Urals Energy: Petrosakh Drilling Update
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that the flow rate for Well #53 has been successfully established and remains stable at around 70 bbls per day. At the same time, drilling of Well #112 is underway and has reached the …
PetroNeft Resources: Arbuzovskoye Well 111 Flows at 150 bpd
PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations at Licence 61. Highlights: Arbuzovskoye well 111 successfully completed and put into production Initial oil flow rate of 150 bopd No water production associated with the …
ALLIANCE OIL AND REPSOL REACH AN AGREEMENT TO FORM AND GOVERN RUSSIAN EXPLORATION AND PRODUCTION JOINT VENTURE
Alliance Oil Company Ltd and Repsol Exploración, S.A. have reached an agreement to form and govern a joint venture for exploration and production growth in Russia. Further to the agreement, Alliance and Repsol envisage establishing a joint venture with a total asset base of approximately $840 million following asset and …