Rosneft: Board of Directors Approves “ROSNEFT-2022” Strategy
Rosneft Board of Directors approved the “Rosneft-2022” Strategy aimed to qualitatively change the Company’s business by introducing the advanced management approaches and new technologies, increasing the returns of existing assets of the Company. “Rosneft-2022” meets the modern challenges of the energy industry in full. The strategy provides for increasing the …
Rosneft: Board of Directors Approves 2018-2019 Plan of Financial and Economic Activities
Rosneft Board of Directors approved the plan of Company’s financial and economic activities for 2018-2019 on an in-person meeting in Sochi. Based on the actual production and financial data for the 9 months of 2017 and the management forecast for the fourth quarter, Rosneft management expects to implement the approved …
Rosneft: Agrees Samotlor Development Program
Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field. However, the water-cut of its production amounts up to 96 percent, which has a great impact on economic efficiency …
KMG EP’s GDRs are Admitted to Listing on Kazakhstan Stock Exchange Pursuant to the Tender Offer
Astana, 15 December 2017. JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company“) announces that following its announcement of 8 December 2017 regarding the Company’s launch of a tender offer (the “Tender Offer“) to purchase its GDRs and to delist from the London Stock Exchange (“LSE”) and Kazakhstan Stock Exchange …
KPO General Director Awarded by Kurmet State Award of Honour
Karachaganak Petroleum Operating B.V. (KPO) announced that on the eve of the RoK Independence Day several employees of the company have been awarded by different honours. As per decree of the RoK President Nursultan Nazarbayev, Renato Maroli, KPO General Director, was awarded by Kurmet Award of Honour for his merits …
Delegation from NOVATEK-TARKOSALENEFTEGAZ Visits TATNEFT
A delegation of professionals from OOO NOVATEK-TARKOSALENEFTEGAZ visited TATNEFT Company within the framework of the working visit, and, inter alia, the delegation included specialists in crude oil production and treatment. Within the framework of the visit, there was a meeting held with the PJSC TATNEFT’s managers and professionals, during which …
LUKOIL: Approves 2018 Plan – Forecasting “Conservative $50 Barrel Price”
The Board of Directors at the today’s meeting approved the mid-term development plan (‘Key budget indicators of the LUKOIL Group for 2018-2020′). The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth …
Caspian Sunrise: Well A5 Well Test Positive, Paused Due to Excess Drilling Mud
Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news at the BNG Contract Area of progress at its Deep Wells A5, 801, A6 & A8 and at the Shallow Well 146 on the MJF structure. Deep Wells …
LUKOIL Starts Drilling of the First Production Well at the Phase 2 of the Filanovsky Field
LUKOIL finished most of the construction works at Vladimir Filanovsky field’s Phase 2 development facilities and started drilling of the first production well. The drilling is planned to be completed in early 2018. The Phase 2 facilities will allow to reach the stable designed production plateau of 6 million tons …
Russneft: Launched an Integrated Pilot Project for Hydraulic Fracturing in Mature Fields
PJSC “RussNeft” has started implementation of pilot programme for hydrofracturing at the mature fields. The testing of the integrated project was conducted in autumn of 2017 at the fields of Saratovneftegaz, a subsidiary of PJSC “RussNeft”. The first well, drilled under the programme, gave the record flow rate growth of …