Oil & Gas Operators

As previously announced our plan to bring Deep Well 801 into production was by drilling a side track of between 450 – 500 meters from a starting depth of 4,501 meters. Having identified potential oil bearing (net-pay) intervals covering in aggregate 121 meters so far during the drilling of the …

PJSC “LUKOIL” today released its condensed interim consolidated financial statements for the three-month period ended 31 March 2018 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 4Q   1Q 1Q 2018 2017   2018 2017 (RUB bln) 1,630.7 1,662.5 Sales 1,630.7 1,431.6 219.5 223.7 EBITDA 219.5 …

Gazprom Neft has signed a binding agreement on the alienation of a 49-percent share in the authorised capital of Gazpromneft-Vostok — the purchasers being Mubadala Petroleum (United Arab Emirates) together with the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia). The asset-holding structure following the closing of the transaction will be Gazprom Neft 51 percent, Mubadala Petroleum 44 percent, and …

Kazakhstan intends to produce more than 104 million tons of oil per year by 2025. This was announced by Kazakh Energy Minister Kanat Bozumbayev at a government hour on the development of the oil and gas sector in Kazakhstan on May 21. The volume of investments in major projects that …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Artem Obolensky, Chairman of the Board of Directors of RusGazDobycha, took place today at the St. Petersburg International Economic Forum 2018. The parties discussed issues related to bilateral cooperation, including the project for the development of the Parusovoye, Severo-Parusovoye and Semakovskoye fields, as well as the evaluation of the …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Mario Mehren, Chairman of the Board of Executive Directors of Wintershall Holding, took place today at the St. Petersburg International Economic Forum 2018. The meeting participants discussed the current issues and prospects of cooperation in the gas sector. Particular attention was paid to the progress of the Nord Stream …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2018. The meeting participants discussed topical issues of strategic cooperation. Particular attention was paid to interaction in the area of liquefied natural gas, including a joint feasibility …

Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, today signed at the St. Petersburg International Economic Forum 2018 an Agreement stating the intention of the parties to jointly develop the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area. The document outlines the general terms and procedure for setting up a joint venture …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Patrick Pouyanne, Chairman and Chief Executive Officer of Total S.A., took place today at the St. Petersburg International Economic Forum 2018. The meeting participants expressed their satisfaction with the ongoing bilateral cooperation in the oil and gas sector. Gazprom and Total contribute to the …

On May 24, 2018, Gazprom Neft and Mitsui signed a Memorandum of Understanding at St. Petersburg International Economic Forum. The parties agreed to assess the prospects for cooperation between the two companies to develop shallow offshore project on Sakhalin island*. The document was signed by Hirotatsu Fujiwara, Executive Managing Officer of Mitsui & Co. Ltd. and Andrey Patrushev, Deputy General Director …