Oil & Gas Operators

JSC “Orenburgneft”, a subsidiary of Rosneft, has started commercial operation of three new oil fields in the South Orenburgskoy region – Bolotovskogo, Eastern and South — Bolotovskogo. Their initial recoverable reserves of AV1B2 categories are 5.4 million tons of oil. The introduction of new fields is part of a large-scale …

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI) Potential production at this new well is estimated at 12,000 barrels per day. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well has increased by 25 percent reaching 35,000 barrels. The well …

Vienna, Austria, 4 April 2019–The price of OPEC basket of fourteen crudes stood at $69.12 a barrel on Wednesday, compared with $68.83 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), …

Dow completes separation from DowDuPont   Becomes a more focused and streamlined materials science company Launches with global scale and leading positions in three attractive consumer-driven segments: packaging, infrastructure and consumer care Begins regular way trading on April 2 under the “DOW” ticker symbol  April 1, 2019 – Today Dow …

Research Cooperation Agreement on the use of machine learning systems and artificial intelligence (AI) aims to optimise the analysis and model creation from geological data More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills …

LUKOIL continues to develop the infrastructure of its fields in the north of the Caspian Sea. Thus, the company has completed construction of the seventh well at production platform number two of Vladimir Filanovsky field. The newly constructed well has two bores. The drill depth of the main bore is …

PJSC LUKOIL (“LUKOIL”), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (“KazMunayGas”) have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and …

LUKOIL and INPEX CORPORATION have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. The well recorded daily flow rate of more than 1,500 cubic meters of oil from the Mishrif formation and proved …

“Last year, the processing industry showed a high dynamics and growth of 4.1%. Attracted investments for 1.1 trillion tenge. More than 13 thousand jobs have been created,” said Askar Mamin, noting the need to pay attention to a number of issues. First. Mechanical engineering should be one of the drivers …

Vienna, Austria, 3 April 2019–The price of OPEC basket of fourteen crudes stood at $68.83 a barrel on Tuesday, compared with $68.31 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), …