Max Petroleum Successful Confirmation Well Drilled in Uytas Field
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-2 confirmation well in the Uytas Field has reached a total depth of 820 metres, with electric logs indicating 12 metres of net oil pay in the Cretaceous section …
Max Petroleum New Oil Discovery in East Kyzylzhar I
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the KZIE-1 exploration well in the East Kyzylzhar I prospect has reached a total depth of 1,620 metres, with electric logs indicating 17 metres of net oil pay in two …
International Petroleum Operational Update: Discovery of oilfield at the Krasnoleninskiy Project and MOU signed
International Petroleum Limited, an oil and gas exploration company with assets in Kazakhstan and Russia, is pleased to update the market on recent activities. Discovery of oilfield at Krasnoleninskiy Project The Company has discovered an oilfield at Well No. 2 at its Krasnoleninskiy Project in Western Siberia. The volume of oil …
Schlumberger Introduces New High-Temperature ESP System
Schlumberger announced today the release of its third-generation REDA* HotlineSA3* high-temperature electric submersible pump (ESP) system for steam-assisted recovery operations and geothermal applications. This latest release enables operators to further improve economics through increased recovery factors and early production while reducing downtime and intervention costs. “The REDA HotlineSA3 system can …
Integra secures a new credit line to refinance its short-term debt and finance the development of the Company’s business
Integra Group secured a new credit line in the West-Siberian Bank of Sberbank of Russia in the amount of RR 6 billion. The tenor of the line is 7 years, with repayment starting from the 5th year of the loan. The loan is secured by equity stakes in two operating …
TGS Announces Q2 2011 Revenues of USD 136 Million
TGS reports net revenues of USD 136 million in Q2 2011, compared to USD 112 million in Q2 2010. Investments and the corresponding pre-funding revenues were significantly lower in Q2 2011 than in Q2 2010 due to the expected back end loaded investment plan, as previously communicated to the market. …
Petroneft Resources Discovery of Significant New Oil Field at Sibkrayevskaya
PetroNeft Resources plc (AIM: PTR), the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce its largest single discovery to date, a new oil field at Sibkrayevskaya in Licence 61. Highlights: • Sibkrayevskaya No. 372 well makes significant oil discovery in main Upper …
Baker Hughes Unveils Large-diameter Rotary Sidewall Coring Technology
Baker Hughes (NYSE:BHI) has commercialized its MaxCOR™ sidewall coring service, a large-diameter rotary sidewall coring tool that recovers 1.5-inch (3.8-centimeter) diameter cores in extreme environments, including high-pressure and high-temperature formations. The MaxCOR sidewall coring service acquires core with more than three times the volume in about the same amount of …
Caspian Oil & Gas West Mailisu 2 Well Encounters Further Oil Shows
Caspian Oil & Gas Limited reports that the well has penetrated all of the primary targets in the West Mailisu #2 well. The West Mailisu #2 well is on Caspian’s 100%-owned West Mailisu licence in the Kyrgyz Republic, Central Asia. Fluorescence and gas shows were encountered from the top of …
Polarcus 3D siesmic acquisition for the Bjarmeland Platform in the Barents Sea
Polarcus Limited is pleased to announce that the Company will commence acquisition imminently of a 3D multi-client project over the Bjarmeland Platform in the Barents Sea, offshore Norway. The project, with the potential to cover an area of up to 1,100 square kilometers, is supported through strong industry pre-funding. The …