Oil & Gas Operators

Vienna, Austria, 19 July 2019–The price of OPEC basket of fourteen crudes stood at $63.10 a barrel on Thursday, compared with $64.60 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 …

Vienna, Austria, 18 July 2019–The price of OPEC basket of fourteen crudes stood at $64.60 a barrel on Wednesday, compared with $66.13 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 …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is providing the following update on its operations on its Vostochny Makarovskoye (“VM”) field.  As previously announced, most recently on 20 May 2019 a sidetrack, on the VM#2 well, was completed on …

Vienna, Austria, 16 July 2019–The price of OPEC basket of fourteen crudes stood at $66.79 a barrel on Monday, compared with $67.36 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 …

Petrosibir’s total oil production during June 2019 amounted to 30,905 barrels, equivalent to 1,030 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region. 2018 2019 Average Jan Feb Mar Apr May Jun Total production Bashkiria 12 916 11 …

Messoyakhaneftegaz has successfully completed construction of a new high-tech horizontal well at the Vostochno-Messoyakhskoye field — the Drilling Difficulty Index (DDI) of this well being among the highest in the industry. The well is of “fishbone” construction,* with eight side-tracks. This technology means as many disparate areas as possible of the main productive strata at this Arctic field can be brought into production, increasing …

Total cumulative exports of ARCO and Novy Port oil, produced by Gazprom Neft at its Prirazlomonoye and Novoportovskoye fields, have now reached 30 million tonnes. The landmark consignment, shipped in mid-June from the road-to-sea transhipment complex at the Port of Murmansk, was delivered to customers in north—west Europe. The company’s total cumulative volume of Arctic-blend oil exports is now comparable to the capacity …

Specialists from RN-Purneftegaz, a subsidiary of Rosneft, have implemented modern technology that improves well productivity and extends production period. The development is based on the use of directed gas-dynamic effects on the bottomhole formation zone. As a result of pilot tests, the volume of additional oil production at four inclined injection wells …

Block Energy Plc (‘the Company’ or ‘Block’), the exploration and production company focused on the Republic of Georgia, is pleased to announce it has increased its working interest (‘WI’) in the West Rustavi licence (‘West Rustavi’ or ‘the Field’) from 71.5% to 100%, further to an agreement (‘the Agreement’) reached …

Vienna, Austria, 15 July 2019–The price of OPEC basket of fourteen crudes stood at $67.36 a barrel on Friday, compared with $67.57 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 …