Construction Projects Implementation Department of Tatneft Summed up Results of Operation in 2014
The JSC TATNEFT’s Construction Projects Implementation Department (URPS) summed up the results of the production plans and workforce’s collective agreement implementation for 2014. The URPS supervised the projects related to the continued construction of the TANECO Complex, reconstruction of the “Nizhnekamsk CHP” and development of Ashalchinskoye extra-viscous oil deposits. The …
Tethys Petroleum: Extends Kyzyloi Gas Production Contract for 15 Years
Tethys Petroleum Limited today announced that its wholly-owned Kazakh subsidiary, TethysAralGaz LLP, has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Kyzyloi Gas Production Contract for another 15 years, from June 14, 2014 to December 31, 2029. The Ministry of Energy has granted …
Tethys Petroleum: Cost Reduction Program
Tethys Petroleum Limited is pleased to provided a further update to our shareholders. The Board and Executive Management believe that good progress has been made since the recent Board changes. Key achievements: Agreement to restructure Georgian project Substantial Corporate G&A and Kazakhstan cost reductions New US$6 million loan financing Extension of …
Exillon Energy: Produced an Average of 17,558 bbl/day in December
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 December 2014 (“the Period”). · Our average daily production[1] was 17,558 bbl/day during the …
Rosneft Launched Pilot Operations at the Severo-Danilovskoe Oil and Gas Condensate Field
Rosneft launched pilot operation at the Severo-Danilovskoe field located within the Danilovsky license area in the north of Irkutsk Region. The field is operated by public joint-stock company Verkhnechonskneftegaz, part of the Rosneft Group. The pilot operation phase will last three years during which three wells will be flow-tested. At …
Bashneft: 2014 Review – Production up 10.8%
Bashneft has released its preliminary operating results for the fourth quarter and the 12 months of 2014. In 2014: – Oil production increased by 10.8% to 17,808 thousand tonnes – Production in Bashkiria added 3.9% – New assets in Timan-Pechora and Western Siberia accounted for 8.4% of production – By …
RN-Nyaganneftegaz: 35 Years of Commercial Operations at the Krasnoleninsk Field
RN-Nyaganneftegaz, subsidiary of Rosneft, celebrates 35 years of commercial operation of the Krasnoleninsk field. During this period over 180 million tons of oil were produced, more than 120 million of them were produced on Talinskiy block of the Krasnoleninsk field. According to its features the produced oil refers to Urals …
KMG EP: Christopher Hopkinson Elected Chairman of the Board
On 20 January 2015, the JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) Board of Directors held a meeting and elected Christopher Hopkinson, the First Deputy Chair of the Management Board of National Company KazMunaiGas (“NC KMG”), as the Chairman of the Board of Directors of KMG EP and …
Roxi Petroleum: Takes $2m From Equity Facility
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news it has called down a further $2.0 million from the $40 million equity facility announced in January 2013 with Mr. Satylganov, a Director of the Company. This brings the …
Dragon Oil: 2014 Review – Production Up 6.8%
Dragon Oil plc, an international oil and gas exploration, development and production company, today issues the following trading statement, which includes an operational update, financial highlights for 2014 and results of the latest reserves assessment for the Cheleken Contract Area, Turkmenistan. All information referred to in this update is unaudited …