Rosneft: The Model for Drilling Success
K.V.Kudashov, R.A. Malakhov, Rosneft Oil Company Introduction In 2010, Rosneft was the fourth largest oil producer in the world, and the largest producer in Russia (Fig. 1). It is impossible to increase and maintain this position and continue to produce high production levels without increasing the volume of wells drilled …
The ROGTEC Interview: Francis Sommer, Senior Vice President, Operations & Technology at TNK-BP
What are TNK-BP’s key upstream objectives for 2012 in Russia? Continued improvement of our HSE performance in all our operations will be a key priority for us. We will remain relentlessly focused on this task. Of course, efficient reserves recovery and increasing oil production in order to meet our planned …
ROGTEC Technology Roundtable: Russia’s Regional Drillers
Welcome to all of our participants. Could you briefly describe the rig fleet that you are operating in Russia? LLC Integra-Drilling: A part of rig fleet of Integra – Drilling (Integra Group) is presented by 320 ton Drilling Rigs BU 3D designed mainly for exploratory or single well drilling. …
TNK-BP to Use More Local Contractors in New Projects
TNK-BP plans to use more local contractors and suppliers from its key regions of operation in its new large-scale projects in Russia. The Company has held a meeting with local contractors and suppliers in Krasnoyarsk Region, where Rospan International (a 100% subsidiary of TNK-BP) is working on a large-scale investment …
Bashneft: Net Income in Q1 Reaches US$ 444 million
The Bashneft Group, including JSOC Bashneft and its subsidiaries and affiliates, has announced its preliminary unaudited consolidated financial results for Q1, 2012 prepared in accordance with International Financial Reporting Standards (IFRS). Net income attributable to the parent company’s shareholders in Q1, 2012 amounted to US$ 444 million, thus exceeding the amount of Q1, 2011 by 20%. In Q1, …
Roxi Petroleum: Spuds NK-13
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at its Galaz Contract Area. NK-13 well was spudded on 28 May 2012. The well is planned to drill to a total depth of 1400 metres to appraise …
Vladimir Putin calls for Statoil to “Rapidly move forward” with Shtokman
Alexey Miller, Chairman of the Gazprom Management Committee reported today to Vladimir Putin, President of the Russian Federation on the progress with preparations for the first phase of the Shtokman field development. The meeting was also attended by Helge Lund, President and Chief Executive Officer of Statoil. The parties discussed a wide range of issues associated with the Final Investment Decision …
Tatneft: Bugulma Mechanical Plant Manufactured 1500, PC60 Chain Drives
1,500 PC 60 and 390 PC 80 balancer-free chain drives were manufactured at the Bugulma Mechanical Plant (BMZ) of OAO TATNEFT. Balancer-free chain drives manufactured by the Bugulma Mechanical Plant have been developed together with the experts of TatNIPIneft and are designed to drive downhole sucker rod pumps in the …
TNK BP Invests 15m on Advanced Training
TNK-BP is going to invest up to $15 million in 2012, twice as much as last year, into advance training of 3000 technical specialists, which is nearly a half of its engineering personnel, to improve their competencies. TNK-BP is implementing a full-scale program of advanced training of engineers for improving …
LUKoil: Income at 3.8bn USD – Debt Down by 1bn
LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2012. The Company’s net income was $3,789 million in the first quarter of 2012, which is 7.7% higher y-o-y. EBITDA was $5,346 million, which is 0.1% higher y-o-y. Sales revenues were $35,261 million (+19.0% y-o-y). Net debt …