Caspian Sunrise PLC: Operational and Financial Update or April 2020
The Directors are pleased to update the market with news of progress at its flagship BNG asset together with details of measures taken to underpin the Company’s finances. New Well 153 On 27 April 2020, we announced that New Well 153, the second of the infill wells drilled at the MJF …
Sakhalin Energy’s Molikpaq Platform: Produces 300 Mln Barrels of Oil
Sakhalin Energy’s Molikpaq platform has produced 300 mln barrels of oil since the start of production in 1999. It was the first platform installed on the Russian shelf under the Sakhalin-2 project, and even after 20 years of operation it still contributes substantially to the company’s hydrocarbon production output. According to Marat Rezyapov, Sakhalin …
Sakhalin Energy Production Assets: Working in Harsh Environment
Sakhalin is the Russia’s largest island with sever climatic conditions. The air temperature goes down to minus 40 degrees Celsius in winter in the north of the island, and the sea is covered with ice for virtually six months. Wave height at Piltun-Astokhskoye and Lunskoye fields, where Sakhalin Energy produces …
JSC NC KazMunayGas 1Q 2020 Trading Update
Joint-stock (JSC) National Company (NC) KazMunayGas (“KMG” or “Company”), Kazakhstan’s national vertically integrated oil and gas company, announces its operating results for the first quarter of 2020. Highlights for the first quarter of 2020: Oil and gas condensate production was stable year-on-year and amounted to 5,929 thous. tonnes; Oil and …
Central Office New Organizational Chart Approved by KMG Board of Directors
The Board of Directors of KazMunayGas (KMG) approved the new organizational chart during the meeting held on 29 April 2020. The resolution was approved as part of the action plan to balance the company’s financial standing and mitigate the adverse effect of market factors. The new KMG Central Office organizational …
Gazprom Neft Board of Directors Presented with the Results of the Company’s 2019 Investment Programme
The Gazprom Neft Board of Directors has reviewed the performance of the company’s investment programme, budget and borrowing programme in 2019. Gazprom Neft’s financial and operating results showed a positive trend in 2019. Hydrocarbon production volumes were up 3.5% y-o-y to 96.1 million tonnes of oil equivalent (mtoe). Refining volumes totalled 41.5 tonnes, with premium petroleum-product sales reaching 26.5 tonnes. …
Gazpromneft-Noyabrskneftegaz Opens New Promising Areas in the Yamal-Nenets Autonomous Okrug
Gazpromneft-Noyabrskneftegaz, in the framework of exploration work at the Vorgen license area * in the Yamal-Nenets Autonomous District, identified two new promising clusters whose initial geological resources are estimated at 80 million tons of oil equivalent. Until 2025, the company’s specialists will conduct 3D seismic exploration and prospecting and appraisal …
NOVATEK Announces Consolidated IFRS Results for the First Quarter 2020
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 1Q 2020 1Q 2019 Oil and gas sales …
NOVATEK Registered License for Bukharinskiy License Area
AO NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, registered license number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy subsoil license area on the Gydan Peninsula. The license area partially located in the shallow waters of the Ob and Taz bays in …
Exillon Energy: March Production Report
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechoraand West Siberia, is pleased to announce unaudited production data for the month of March 2020 (“the Period”). · Our average daily production[1] was 14,125 bbl/day during the period. · Average daily production for Exillon TP was …