Exillon Energy: Unaudited Production of 15,461 bbl/day in November
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 November 2015 (“the Period”). · Our average daily production[1] was 15,461 bbl/day during the …
Volga Gas: Spins Bit at the Karpenskiy License Area
Volga Gas plc, an oil and gas exploration and production group operating in the Volga Region of Russia, has commenced the drilling of an exploration well in its 100 percent owned Karpenskiy License Area in the Saratov Region of southern Russia. The well is being drilled on the Yuzhno Mironovskaya …
SOCAR and Ministry of Emergency Situations and Prosecutor General of Azerbaijan Republic Joint Statement on Gunashli Rig Disaster
A sharp change in weather conditions in the country created serious problems in the conduct of offshore oil and gas operations. On December 4th 2015, north wind speed reached 38-40 meters per second whilst the wave height in the open sea was 8 meters and more. In the evening incessant …
Russian Gas Exports to France Increase 32% in 11 Months
Gazprom’s delegation, led by Alexey Miller, Chairman of the Company’s Management Committee, paid a visit to France today. As part of the visit, Alexey Miller met with Jean-Pierre Jouyet, Chief of Staff of the French President and Emmanuel Macron, Minister of Economy, Industry and Digital Sector. The attending parties noted …
Roxi Petroleum: Heavy Drilling Muds Preventing Natural Oil Flows at Deep Well A5
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset. Deep Wells Deep Well A5 As previously announced Deep Well A5 was drilled to a depth of 4,442 meters. Unrecovered drilling …
KMG EP Approves 2016 Budget and 2016-2020 Business Plan
JSC KazMunaiGas Exploration Production announces the approval by the Board of Directors (“the Board”) of the Company’s 2016 budget and 2016-2020 business plan which assume the average annual Brent price of US$40.1 per barrel in 2016-2017, US$50.1 per barrel in 2018-2020 and an average annual exchange rate of 300 Tenge …
KMG EP: Appoints Igor Goncharov and Kurmangazy Iskaziyev to the Board
KazMunaiGas Exploration & Production held an extraordinary general meeting of its shareholders on November 26, 2015, where new members were elected to the Board of Directors. The EGM appointed Mr. Igor Goncharov, the Managing Director for Operational Production Assets – Chief Engineer at National Company KazMunaiGas and Mr. Kurmangazy Iskaziyev, …
Novatek: Launches Production at the Yarudeyskoye Field
OAO NOVATEK announced the start of commercial production at the major Yarudeyskoye oil field, which is expected to rapidly reach its planned daily production level equivalent to approximately 3.5 million tons of crude oil on an annualized basis. Thirty-six (36) production wells have been drilled and the field’s infrastructure includes …
Gazprom and E.ON Address Implementation of Nord Stream 2 Project
St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Klaus Schaefer, Member of the E.ON Management Board. The parties deliberated on the cooperation issues including, among other things, gas supplies. Special attention was given to gas transmission projects. Alexey Miller and Klaus …
Statoil: Sells its 20% Stake in the Trans Adriatic Pipeline for EUR 208m
Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of EUR 208 million. This amount is for both Statoil’s shares …