Max Petroleum: Zhana Makat Well Strikes Oil and Zhanros Drilling On The Move
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-E7 development well in the Zhana Makat Field has successfully reached a total vertical depth of 997 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company …
Ruspetro Spuds Second Horizontal
Ruspetro plc is pleased to announce that it has spudded its second horizontal well (number 251) from Pad 23b having completed drilling of the horizontal section of the first well, number 214. Production from well 251 is expected in August 2014. Well 214 is currently being completed with first production …
Shelton Petroleum AB: Board of Directors Recommends Not to Accept Petrogrand’s Offer
On 21 March 2014 Petrogrand announced a public cash offer to acquire all shares of series A at a price of SEK 18.6 per share, all shares of series B at a price of SEK 18.6 per share, all convertible bonds of series 2013/2014 at a price of SEK 17.5 …
Polarcus: Mobilizes for Fedynsky in the Russian Arctic
Polarcus, in collaboration with Russia’s Dalmorneftegeophysica (“DMNG”), has mobilized for the 3,000 sq. km high-density broadband Fedynsky 3D survey in the Russian Barents Sea. Polarcus Nadia departed Kirkenes, Norway, on 07 June for the project area. This project forms part of the Company’s existing backlog that has been previously announced …
Petrogrand: Shelton Petroleum Rebuffs Share Swap Offer
The Board of Petrogrand believes that the ongoing dispute between Petrogrand and Shelton Petroleum is negatively affecting both companies and their shareholders and the Board of Petrogrand is continues to work hard to find a settlement between the companies. In an attempt towards resolving the dispute, Petrogrand sent on May …
Roxi Petroleum Announces its Audited Final Results for the Year Ended 31 December 2013
Highlights for 2013 and to date in 2014: Operational *Successful shallow drilling campaign at BNG *Commencement of first deep well at BNG *Currently aggregate production across the portfolio 2900 bopd gross (1212 net to Roxi) Financial *US $40m equity commitment secured in January 2013 at 7.41p per share of which …
Surgutneftegas: Operating Results for Five Months of the Current Year
In January-May 2014, Surgutneftegas produced 25.359 million tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 3.080 million tonnes, 5% up versus five months of the last year.In January-May 2014, overall gas production amounted to 3,935.3 million cubic meters. For the year to …
Volga Gas: For Sale – One Careful Owner
The Board of Volga Gas has been exploring strategic options for the business, including seeking potential offerors for the Company by means of a “formal sale process” pursuant to the City Code on Takeovers and Mergers (the “Code”) under which the Board of Volga Gas is able to have discussions with third …
Igor Sechin Delivered an Address at Arctic Development Roundtable Led by the Russian President
On June 5, Igor Sechin, President and Chairman of the Management Board, Rosneft took part in a session of a roundtable on efficient and safe development of the Arctic in St. Petersburg. The roundtable involves researchers and business community representatives and is led by Russian President Vladimir Putin. The session …
ERIELL Group Successfully Completed Drilling of Dour Wells in the Republic of Bangladesh Under the Contract with Gazprom International
ERIELL Group completed drilling of 4 directional wells of 3,532 — 3,880 meters in depth at Titas field in the Republic of Bangladesh under the contract with Gazprom International. The wells were constructed using the drilling rig ZJ-70 LDВ-450. Titas is not the only project of ERIELL in Bangladesh. Wells Shrikahil-3 (3,350m), Bekumgandzh (3,565m) and Semutang (3,032) have been drilled to date. In progress …