Nasser, President and CEO of Saudi Arabian Oil Company. The parties expressed their appreciation for the cooperation prospects …
TatNIPIneft: Develops New ESP Reduces Workover Costs
Professionals of TATNEFT’s TatNIPIneft have developed a pumping unit for lifting production of the wells without the use of tubing, therefore reducing the cost of crude oil production through the application of a new equipment package. The unit allows performing well repairs without the use of a lifting unit and …
Digitalisation Becoming a New Business Area for Gazprom Neft
Gazprom Neft has confirmed the digital transformation of its business as a priority area of focus, with the creation of a new “Digital Transformation Directorate”, to be headed by Andrei Belevtsev as Chief Digital Officer (CDO*). The key objective of the Digital Transformation Directorate will be to create a single and inclusive system covering the company’s full digital strategy, directed at game-changing improvements to the operational …
Eurotek-Yugra: Wins Karabashsky Exploration Zone
Gazprom Neft has been confirmed as the winner of Rosnedra subsoil licensing rounds for six blocks in the Karabashsky exploration zone, located in the Khanty-Mansi Autonomous Okrug. The company has a presence in this region through Evrotek-Yugra, its joint venture with Spain’s Repsol, which holds subsoil usage rights to two …
Novatek: Q1 Results 2018
PAO NOVATEK reported today preliminary operating data for the first quarter 2018. In the first quarter 2018, NOVATEK’s hydrocarbons production totaled 132.5million barrels of oil equivalent (boe), including 16.51 billion cubic meters (bcm) of natural gas and 2,936 thousand tons of liquids (gas condensate and crude oil), resulting in an …
Condor Petroleum: Kazakh Ministry of Energy Appeals Zharkamys Ruling to the Court of Appeal
Condor Petroleum Inc., a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan provides an update on the extension of the Zharkamys exploration contract (“Zharkamys Contract”). As disclosed on March 1, 2018, the Company received a favorable Kazakhstan Civil Court (“Civil Court”) ruling …
RDCR 2018 – Delegate List & Agenda
The RDCR 2018 has the more operator presentations (14!) and more delegates registered with a week to go (340) than in any previous year. As the organizing company, we strive to improve the forum every year and the increase in both operator content and delegate numbers is a credit to …
Hardbanding Solutions: Celebrates 10 Years of Working in Russia
2018 marks ten years since Hardbanding Solutions Europe made our first trip to Russia and Duraband NC was first used in the country. Since then, the use of hardbanding has grown at a phenomenal rate, as the percentage of directional drilling has increased and protection of the drill string has …
KPO: Edwin Blom Replaces Renato Maroli as General Director
Karachaganak Petroleum Operating B.V. (KPO) announced today two senior management appointments. Edwin Blom takes over from Renato Maroli as the new General Director, whilst Gennaro Zuccaro steps in as the new Operations Director and Deputy General Director having replaced Andrew Wiper. “I would like to welcome the new General Director …