Alexey Miller Informs Vladimir Putin of Gazprom’s Performance in 2015
A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller informed Vladimir Putin of the Company’s performance in 2015, particularly gas production, domestic supply, and the implementation of the Russian Regions Gasification Program. He also …
VOSTOK NAO: Starts Exploration Drilling at Yuzhno-Visovaya
Today VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District. The target depth of the well is 4,000 meters. A 3D seismic survey covering 103 km2 was acquired earlier …
Gazprom Neft: 2015 Results – EBITDA and Production Up, Sales Down
Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2015. Increased production, consistent sales of petroleum products and efficient management drove an improvement to adjusted EBITDA*, which increased 18.2% Y-o-Y to RUB 404.81 bln, offsetting pressure from the tax manoeuvre introduced …
Gazprom Neft: 2015 Results – EBITDA and Production Up, Sales Down
Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2015. Increased production, consistent sales of petroleum products and efficient management drove an improvement to adjusted EBITDA*, which increased 18.2% Y-o-Y to RUB 404.81 bln, offsetting pressure from the tax manoeuvre introduced …
Karpinsky Oil and Gas Company: Development Strategy for Southern Russia licenses
Karpinsky Oil and Gas Company (KOGC) has revealed plans to launch a drilling programme next year in the promising oil and gas license blocks it controls in the Karpinsky Ridge Basin in the Rostov Oblast, south of Russia. The Oslo-based international E&P company says the latest seismic studies carried out …
ExxonMobil: Reserve Replacement Under 100% for the First Time in 22 Years – Due to Falling Oil Price
ExxonMobil Corp. failed to replace all of the oil and natural gas it pumped last year with new discoveries and acquisitions for the first time in more than two decades. Exxon’s so-called reserve-replacement ratio fell to 67% in 2015, the Irving, Texas-based company said in a statement on Friday. Prior …
GlobalData: Russia and Kazakhstan Will Dominate Planned Upstream Projects in the Former Soviet Union to 2025
Russia is responsible for 25 key crude and natural gas projects expected to commence operations by 2025, dominating the Former Soviet Union’s (FSU) oil and gas production, says research and consulting firm GlobalData. According to the company’s latest report*, the two other key planned projects in the FSU region are …
Petrogrand: Appoint Pavel Tetyakov as the new Managing Director
On 26 February 2016 the Board of Directors in Petrogrand AB appointed Mr. Pavel Tetyakov as the new managing director of Petrogrand AB (publ). Pavel Tetyakov has been the managing director of all Petrogrand’s Russian subsidiaries since April 2015 and was involved in the management of the Komi oil fields …
Lukoil: Development Drilling at Vostochno-Lambeyshorskoye Increases Recoverable Reserves by 6 Fold
PJSC LUKOIL has increased recoverable reserves of the Vostochno-Lambeyshorskoye field in the Republic of Komi by more than 6 times to 42.218 million tons. The field was discovered at the end of 2011 and back then its initial recoverable reserves (C1+C2) were estimated at 6.948 million tons of oil. Seven …
Exillon Energy: Reserve and Production Update
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”), issues today an update on reserves and production. Based upon the data of the State Register of Mineral Reserves, the Ministry of Natural Resources and …