Eurasia Journal News

Moscow, 16 January 2018. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months 2017. In 2017, NOVATEK’s hydrocarbons production totaled 513.3 million barrels of oil equivalent (boe), including 63.39 billion cubic meters (bcm) of natural gas and 11,772 thousand tons of liquids (gas condensate and …

Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output. The Caspian Sea nation’s output has been rising over the past year as the giant Kashagan field ramps up production. That’s in spite of Kazakhstan’s pledge to pump 20,000 …

Gazprom Neft subsidiary Gazpromneft-Yamal has completed construction of Russia’s first ever multilateral well with four horizontal cased-hole side tracks, at its Novoportovskoye field. A total 6,756 metres was drilled, including 4,411 metres drilled in the target strata. The well was constructed in 39 days at a rate of 5.78 days per 1,000 metres. Drilling horizontally branched wells facilitates a manifold increase in production from disjointed low-permeability strata, …

“PJSC “RussNeft” is forecasted to have extracted more than 7 million tonnes of crude oil and around 2.5 billion cubic metres of gas in 2017, which is fully consistent with Company`s obligations under OPEC+ agreement and the previous year level”, says the press release of the company. According to the …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Pumpyansky, Chairman of the Board of Directors of TMK, took place in St. Petersburg today.  The meeting addressed the current issues of and prospects for cooperation, including the development and manufacturing of new types of products by TMK in line with the requirements of Gazprom. Source

eDrilling announced today that it has signed a contract with Gazpromneft’s Drilling Support Center (DSC) GeoNavigator, a subdivision of Gazpromneft Science and Technology Center, for the use of eDrilling’s software to support oil company’s drilling operations. “Our objective is to increase production and to improve production efficiency through the use …

Within the enhanced oil recovery pilot project based on injection of the three-component mixture of alkali, surfactant, and polymer (ASP) Salym Petroleum Development (SPD) has produced 3,000 t of oil. This was the production target set by SPD at the start of project execution. Oil recovery factor of the pilot …

The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunayGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons. The block is estimated to have significant potential for …

SPD tested application of pitless drilling model at the Salym group of oil fields. Technology like this makes it possible to reduce adverse environmental effect and optimize well pad construction costs through reducing their area and drilling waste volume. According to the pilot project results at Upper Salym, transition to …

Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves exceeding 880 bcm of gas. The project envisages the development of the traditional gas reserves of the Cenomanian deposit, pilot production and …