TNK-ВP and Schlumberger to Implement a Joint Pilot Project to Develop Hard-to-Recover Oil in the West Siberia
TNK-ВР and Schlumberger, a leading oilfield services company, have signed a contract to jointly implement a pilot project to develop hard-to-recover hydrocarbon reserves in the Severo-Khokhryakovskoe field in the West Siberia. The new format of cooperation serves to enhance the field production efficiency by increasing production per well and formulating …
MOU Signed with an IOC to Acquire Interest in Tajikistan PSC
Tethys Petroleum Limited today announced that Kulob Petroleum Limited, its subsidiary, which is the Contractor party to the Bokhtar Production Sharing Contract in Tajikistan, has signed a Memorandum of Understanding (“MOU”) to execute a farmout agreement on the PSC. The potential acquiring party is an international oil and gas company …
Early Bird Registration for RAO/CIS Offshore 2013
Early Bird Registration for RAO/CIS Offshore 2013 – 11th International Conference for Oil and Gas Resources Development of the Russian Arctic and CIS Continental Shelf – has now started Early bird prices are valid only till 31 December 2013 How to become a delegate To become a delegate please …
Exillon Energy: EWS-1 Flows at 767 bbl/day
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce a drilling update. Exploration well EWS I – 60 Exploration well EWS I – 60 was designed to test a 4.1 sq km north-west …
Exillon Energy: Publishes Information Memorandum for Secondary Listing on Warsaw Stock Exchange
Exillon Energy, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, today published an information memorandum in connection with an application to obtain a secondary listing on the Warsaw Stock Exchange. No shares will be issued or sold in connection with …
Bashneft’s Board of Directors holds a scheduled meeting
The new Committee of the Board of Directors includes: Randall Gossen, the Chairman of the Committee, an independent director; Charles Watson, an independent director; Vitaliy Artyukhov, an independent director; Yury Pustovgarov, an independent director; Mukhail Stavskiy, the First Vice President for Upstream and Geology; Maxim Andriasov, the First Vice President …
Paradigm Drilling Services Secures £250,000 Grant for Innovation
Drilling tool specialist Paradigm Drilling Services has secured a quarter of a million pounds worth of funding through the Technology Strategy Board to progress its pioneering drilling tool solutions. The Smart development of prototype grant will allow the Aberdeenshire-based firm to develop novel Rotary Traction Systems for use in extended …
Total Rolls Yamal LNG FID Decision to Next Year
Total expects to take a final investment decision (FID) next year on the Yamal gas project in Russia, after initially expecting a decision before the end of this year, the French oil group said on Tuesday. “We anticipate to be in a position to take the FID next year if …
Sechin Sees $3-$5 billion Synergies in Rosneft Takeover of TNK-BP
Rosneft’s CEO Igor Sechin said its planned $55 billion takeover of rival oil company TNK-BP would yield $3-$5 billion in synergies, largely on projects in new provinces in Russia’s north and east. Sechin, speaking on a conference call a day after Rosneft announced it would buy British major BP and …
Caspian O&G: Name Change to Equus Minning Ltd and Pulls out of the Kyrgyz Republic
With the majority of the Kyrgyz oil and gas exploration permits set to expire without prospect of renewal, Caspian sold its oil licence owning subsidiaries for a total of US$800,000 in late September 2012. The sale of the oil interests followed extensive but unsuccessful farm-out efforts which were hampered by …