Oil & Gas Operators

Vienna, Austria, 15 October 2018–The price of OPEC basket of fifteen crudes stood at $79.36 a barrel on Friday, compared with $80.14 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), Oriente (Ecuador), …

LUKOIL commissioned the fifth well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea. The length of the main wellbore of the new bilateral production well is 2,956 meters, while the lateral‘s is 1,735 meters. The well’s initial flow rate exceeded 3,300 tonnes of oil per …

Chairman of the Presidium of Kazakhstan’s Union of oilfield related companies Rashid Zhaksylykov told about the new projects in the oil and gas sector in Kazakhstan, BNews.kz correspondent reports. The oil and gas sector is active in the country. Positive trends in oil prices have revived the sector: a start …

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its wholly owned subsidiary OOO Arctic LNG 3 has completed the testing of the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay. The drilling and testing results confirmed that a new natural gas and …

PAO NOVATEK reported today preliminary operating data for the nine months 2018. NOVATEK’s hydrocarbons production totaled 402.2million barrels of oil equivalent (boe), including 50.31 billion cubic meters (bcm) of natural gas and 8,775 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production …

Gazprom Neft has developed digital products for estimating capital and operational costs (CAPEX and OPEX) in conceptual engineering and field management. Thanks to unique digital programmes the exactitude of cost estimates has increased two-fold in comparison with industry standards, allowing more considered financial decisions to be taken on both current and future assets. These CAPEX and OPEX …

Urals Energy, the independent exploration and production company with operations in Russia, provides the following updates in respect of the Company’s investment in the Kholmsk commercial seaport (the “Kholmsk Port”) and other matters. On 6 August 2018 the Company announced that, among other things, its Petrosakh subsidiary had acquired a …

Sergey Mishkevich: Well Logging, STREAM-Auto-Digger, and Drilling Safety Sergey Mishkevich is a next-generation engineer whose work focuses on implementing automated solutions and reducing the influence of the human factor in drilling operations. His professional expertise includes MWD/LWD services, telemetry, remote monitoring, algorithmic drilling control, and enhancing industrial safety. Sergey has …

On August 08, 2018, INK-SERVICE, LLC together with Phoenix Technology Services Russia, LLC reached the final depth of 4676.4 m on well No. 833, Pad 216 at the Yarakta field. A 1720 m-long horizontal section was drilled without using RSS technology. Yuri Sergeev, Deputy Director-General for Drilling, Irkutsk Oil Company, OJSC: “During the drilling of …

Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Alexander Artyukhov, Director General of United Engine Corporation (UEC), today signed at the 8th St. Petersburg International Gas Forum a Cooperation Program to provide Gazprom with reliable domestic gas turbine equipment until 2030. The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management …