Gazpromneft Orenburg: Discovers the Novosamarskoye Field
Gazprom Neft subsidiary Gazpromneft Orenburg has discovered a new field — the Novosamarskoye — in the Sorochinsky district of the Orenburg Oblast. Initial oil-in-place reserves are estimated at more than eight million tonnes. This is the first discovery at the area under investigation, which company specialists believe contains a series …
Roxi Petroleum: MJF Structure Has Potential High Value, Deep Well A6 Needs Re-Perforation
Roxi, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news from its BNG Contract Area and MJF Structure. Background Roxi has a 58.41% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometers …
Lukoil: Three Hundred Thousand Tones Have Been Produced at the Pyakyakhinskoye Field
LUKOIL has produced 300 thousand tons of oil on the Gydan Peninsula in the Yamal-Nenets Autonomous District since commercial oil production commenced at the Pyakyakhinskoye oil and gas condensate field in October 2016. Average daily flow rate of 76 oil wells of the total 111 wells, drilled at the field …
Urals Energy: Arctic Oil Purchase Loan Repaid Plus New Credit Open
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that further to the Company’s announcement on 23 August 2016, the loan provided by Kamchatcomagroprombank (“KKAPB”) for the acquisition of Arctic Oil Company Limited has now been repaid in full. Following the repayment …
SOCAR and BP-operated AIOC Sign Principles of Agreement on Future Development of the ACG Oil Field in Azerbaijan to 2050
Agreement will lead to further significant investment Current production from ACG is circa 620,000 barrels of oil equivalent per day Will create significant jobs in the years ahead BP will lead the partnership SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating …
Urals Energy: Leonid Dyachenko Confirmed as CEO, Alexei Ogarev Steps Down From the Board
The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mr Alexei Ogarev yesterday notified the Board of Urals Energy (the “Board”) of his decision to resign from the Board with immediate effect. Mr Ogarev has informed the Board that his decision …
Zoltav: Appoints Lea Verny as Non-Executive Director
Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to announce the appointment, with immediate effect, of Lea Verny as a non-executive director of the Company. Ms Verny joins the board as an independent non-executive director and brings to the Company significant and high level corporate finance …
Gazprom and Wintershall: 25 Years of Scientific and Technical Cooperation
St. Petersburg hosted today the events celebrating 25 years of successful scientific and technical cooperation between Gazprom and Wintershall Holding. The parties looked back at the history of their partnership, noting the successes achieved in implementing joint scientific and technical programs for natural gas exploration, production and transportation, as well …
KMG EP: 2017 Budget Sees 15% CAPEX Spend Increase
SC KazMunaiGas Exploration Production (‘KMG EP’ or the ‘Company’) announces that its Board of Directors (‘the Board’) has approved the Company’s 2017 budget and 2017-2021 business plan. The budget for 2017 assumes a Brent price of US$45 per barrel and an exchange rate of 360 Tenge per US dollar. The …
Gazprom Board of Directors Approves Investment Program, Budget, and Cost Reduction Program for 2017
The Gazprom Board of Directors took note of the information about the Company’s preliminary operating results for 2016 and the projected Investment Program, budget (financial plan), and cost optimization (reduction) program for 2018–2019. The Gazprom Board of Directors also approved the Company’s Investment Program, budget (financial plan), and cost optimization (reduction) program for 2017. Pursuant to Gazprom’s …