Alliance Oil: Nearly Doubles Upstream Production in 12 Months
Average daily oil production in the Timano-Pechora region amounted to 22,600 bopd in the second quarter of 2012 compared to 12,100 bopd in the second quarter of 2011. Oil production in the Volga-Urals region and Kazakhstan amounted to 22,500 bopd in the second quarter of 2012 compared to 21,200 bopd …
Alliance Oil: Revenues up 20% Profit up 57%
The first quarter of 2012 was positive both in terms of the macro environment and the performance of the Company’s upstream and downstream segments. The price of Urals increased by 7.5% quarter-on-quarter. The Russian Rouble strengthened against the US Dollar by 3.1%. Alliance Oil Company’s average daily oil production amounted …
Alliance Oil annual report for 2011
Supported by higher oil prices and increased demand for oil products, Alliance Oil Company’s operations further expanded in 2011. Oil production, refining volumes and the financial results reached the highest levels in the Company’s history and significant achievements were made towards the long-term development of the business. In the upstream …
Alliance Oil: Oil Production Up 12% and EBITDA Up 57%
In 2011, the improved macro environment supported our operations and financial performance. The price of Urals increased by almost 40% year-on-year and the Russian Rouble strengthened against the US Dollar by 3.2%. New tax initiatives aimed at stimulating Russian upstream production and enforcing refinery modernizations were adopted last year. Alliance Oil Company’s oil production …
Alliance Oil Reserve Replacement 154% in 2011
Alliance Oil Company Ltd’s total oil reserves increased by 1.8% to 996.9 million barrels (978.8 million barrels). The Company replaced 153.6% of the total 2011 oil production by adding net proved and probable (2P) oil reserves of 9.6 million barrels (net of 17.9 million barrels produced in 2011) through exploration and development as well as reserve revisions. The Kolvinskoye …
Alliance Oil 2011 Review and Statement
Market conditions remained favourable during the third quarter of 2011. The Urals was trading above 100 USD per barrel with minor decreases quarter-on-quarter. The Russian Rouble depreciated against the US Dollar. The financial results in the upstream segment were up due to increased production. In the third quarter, the downstream …
Alliance Oil increases production by 38%
Alliance Oil Company’s total upstream volumes for 2011 increased by 12% to 17.9 mbbl (49,100 bopd) from 16.0 mbbl (43,800 bopd) in 2010. The full year development and exploration program resulted in 56 new wells. The preliminary refining volumes in 2011 increased by 13% to 26.9 mbbl (73,700 bopd) from 23.7 mbbl (64,900 bopd). …
ALLIANCE OIL AND REPSOL REACH AN AGREEMENT TO FORM AND GOVERN RUSSIAN EXPLORATION AND PRODUCTION JOINT VENTURE
Alliance Oil Company Ltd and Repsol Exploración, S.A. have reached an agreement to form and govern a joint venture for exploration and production growth in Russia. Further to the agreement, Alliance and Repsol envisage establishing a joint venture with a total asset base of approximately $840 million following asset and …
Alliance Oil Nominate the Committee for the Annual General Meeting 2012
In accordance with a resolution at the Annual General Meeting in 2011, Alliance Oil Company Ltd’s nomination committee shall be appointed by the four largest shareholders in the company. The four largest shareholders in Alliance Oil Company Ltd are Betino Investments Limited, Alliance Group OJSC, Alliance Capital OJSC and Repsol Exploracion S.A. These four …
Alliance Oil starts up the Kolvinskoye oil field
Alliance Oil Company Ltd has completed infrastructure development and launched production at the Kolvinskoye oil field. The Company started to fill up a 146-kilometer pipeline from the Kolvinskoye oil field to the Kharyaga terminal where it joins the Transneft trunk pipeline via the existing Lukoil transportation facilities. Oil preparation facilities and oil custody transfer …