OJSC «Surgutneftegas» spent more than RUB 15.6 bn on exploration in 2012.
Implementation of a comprehensive program for geological survey of subsoil allowed the Company to double the replacement of C1 oil reserves (124 million tonnes) against the annual production level (61.4 million tonnes). In 2012, OJSC «Surgutneftegas» carried out exploration in 90 license areas (including 23 exploration areas) in 8 constituent …
Schlumberger Acquires Gushor Inc
Optimizing reservoir production strategies Schlumberger announced today that it has acquired Gushor Inc., a Canadian-based petroleum geochemistry and fluid analysis company that provides innovative production and exploration solutions in the heavy oil and oil sand (HOOS) industry. A University of Calgary spin-off, formed in 2006, Gushor specializes in the integration of geology, fluid properties, petroleum …
Tethys Petroleum: Tajik Bokhtar PSC Farm-out Deal to Total and CNPC Completed
Tethys Petroleum Limited announces the completion of the farm-out agreement announced in December 2012 with subsidiaries of Total Exploration and Production and China National Petroleum Corporation whereby each acquired a one third interest in its Bokhtar Production Sharing Contract in Tajikistan. The Bokhtar PSC covers an area of some 35,000 …
Max Petroleum: SAGW-4 Produces but UTS-8 is a Duster
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the SAGW – 4 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,558 metres, with electric logs and pressure data from the well indicating 20 …
Rosneft аnnounces the final results of Voluntary Partial Public Tender Offer concerning the Shares of Saras S.p.A.
The following offer pertains to 69,310,933 shares of common stock, equal to approximately 7.29% of the share capital of SARAS S.p.A. – Raffinerie Sarde For more details please refer to the offer document Source
Bashneft Opens Innovative Drilling Support Centre in Ufa
Today, Bashneft Group opened a state-of-the-art Drilling Support Centre (DSC) in Ufa designed and constructed by Schlumberger, the world’s leading supplier of a full range of modern technologies, project management services and IT solutions for the oil and gas industry. The DSC is designed to provide professional real-time drilling support maximizing operational and economic efficiency. Bashneft’s investment in the creation of the DSC totalled 165 …
Fridman’s Alfa Group Sets Up L1 Energy Investment Fund
Billionaire Mikhail Fridman’s Alfa Group will invest $20 billion or more in global oil and gas projects through a new fund it has set up that will be advised by top-ranking former oil bosses, including ex-BP chief executive Lord Browne reports Reuters. * German Khan to be CEO, recruiting managers …
Bashneft opens an innovative Drilling Support Centre in Ufa
Bashneft Group opened a state-of-the-art Drilling Support Centre (DSC) in Ufa designed and constructed by Schlumberger, the world’s leading supplier of a full range of modern technologies, project management services and IT solutions for the oil and gas industry. The DSC is designed to provide professional real-time drilling support maximizing operational and economic efficiency. Bashneft’s investment in the creation of the DSC totalled 165 million …
Provisional results of the voluntary partial public tender offer promoted by Rosneft JV Projects S.A. on the ordinary shares of Saras S.P.A – Raffinerie Sarde
The acceptance period of the tender offer has ended on 14 June 2013; On the basis of the provisional results, no. 213,796,505 of Saras S.p.A. – Raffinerie Sarde ordinary shares, equal to 22.48% of the issued corporate capital of the same company, have been tendered in acceptance of the …
Polyarnaya Zvezda and Severnoye Siyaniye drilling rigs go to Kirinsky block of Sakhalin shelf
Gazprom’s semi-submersible drilling rigs Polyarnaya Zvezda (Polar Star) and Severnoye Siyaniye (Northern Lights) left today the Kholmsk Port on the Sakhalin Island and entered the Sea of Okhotsk. The Kirinsky block of the Sakhalin shelf is their destination point. Polyarnaya Zvezda is moving to the Kirinskoye field to construct production wells initiated last year. The mission of Severnoye Siyaniye is to drill an exploratory well at the Yuzhno-Kirinskoye …