Gazprom: Increases 2017 Investment Program by 217bn Rub
The Gazprom Management Committee approved the revised drafts of the investment program, budget (financial plan) and cost optimization (reduction) program for 2017. Pursuant to the revised draft of the investment program for 2017, the overall amount of the Company’s investments will stand at RUB 1,128.576 billion, which is RUB 217.341 …
SPD: Wins Yurga Black Gold Awards
On September 8 2017 the results of Yugra Black Gold Contest among oil and gas companies of Khanty-Mansi Autonomous Okrug – Yugra, coincided with Oilman Day celebration, were announced. Before the awarding ceremony SPD Chief Executive Officer Alexey Govzich attended the meeting of the government authorities and oil companies’ executives …
The Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
This press release is issued jointly by SOCAR and the co-venturers in the ACG PSA in Azerbaijan, including BP The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and …
Icebreaker Stepan Makarov Commences Operations for Sakhalin II
On August 6, 2017, the ice-breaking production platform supply vessel named after famous Russian naval officer Vice Admiral Stepan Makarov arrived on the shores of Sakhalin Island to commence operations. Built by Arctech Helsinki Shipyard in Finland, the vessel meets the most stringent Russian and international navigation safety requirements and can be used in the adverse conditions of the …
Petrosibir: Produces 1,278 bopd in August
Petrosibir’s total oil production in August 2017 amounted to 39,620 barrels, equivalent to 1,278 barrels per day. The table below summarizes the production broken down by region and month in 2017. 2017 Jan Feb Mar Apr May Jun Jul Aug Total production Bashkiria 13 280 12 030 13 290 12 …
Schlumberger: Service Company to Operator?
The world’s largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its customers’ oil and gas projects – investing in the same ventures it supplies with equipment and expertise. The new business model gives Schlumberger a say in drilling decisions, oilfield management and even on …
Urals Energy: Agrees Short Term $3m USD Loan with Petraco Oil Company
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Pre-export short term loan finance arrangement On 7 September 2017, the Company entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) …
Rosneft and Statoil: Sign SevKomNeftegaz Agreement for the Development of the North Komsomolskoye Field
RN-Exploration and Production LLC, Rosneft subsidiary and Statoil Russia AS, Statoil ASA subsidiary, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz LLC, an enterprise that will serve as a basis for a future North-Komsomolskoye joint field development. The Document was signed in elaboration …
PetroNeft Resources: Spuds Fifth Well at Sosnovskaya
Petroneft are pleased to announce that we have spudded the fifth well (Sosnovskaya-35) in a six well program on the Sosnovskoye field, located in Komi. The previous well Sosnovskaya-36, is now being prepared for fraccing which is scheduled to commence within the next few days, along with two of the other …
Tatneft: 2017 8M Results – Drilling Up 13%
Crude Oil Production Enterprises of the TATNEFT Croup of Companies produced 2,445.6 thousand tonnes of crude oil in August while the production for the eight months period amounted to 19,258.7 thousand, which was 511 thousand tonnes more than the figure for the similar period of 2016. The PJSC TATNEFT’s production …