KazMunaiGas Exploration & Production: Dauren Karabayev Elected to the Broard
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors meeting. During this meeting, Mr. Dauren Karabayev was elected as the Chairman of the Board, replacing Mr. Igor Goncharov, who has elected to leave JSC “National Company “KazMunaiGas” (“KMG NC”). Mr. Dauren Karabayev is an …
Gazpromneft-Noyabrskneftegaz: Brings the Otdelnoye Field Into Commecial Production
Gazprom Neft subsidiary Gazpromneft-Noyabrskneftegaz has brought its Otdelnoye field located in the northern part of the Surgut District of the Khanty-Mansiysk Autonomous Okrug-Yugra, 70 kilometres from Novosibirsk into commercial production. Two production wells are currently in operation at the field, with total production running at 170 tonnes per day. Extensive …
Caspian Sunrise: 2017 1H Results – Completion of Merger, Production at 3,400 bopd
Caspian Sunrise, formerly Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2017. Highlights In the period under review Corporate / Financial · Completion of the merger with Baverstock GmbH, following which we …
TatNIPIneft: Develope MGES-M Technology of for Water-Flooded Fields.
The TatNIPIneft engineering development is successfully applied for contour waterflood in case of porous and fractured terrigenous reservoirs having heterogeneous permeability in the section or in the formation structure. The technology improves the oil displacement efficiency resulting from the selective impact on the reservoir. The emulsion compositions developed by the …
Gazprom: Increases 2017 Investment Program by 217bn Rub
The Gazprom Management Committee approved the revised drafts of the investment program, budget (financial plan) and cost optimization (reduction) program for 2017. Pursuant to the revised draft of the investment program for 2017, the overall amount of the Company’s investments will stand at RUB 1,128.576 billion, which is RUB 217.341 …
SPD: Wins Yurga Black Gold Awards
On September 8 2017 the results of Yugra Black Gold Contest among oil and gas companies of Khanty-Mansi Autonomous Okrug – Yugra, coincided with Oilman Day celebration, were announced. Before the awarding ceremony SPD Chief Executive Officer Alexey Govzich attended the meeting of the government authorities and oil companies’ executives …
The Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
This press release is issued jointly by SOCAR and the co-venturers in the ACG PSA in Azerbaijan, including BP The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and …
Icebreaker Stepan Makarov Commences Operations for Sakhalin II
On August 6, 2017, the ice-breaking production platform supply vessel named after famous Russian naval officer Vice Admiral Stepan Makarov arrived on the shores of Sakhalin Island to commence operations. Built by Arctech Helsinki Shipyard in Finland, the vessel meets the most stringent Russian and international navigation safety requirements and can be used in the adverse conditions of the …
Petrosibir: Produces 1,278 bopd in August
Petrosibir’s total oil production in August 2017 amounted to 39,620 barrels, equivalent to 1,278 barrels per day. The table below summarizes the production broken down by region and month in 2017. 2017 Jan Feb Mar Apr May Jun Jul Aug Total production Bashkiria 13 280 12 030 13 290 12 …
Schlumberger: Service Company to Operator?
The world’s largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its customers’ oil and gas projects – investing in the same ventures it supplies with equipment and expertise. The new business model gives Schlumberger a say in drilling decisions, oilfield management and even on …