Rosneft Completed 2015 Offshore Geological Exploration Program
Rosneft has completed its 2015 geological exploration program at offshore licenses. Seismic surveys using 2D method covered 20,434 line km in waters of the Kara Sea, the Chukchi Sea, and the Laptev Sea. For the first time 2D seismic exploration was carried out with support of an integrated information system, …
Petrogrand: Sees Small 3% Production Uplift in November
The total production from the Komi oil fields Dinyu-Savinoborskoye, Sosnovskoye and Yuzhno-Tebukskoye in November 2015 amounted to 57,435 barrels of oil, corresponding to an average of 1,915 barrels of oil per day (a slight increase of 3 per cent compared to 1,852 barrels of oil per day in October 2015). …
Volga Gas: New Vostochny Makarovskoye Side Track Comes On Stream as Gas Plant Nears Capacity
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its operations. Vostochny Makarovskoye (“VM”) field As of 11 December 2015, the VM#4 well, in which the Group drilled a successful sidetrack earlier in …
Petroneft Resources: Workover Program at Tungolskoye To Improve Disappointing Production Rates
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye – T-501 and T-505 horizontal wells drilled. Logs suggest both to …
Rosneft: Chayvo Productions Hits Two Million Tons
Rosneft produced 2 millionth ton of oil since the production start at the Northern Tip of Chayvo field in 2014. The Northern Tip of Chayvo field is located in the Sakhalin shelf area. Currently, oil at the field is being produced from three extended-reach wells that are about 10 km …
LUKOIL: Medium Term Plans – Rakushechnoye, Kuvykin and Filanovsky Fields are Key Priorities
The Board of Directors of PJSC LUKOIL held a meeting in Moscow today to approve the LUKOIL Group’s key performance indicators for 2016–2018. Further Company development aligned with the basic corporate planning principles were named the key objective of the medium-term plan. The meeting participants reviewed the diverse implementation aspects …
Shelton Petroleum: Distributes Ukrainian Operations Through Zhoda Petroleum Ukraine AB
As part of the transaction between Shelton Petroleum and Petrogrand, Shelton Petroleum today distributes its Ukrainian operations to its shareholders in the form of a dividend. Zhoda Petroleum Ukraine AB (“Zhoda”) is the Swedish parent company in the group that has been distributed. Pareto Securities has set up an OTC …
Statoil and Repsol Trade Assets in UK, Norway, USA and Mexico
These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. – Statoil farms down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a …
Bashneft: Board of Directors Approves the Reorganization of the Burneftegaz Group
At the meetings held on December 9 and 10, the Board of Directors of PJSOC Bashneft approved the Company’s business plan for 2016 and a number of transactions forming part of the Company’s day-to-day operations. In accordance with a directive from the Government of the Russian Federation, the Board of …
ConocoPhillips: 2016 Operating Plan – $7.7 Billion Capital Budget
ConocoPhillips today announced its 2016 operating plan. Key highlights from the plan include: – $7.7 billion capital budget; – 1 to 3 percent production growth, adjusted for asset sales; and – $7.7 billion of operating costs. Chairman and Chief Executive Officer Ryan Lance commented, “We’re setting an operating plan for …