Editors Notes: ROGTEC Magazine Issue 16

Dear Readers,

Welcome to the first issue of ROGTEC in 2009; I hope all of our readers have had a good start to this challenging year, and are looking forward to the calmer waters that lie ahead.

I spoke a little while ago with an operations manager in Western Siberia, and on the subject of the current economic climate he said “Nick, don’t worry my friend, 2 things you have to consider; one we are in Russia, and two we are in a credit crunch proof industry!” I do sometimes wonder if he regrets these words. In reality, the industry has been suffering, indeed budgets and projects have been cut in some areas. It is also true that with the uncertainty surrounding the price of the barrel no one can actually predict, at least with any confidence, what will happen next.  But what most people do agree on is that without continued and further investment in the oil field today we will suffer the consequences of supply shortages in the years to come. This will result in a spike in price and more uncertainty: let us hope investment increases during the coming quarters and we get back to some semblance of normality.

Back to this issue ROGTEC Magazine, we kick off the first issue of the year with an exclusive interview with Harry Brekelmans, CEO of Salym Petroleum Development; along with giving a great insight into their bright outlook for the future, he discusses technology implementation for their drilling activity and how western technology and Russian know how is working in perfect harmony.

We are also pleased to announce a new relationship with Rosneft which this will see quality technology articles being published in our magazine. In this issue they look at their innovative geophysical technology. TNK-BP are looking at the development of the Uvat fields, using the latest technologies to succeed where others have previous failed. With Stroytransgaz focusing on their pipeline welding technology, we have another great issue of the regions leading oil and gas technology publication.