Rosneft fully replaced its oil reserves in 2010
According to the audit results, as of December 31, 2010, Rosneft had estimated net proved reserves of 22,765 mln boe, which include 18,110 mln bbl (2,487 mln tonnes) of oil and 27,931 bcf (791 bcm) of gas under the PRMS classification. In 2010 the oil reserve replacement ratio was 106%. …
Tethys Petroleum Uzbek Well Flows Over 1,100 Barrels of Oil per Day
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL) today announced the initial results of testing on the NUR96H2 horizontal development well at the North Urtabulak field in Uzbekistan. The well has now been tested at over 1,100 barrels of oil per day (bopd) and is now being put on production. …
Tethys Petroleum Doris Phase 2 Oil Production Advances
Tethys Petroleum Limited (“Tethys” or the”Company”) (TSX: TPL) today announced that TethysMunaiGaz, its 100% owned Kazakh subsidiary, has signed a joint venture agreement to construct and operate a railoil loading terminal (“Terminal”) in Kazakhstan. It will be owned 50/50 with a new localpartner, Eurasia Gas LLP, who has strong experience …
Polarcus holds double vessel naming ceremony
Polarcus Limited (OAX: PLCS) is pleased to announce that it has held a double naming ceremony on 16 February 2011 for the Company’s newest vessels, POLARCUS SAMUR and POLARCUS ALIMA, to join the industry’s most modern 3D seismic fleet. The ceremony was held at the Drydocks World – Dubai shipyard …
Polarcus receives Letter of Award for 3D seismic acquisition
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Award for a 3D seismic acquisition project to be acquired by POLARCUS ALIMA, the fifth and latest vessel to join the Polarcus fleet and the second of the ULSTEIN SX134 design. The project will …
Polarcus – Capital Markets Day 2011: The right choices
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company is today holding a Capital Markets Day in Dubai, United Arab Emirates. Following the event, the participants will be attending a double-naming ceremony of the Company’s newest 3D vessels; POLARCUS SAMUR and POLARCUS ALIMA. Commenting on the event, Rolf …
Polarcus Fourth quarter 2010 report, Strengthening capacity and position
Polarcus Limited (OAX: PLCS) is pleased to announce the release of its fourth quarter and preliminary year end 2010 unaudited financial statements. With three vessels in operation in the fourth quarter, margins improved further compared to previous quarters. Economy of scale, solid operational performance and good utilization contributed to the …
Disposal of Well Support Division for $2.8 billion Return of cash of not less than $1.7 billion
Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than …
Rosneft discovers two new fields in East Siberia
Rosneft geologists have discovered two new oil & gas fields at the Sanarsky and Preobrazhensky license areas in East Siberia. Both areas are located in Katangsky District of Irkutsk Region, and were acquired by Rosneft at auctions in 2006 and 2007. The new field at the Preobrazhensky area has been …
Exillon Energy Reserve Update Feb 2011
Exillon Energy plc, a British independent oil producer with assets in two oil-rich regions in northern Russia, Timan-Pechora and West Siberia, is pleased to announce that Group 1P reserves increased by 40% to 112 million barrels, 2P reserves increased by 74% to 239 million barrels and 3P reserves increased by …