Messoyakhaneftegaz: East Messoyakha Produces First Millionth Ton
Messoyakhaneftegaz, a joint venture of Gazprom Neft and Rosneft, produced its millionth ton of oil at the East Messoyakha field. This rate was achieved in less than 5 months since the beginning of production at the most northern Russian oil and gas condensate field. The result was ensured by efficient …
Gazprom Neft Developing Oil-Production Technologies for Gas Cap Drive Reservoirs
As part of its ongoing “Technology Strategy”, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap.* Implementation of the projects within this programme will, in the long term, allow some 215 million tonnes of oil reserves to be brought into development. Total recoverable oil and gas condensate reserves at Gazprom Neft’s gas cap …
JSC Petrosakh: Secures 50m Rub Non-Revolving CAPEX Loan from Sberbank
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that its subsidiary undertaking, JSC Petrosakh (“Petrosakh”), has entered into a new 24 month non-revolving CAPEX credit facility (the “Loan”) with the Sakhalin branch of OJSC Sberbank of Russia (“Sberbank”). …
JSC KazMunaiGas Exploration Production Financial Results for the year ended 31 December 2016
JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2016. Revenue in 2016 was up 37% year on year and amounted to 727bn Tenge (US$2,128m1). This was largely the result of the switch to the processing scheme and 54% increase in the average …
Gazprom and CNPC Broadening Strategic Cooperation in Energy Sector
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Zhang Gaoli, Vice Premier of the State Council of the People’s Republic of China, took place today in Beijing. The parties addressed key areas of strategic cooperation, expressing appreciation for the past and prospective collaboration between Gazprom and Chinese energy companies and financial organizations. Particular …
NCOC: To Double Kashagan Production
Oil production on Kazakhstan’s Kashagan field will grow twofold to 370,000 barrels per day, the oilfield operator North Caspian Operating Company (NCOC) told TASS. “We expect to reach oil production of 180,000 barrels per day already in coming month. Production is planned to grow to 370,000 barrels daily by the …
East-Siberian Oil and Gas Company: Produces 1 Millionth Ton at Yurubcheno Tokhomskoye
The East-Siberian Oil and Gas Company, a subsidiary of “Rosneft”, produced the millionth ton of oil since the beginning of the development of the Yurubcheno Tokhomskoye field – one of the largest in the Krasnoyarsk Territory. At the end of 2016, the field began outstripping the supply of oil in …
Exillon Energy: January Production – 12,069 bbl/day
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of January 2017 (“the Period”). · Our average daily production[1] was 12,069 bbl/day during the …
Petrosibir: Well #9 – Lower Than Expected Flow Rates
Petrosibir has earlier reported the preliminary results from the drilling of the new well #9. The drilling was completed in October at a final depth of 2,596 meters and oil was found. Different horizons were tested and a high quality of the reservoir was confirmed, however with low flow rates …
KMG EP: 2009-2012 Tax Audit Bill Reduced by 25bn Tenge – Further Appeals Planned
KazMunaiGas Exploration Production is pleased to announce that in accordance with a positive review of the Company’s 2009– 2012 tax audit appeal by the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, the initial tax charge was reduced by 25bn Tenge to 13.5bn Tenge. The Company …