Oil & Gas Operators

Crude Oil Price Movements Both crude oil spot and futures prices fell for the second-consecutive month in December. Major physical crude benchmarks decreased about 9%, m-o-m, on growing concerns that the rapid spread of the Omicron COVID-19 variant may have an impact on the global economy and oil demand. The …

Samotlorneftegaz, which is part of Rosneft’s oil production unit, has drilled two horizontal wells using a unique bicentric bit design. Such a constructive solution made it possible to increase the average ROP to 53.5 m/h, which is 23.5 m/h higher than the planned figure. In addition to increasing the penetration rate, …

Vienna, Austria, 18 January 2022 – The price of OPEC basket of thirteen crudes stood at $86.54 a barrel on Monday, compared with $85.46 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

PAO NOVATEK today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2021. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 16,409 million barrels of oil equivalent (boe), including 2,261 billion …

Petrosibir’s total oil production during December 2021 amounted to 28,612 barrels, equivalent to 923 barrels per day. The table below summarises the average monthly / daily production in 2020 and per month in 2021, broken down by region. TOTAL PRODUCTION, BBL 2020 2021 Average Jan Feb Mar Apr May Jun …

Vienna, Austria, 14 January 2022 — The price of OPEC basket of thirteen crudes stood at $84.72 a barrel on Thursday, compared with $84.35 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Vienna, Austria, 17 January 2022 – The price of OPEC basket of thirteen crudes stood at $85.46 a barrel on Friday, compared with $84.72 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

PetroNeft an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, provides the following finance update.  Petrogrand Loan facility On 15th December 2021 that PetroNeft had met all contractual …

PAO NOVATEK reported today preliminary operating data for the twelve months ended 31 December 2021. In 2021, NOVATEK’s hydrocarbon production totaled 626.0 million barrels of oil equivalent (boe), including 79.89 billion cubic meters (bcm) of natural gas and 12.3 million tons of liquids (gas condensate and crude oil), resulting in …

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation; and 90% owner and operator of Licences 67 and 50% owner and operator of Licence 61 provides the following update. Highlights Reservoir Stimulation program on the Lineynoye and Arbuzovskoye fields (Licence 61) expanded from …