Tatneft: Holds Regular Board Meeting
A regular meeting of the TATNEFT Company’s Board of Directors chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in the city of Kazan on October 26, 2017. They considered the budget execution results for nine months of 2017 at the meeting and approved the budget for …
Lukoil NVN: Completes 8th Well at the Vladimir Filanovsky Field
PJSC LUKOIL has completed the drilling of its eighth well at Vladimir Filanovsky field in the Caspian Sea. This is a horizontal producing well. The length of its horizontal section is 1,560 meters and a well flow reaches 2.8 thousand tonnes per day. As a result, the project’s total production …
Gazprom Neft: Signs MoU With Venture Funds With Oil and Gas Technologies
Gazprom Neft has signed a Memorandum of Understanding (MOU) with Phystech Ventures and North Energy Ventures, venture capital firms managing several funds and investing consistently in the development of hydrocarbon production technologies in Russia. The purpose of the signed document is to formalise existing cooperation in monetising high-tech projects in …
KMG EP: 2017 9M Results – Production Down Slightly
JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) announces its operating results for the first nine months of 2017. Production KMG EP, including its stakes in Kazgermunai (“KGM”), Karazhanbasmunai (“CCEL”) and PetroKazakhstan Inc. (“PKI”), produced 8,884 thousand tonnes of crude oil (239 kbopd) in the first nine months of 2017, …
Gazprom Dobycha Nadym: Celebrates Fifth Anniversary of the Bovanenkovskoye Field
On October 23, 2012, Gazprom Dobycha Nadym started the commercial operation of gas production facility No. 2 at the Bovanenkovskoye field. Gas production facility No. 1 was brought online in 2014 and new wells and a booster compressor station came onstream in early 2017. Over the five-year period of operation, …
Gazprom Neft and MIPI: Establish Bazhenov Fracturing Research Centre
Gazprom Neft, together with the at the Moscow Institute of Physics and Technology (MIPT) Engineering Centre have established a fracking support centre in St Petersburg to investigate optimum technological solutions for developing the unconventional reserves of the Bazhenov Formation. The new centre will employ geologists, geomechanics and engineers from Gazprom …
PetroNeft Resources: S-375s Well Test Flowing at 150 bopd on a 4mm Choke
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to provide an update on the S-375s delineation well at Sibkrayevskoye oil field. Highlights – Testing of the S-375s well has been …
Gazpromneft-Lubricants: Launches Drilline For Oil Based Muds
Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, has become the first company in Russia to start producing oils for the production of drilling fluids using its own technology. The range includes four import substitutes under the Gazpromneft Drilline brand name, with total production volumes of up to 5,000 tonnes …
Caspian Sunrise: Deep Well A5 Produces High Quality Oil
Caspian Sunrise PLC, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of success at its Deep Well A5 at its flagship BNG Contract Area. Background Caspian Sunrise has a 99% interest in the BNG Contract Area, which is …
Gazprom: Revises 2017 Investment Program – Spending Up 217bn Rub
The Gazprom Board of Directors approved the revised investment program, budget (financial plan) and cost optimization (reduction) program for 2017. The key figures of the investment program did not change compared to the version approved by the Gazprom Management Committee in September this year. Pursuant to the revised investment program …