Tethys Petroleum Completes Tajikistan Acquisition
Tethys Petroleum Limited announced that it has completed the purchase of 34% of the shares in Seven Stars Energy Corporation from its Tajik joint venture partner Sangam Limited, and increased its shareholding to 85% (from 51%). Seven Stars Energy Corporation is the owner of the rights to the Bokhtar Production …
TNK-BP’s Board Directors Meeting: Greenfield Production and Dividend Up, Two Board Members Leave
The Board of Directors of TNK-BP Limited, the main holding company of TNK-BP Group, held a regular board meeting on 9 December, 2011. The members of the Board reviewed TNK-BP’s operational and financial performance in 2011 and noted that increased production at the Company’s greenfield projects, greater refining volumes as …
Exillon Energy Production Update Nov 2011
Exillon Energy, a British listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of November 2011. · Average daily production[1] for the Group reached 10,935 bbl/day during the period. · Average daily production …
The ROGTEC Interview: Colin Duff, Sales Director for Hardbanding Solutions Europe Ltd
What is your position in the company and how long have you held this position? I was appointed Sales Director when Hardbanding Solutions Europe Ltd was formed as a technical center for hardbanding products Duraband NC and Tuffband NC on 1st September 2011. Before that I held the position of …
Basin Modeling in Alaska & the Outlook for Siberia
Schenk, O., Spahic, D., Bird, K.J., and Peters, K.E. Basin and petroleum system modeling is an indispensable tool used to examine the dynamics of sedimentary basins and their associated fluids, in order to evaluate if past conditions were suitable enough for the generation of hydrocarbons, which ultimately could have been …
TNK-BP: Managing Exploration Risks & Uncertainties
Alexander Fokin, Acting Exploration Assurance Dept. Director, International Projects and Exploration Division Group, Upstream The concepts of ‘exploration risk’, ‘uncertainty’ and ‘probabilistic evaluation’ play a key part throughout the exploration process. These are critical factors that provide the basis for planning, assessment of exploration and appraisal (E&A) success rate, screening …
Blackbourn Reports: Petroleum Geology of the Pre-Jurassic
Graham Blackbourn: Blackbourn Geoconsulting II.2.1 Palaeozoic In some central and southern parts of the West Siberian Basin (WSB), oil and gas shows are widespread and numerous accumulations have been discovered in weathered and fractured mid and late Palaeozoic rocks below the Jurassic unconformity, especially on structurally high areas adjacent to …
Rosneft: Reservoir Interpretation Increases Drilling Efficiency
R.I. Abdrakhimov, R.R. Galiyev, D.D. Suleymanov T.S. Usmanov, Chem.Dr. (LLC “RN-UfaNIPIneft”) I.S. Afanasyev, Physics-Math. Dr. (OJSC “NC “Rosneft”) Introduction The Neocomian section in Western Siberia was formed through the gradual lateral infilling of debris into a relatively deep sea basin. For most of the territory, the source of the debris …
IBM and Skolkovo Foundation Join in Efforts to Drive Innovation in Russia
IBM (NYSE: IBM) and the Skolkovo Foundation, a non-profit organization founded by the Russian Government, have signed two agreements aimed at driving innovation in Russia. As part of the first agreement IBM will establish a Science and Technology Center within the future Skolkovo Innovation Center in Moscow. IBM estimates that …
Max Petroleum: ASK-2, Triassic Duster
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced today that the ASK-2 well has been drilled to a total depth of 3,412 metres without encountering any viable reservoirs in the deeper Triassic section, which was the primary objective. The well will now be …