NCOC: To Double Kashagan Production
Oil production on Kazakhstan’s Kashagan field will grow twofold to 370,000 barrels per day, the oilfield operator North Caspian Operating Company (NCOC) told TASS. “We expect to reach oil production of 180,000 barrels per day already in coming month. Production is planned to grow to 370,000 barrels daily by the …
East-Siberian Oil and Gas Company: Produces 1 Millionth Ton at Yurubcheno Tokhomskoye
The East-Siberian Oil and Gas Company, a subsidiary of “Rosneft”, produced the millionth ton of oil since the beginning of the development of the Yurubcheno Tokhomskoye field – one of the largest in the Krasnoyarsk Territory. At the end of 2016, the field began outstripping the supply of oil in …
Exillon Energy: January Production – 12,069 bbl/day
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of January 2017 (“the Period”). · Our average daily production[1] was 12,069 bbl/day during the …
Petrosibir: Well #9 – Lower Than Expected Flow Rates
Petrosibir has earlier reported the preliminary results from the drilling of the new well #9. The drilling was completed in October at a final depth of 2,596 meters and oil was found. Different horizons were tested and a high quality of the reservoir was confirmed, however with low flow rates …
KMG EP: 2009-2012 Tax Audit Bill Reduced by 25bn Tenge – Further Appeals Planned
KazMunaiGas Exploration Production is pleased to announce that in accordance with a positive review of the Company’s 2009– 2012 tax audit appeal by the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, the initial tax charge was reduced by 25bn Tenge to 13.5bn Tenge. The Company …
RN-Yuganskneftegaz: Production Up 2% in 2016
RN-Yuganskneftegaz, a subsidiary of NK Rosneft, increased oil production by 2% compared to the same period of 2015 (62.4 million tons) – up to 63.6 million tons, in 2016. The accumulated production of the company has exceeded 2.2 billion tons. The production results were achieved thanks to the implementation of …
Domanik Oil AS: A Statoil Rosneft JV has Started Pilot Drilling Operations
The joint venture of PJSC “NC” Rosneft “and Statoil ASA – Domanik Oil AS (the share of” Rosneft “- 51%,’s Statoil – 49%), start drilling the first well in the framework of the exploration work on the study of hard hydrocarbon reserves Domanik deposits in the Samara region. During the …
New Supply Vessel for Sakhalin-2 Project Named Gennadiy Nevelskoy
On 30 January 2017, the naming ceremony took place for a new ice-breaking platform supply vessel (IBSV) built for Sakhalin-2 project. The vessel was commissioned by SCF Group under a long-term agreement with Sakhalin Energy. She was named after Gennadiy Nevelskoy, a famous explorer of the Sakhalin Island and the …
RN-Uvatneftegaz: Has Produced 5 Millions Tons of Oil
RN-Uvatneftegaz, a subsidiary of “Rosneft”, has extracted 5 million tons of oil since the beginning of the development of the Uvat group of fields of Central, including the Tyamkinskoye, South Petegskoe, Radonezh and Protozanovskoe field. The total average daily production is more than 3.6 thousand Tons of oil. The development …
KMG EP: 2016 Results – Total Production Down 2%
JSC KazMunaiGas Exploration Production announces its operating results for the year 2016. Production Overall, KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 12,154 thousand tonnes of crude oil (245 kbopd) for 2016, a 2% decrease on 2015. Ozenmunaigas JSC (“OMG”) produced 5,555 thousand …