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 …
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 …