NOVATEK: Jurassic Development Prospects Confirmed at the West-Yurkharovskoye Field
PAO NOVATEK announced that its wholly owned subsidiary OOO NOVATEK-Yurkharovneftegas has successfully completed testing the Jurassic reservoir at well #135R on the West-Yurkharovskiy license area. The Company successfully completed a horizontal well using multi-stage hydro-fracturing at a total vertical depth of 4,100 meters with abnormally high reservoir pressure of 820 …
Kazakhstan Extends Subsoil Use on Caspian Sea for Russia
By Nigar Guliyeva – Trend: President of Kazakhstan Nursultan Nazarbayev and President of Russia Vladimir Putin signed the Additional Protocol to the Protocol to the Agreement between the Republic of Kazakhstan and the Russian Federation on the delineation of the bottom of the northern part of the Caspian Sea in …
GE: To Divest Baker Hughes?
GE‘s new CEO’s plans stick to health care, power and aviation, stop short of breakup. General Electric Co.’s new leader plans to unveil a road map Monday for the conglomerate that will focus on three of its biggest business lines, but stops short of a breakup or more radical restructuring …
KazMunaiGas Exploration Production Financial Results for the First Nine Months of 2017
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its consolidated interim financial results for the first nine months ended 30 September 2017. Revenue for the first nine months of 2017 was up 29% year-on-year at 666bn Tenge (US$2,059m[1]). This was largely a result of a 24% increase in …
Petrosibir: Drilling and Workover Update Komi
We are pleased to announce the current drilling and fraccing results in Komi. Drilling We successfully completed well Sosnovskaya #35 which was spudded in September this year. The well tested 19 bopd which is similar to the initial flow rates from other wells in this field. Well #40 – the …
Caspian Sunrise: It’s The Season of Giving and Sharing
Caspian Sunrise (formerly Roxi Petroleum plc), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with the following changes in the shareholdings of the Company. Introduction Caspian Sunrise announces that Kuat Oraziman, its CEO and largest shareholder, has agreed to gift …
PJSC “RussNeft” Will Produce Additional 450 Thousand Tonnes of Oil Due to Well Intervention Activities
RussNeft will add about 450 tonnes of oil production in 2017 due to well intervention works, the Company states. Following the results of the 9 months of 2017, AO Varioganneft, OAO Saratovneftegaz, and OAO Ulyanovskneft are the leaders in the well intervention efficiency growth. The well intervention specific efficiency is …
Tatneft: Results of Operations for the First Ten Months of 2017
Crude Oil Production TATNEFT Croup of Companies produced 2,459 thousand tonnes; while the oil volume produced during the ten months amounted to 24,124 thousand tonnes, which was 499 thousand tonnes more than the figure for the similar period in 2016. PJSC TATNEFT’s production amounted to 2,429 thousand tonnes; and 23,829 …
Tengizchevroil: 100 More Wells Planned to 2022
In January-September of 2017, Tengizchevroil LLP produced 21.4 million tons of oil at the Tengiz field. During this period, in 2016, 20.3 million tons of oil (160 million barrels) were produced. “In 2008, TCO completed the project for the injection of crude gas and the second-generation plant, resulting in a …
Gazprom: Organizational Framework Established for Further Russian-Iranian Cooperation in Gas Sector
A number of documents were signed in Tehran on the margins of the visit to the Islamic Republic of Iran by Russian President Vladimir Putin. The documents are aimed at fostering Russian-Iranian cooperation in the gas sector. Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Amir Hossein Zamaninia, Iran’s Deputy Minister of Petroleum, signed a Memorandum of Understanding for strategic cooperation. In accordance with …