Petrosibir: 2017 Results – H1: Producing More Oil, Generating More Revenue, Optimising Costs
January – June 2017 Total revenue: SEK 20 (11) million Operating result: SEK -2 (-11) million Result from equity investment SEK 6 (8) Net result: SEK 4 (-5) million Earnings per share: SEK 0.12 (-0.15) Statement from CEO Dear Shareholders, As you will see in this report Petrosibir is making …
Petrosibir: Sosnovskoye Well Test Results, Awaiting Frack Crews
Three wells have been successfully drilled earlier this year in the Sosnovskoye field in Komi and they have produced results in line with the prognosis, see table below. Each of the wells encountered more than 4 meters of net pay (in line with expectations). A fourth well has also been …
Gazprom: Pre-development of Chayandinskoye Field and Power of Siberia to be Completed on Time
Alexey Miller, Chairman of the Gazprom Management Committee, held a meeting today in Moscow to discuss the progress achieved in the pre-development of the Chayandinskoye oil, gas and condensate field and the construction of the Power of Siberia gas trunkline. Among those taking part in the meeting were the Deputy Chairmen of the Management Committee and heads of the Company’s structural units and subsidiaries, as well as top …
RussNeft: Bazhenov Sredne-Shapshinskoye Field Testing at 100 T/D
“In the course of testing of Bazhenov Formation, RussNeft obtained a flow rate of 100 tonnes per day at Sredne-Shapshinskoye field”, says the press release of the company. Bazhenov Formation (a group of petroliferous rock beds) in West Siberia contains tight oil. As Rosnedra previously reported, oil reserves at the …
Total: Acquires Maersk Oil $7.45 billion in Shares and Debt
Total is pleased to announce that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a …
Rosneft: China’s CEFC in Talks to Buy Stake
CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft (ROSN.MM), three people with direct knowledge of the discussions said. The people said senior executives at both companies were in preliminary …
JSC KazMunaiGas Exploration Production Financial Results for the First Six Months of 2017
Astana, 17 August 2017. JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its consolidated interim financial results for the first six months ended 30 June 2017. Revenue for the first six months of 2017 was up 39% year on year and amounted to 437bn Tenge (US$1,371m[1]). This was largely a result …
Urals Energy: New Drilling Contractor Sought for RK Oil
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Petrosakh Following the announcement on 20 July 2017, testing of well 130 (which will be known as well 102 in future updates) has been completed. The …
KPO Reports 2017 Half Year Performance Results
Karachaganak Petroleum Operating B.V. (KPO) has announced 2017 half year performance results. Over this period, KPO has produced around 74 million barrels of oil equivalent in the form of stable and unstable liquids, sour gas, and sweet gas. In addition, 4.63 billion cubic metres of gas were re-injected to maintain …
Caspian Sunrise: BNG to Move to Production Contract, MJF Structure Production Covering Operating Costs
Caspian Sunrise PLC, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news from its BNG Contract Area. Background Caspian Sunrise has a 99% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometers …