PJSC Geotech Seismic Services Will Place Two Issues Of 5 Year Bonds For Rur 6 Billion
IG Seismic Services PLC, the leading pure – play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, announces that PJSC Geotech Seismic Services (the largest company of GEOTECH Holding CJSC , the managing company for IGSS assets) adopted …
Polarcus Signs Multi-Client Collaboration Agreement with ION
Polarcus Limited is pleased to announce that the Company has entered into a three year agreement with ION Geophysical Corporation to jointly develop, execute, and market 3D marine multi-client projects to E&P companies worldwide. The agreement combines Polarcus’ proven expertise in the 3D multi-client space with that of ION’s GeoVentures …
Hardbanding Solutions: Launches New Site Inspection Service To Ensure Quality Hardbanding Applications
Hardbanding Solutions by Postle Industries is now offering site inspections to ensure that their certified hardband applicators are properly applying Duraband® NC and Tuffband® NC hardbanding alloys. Producers, drilling contractors and rental companies periodically experience marginally acceptable hardbanding applications. To be certain that their hardbanding products are being applied to …
Tethys Petroleum: Extends Kazak Drilling Program
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced an update on its Kazakhstan drilling schedule previously announced as part of the Kazakhstan work programme through Q1, 2014. Extended and accelerated drilling programme: Two deep exploration wells now …
Shelton Petroleum AB: Spuds New Well in Russia
Shelton Petroleum has spudded a fourth well on the Rustamovskoye field in Russia by exercising the option included in the drilling contract of well RS#11. As previously announced, RS#11 shows good flows and is connected to the field’s infrastructure and the sale of oil from the well has commenced. Shelton …
Representatives of the Russian Energy Ministry Visited the Production Facilities of TATNEFT
A delegation of the Ministry of Energy of the Russian Federation, which included Kirill Molodtzov, Deputy Minister, and Mikhail Gryaznov, Director of Oil and Gas Processing Department of the Russia Energy Ministry, visited the production facilities of JSC TATNEFT. The delegation was accompanied by Shafagat Takhautdinov, Director General of JSC …
Vladimir Putin Signs Law to Reduce Mineral Extraction Tax for Unconventional Oil Production
Russian President Vladimir Putin on Tuesday signed a law to ease the tax burden on operators developing Russia’s unconventional oil resources. The law will differentiate the tax rates for hydrocarbon production based on the permeability of the rock, depletion of the reservoir and the size of the oil bearing layer. …
Urals Energy: Passive Seismic Survey at Articneft
Urals Energy PCL , the independent exploration and production company with operations in Russia, announces that a two part Passive Seismic survey has been completed for Articneft on the island of Kolguev by GeoDynamics Worldwide srl, and the Company expects to receive the full results in late August / early …
Ruspetro: MET Relief for Tight Oil Becomes Law, 80% Tax Relief on Tight Oil Reserves
Ruspetro plc announces that a substantial reduction in the Russian Mineral Extraction Tax applicable to tight oil has been passed into law this week and will be applied to production from the Company’s qualifying reserves from 1 September 2013. 80% MET relief: Due to the characteristics of our reservoirs, the …
Rosneft President Igor Sechin Meets Rostov Region’s Governor Vasily Golubev
Rosneft President and Chairman of the Management Board Igor Sechin, accompanied by a team of the Company’s top managers, held a working meeting with Rostov region’s Governor Vasily Golubev. As part of the meeting the parties signed heads of agreement for Rosneft to acquire fueling assets in Rostov-on-Don. The parties …