Oil & Gas Operators

eDrilling announced today that it has signed a contract with Gazpromneft’s Drilling Support Center (DSC) GeoNavigator, a subdivision of Gazpromneft Science and Technology Center, for the use of eDrilling’s software to support oil company’s drilling operations. “Our objective is to increase production and to improve production efficiency through the use …

Within the enhanced oil recovery pilot project based on injection of the three-component mixture of alkali, surfactant, and polymer (ASP) Salym Petroleum Development (SPD) has produced 3,000 t of oil. This was the production target set by SPD at the start of project execution. Oil recovery factor of the pilot …

The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunayGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons. The block is estimated to have significant potential for …

SPD tested application of pitless drilling model at the Salym group of oil fields. Technology like this makes it possible to reduce adverse environmental effect and optimize well pad construction costs through reducing their area and drilling waste volume. According to the pilot project results at Upper Salym, transition to …

Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves exceeding 880 bcm of gas. The project envisages the development of the traditional gas reserves of the Cenomanian deposit, pilot production and …

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and LNG sectors around the world, as well as the opportunities and threats facing the Company. It was noted that, according to most projections, global shale gas production was likely to be concentrated primarily in North America in the mid- and long term. In 2016, the increase in shale gas …

The Gazprom Board of Directors took note of the information about the Company’s preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019–2020. The Board of Directors also approved the Company’s investment program and budget (financial plan) for 2018. The key figures of the investment program did not change compared to the version …

A total of 30 oil and gas discoveries were made in the third quarter of 2017. Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining 10 are conventional gas, according to GlobalData, a leading data and analytics company. Among countries, Russia leads …

Dynamic Technologies (“DTCC”) and Mitcham Industries, Inc. (NASDAQ: MIND) today announced an Equipment Lease Agreement whereby Mitcham will offer DTCC’s SmartSolo land seismic recording system for rental to customers worldwide. 20,000 channels will be available in early 2018. Financial terms of the arrangement were not disclosed. Rob Capps’, Mitcham’s Co-Chief …

PAO NOVATEK announced today that its joint venture “Arcticgas” won the bid for a geological survey, exploration and production license for the Osenniy subsoil area located in the Yamal-Nenets Autonomous Region (YNAO). The license area contains estimated hydrocarbon resources of 4,411 million barrels of oil equivalent according to the Russian …