Oil & Gas Operators

Today in Abu Dhabi (UAE), as part of the state visit of Vladimir Putin, the President of the Russian Federation, Accession to the Ghasha Concession Agreement with a 5% share was signed by Vagit Alekperov, President of PJSC LUKOIL, and His Excellency Dr. Sultan Ahmed Al Jaber, Group CEO of …

Vienna, Austria, 16 October 2019–The price of OPEC basket of fourteen crudes stood at $59.62 a barrel on Tuesday, compared with $59.95 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), Girassol (Angola), Djeno (Congo), …

Eni was included this year, for the first time, in the top 10 of the companies best reporting on their sustainability performance, an analysis published by the World Business Council for Sustainable Development (WBCSD) showed. Reporting matters is the WBCSD’s annual review of member companies’ sustainability and integrated reports, in partnership …

15 October 2019 – 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  September 2019 (“the Period”). ·     Our average daily production[1] was 11,992 bbl/day during the period. ·     Average …

Vienna, Austria, 15 October 2019–The price of OPEC basket of fourteen crudes stood at $59.95 a barrel on Monday, compared with $60.97 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), Girassol (Angola), Djeno (Congo), …

Gazprom Neft has completed the first cycle of its Technology Strategy, following the completion of a total 27 projects — the economic benefits of these being more than twice the initial investment. Long-term income from technology projects due for completion by 2025 is estimated at RUB130 billion,* with incremental production estimated at 110 million tonnes of oil equivalent (mtoe), and reserves growth …

The Bazhen Technology Centre (a subsidiary of Gazprom Neft) has undertaken the first 18-stage fracking operation in Russia, at the Bazhenov Formation. High-tech fracking, coupled with the extended length of the horizontal section, has doubled oil inflow from the well. Gazprom Neft has undertaken a fracking operation unique to the industry at the Bazhenov Formation, setting records in terms of the number …

Messoyakhaneftegaz has commissioned a horizontal well at the Vostochno-Messoyakhskoye field, facilitating the full-scale development of Achimovsky deposits. The well, which runs to a total length of 3,200 metres, delivered a natural oil-inflow with initial volumes of 435 tonnes per day — roughly eight times the average at Messoyakha. The results obtained confirm the correctness of project participants’ calculations regarding the promising outlook for …

Vienna, Austria, 14 October 2019–The price of OPEC basket of fourteen crudes stood at $60.95 a barrel on Friday, compared with $58.71 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), Girassol (Angola), Djeno (Congo), …

Petrosibir’s total oil production during September 2019 amounted to 37,144 barrels, equivalent to 1,238 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region.  TOTAL PRODUCTION, BBL 2018 2019   Average Jan Feb Mar Apr May Jun Bashkiria 12 …