Gazprom Neft Upbeat Over Arctic Oil as Prices Recover
Russia’s vast but challenging Arctic offshore oil resources have regainedtheir appeal due to the oil price recovery and, given time, are likely todevelop into the country?s key oil-producing region, according to GazpromNeft’s official responsible for Arctic projects. The state-run oil company operates Russia’s only producing Arctic offshore oilfield, Prirazlomnoye in the Pechora Sea, …
Urals Energy: 2017 Strategy – Considerable Step Up in Drilling Program
The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, today provides an update on its strategy for the first half of 2017. In addition the Company has today posted its corporate presentation on its website. Update on strategy The Company continues to prepare development …
Urals Energy: Aiming to Cautiously Ramp Up Activity in 2017
The board of Urals Energy PCL , the independent exploration and production company with operations in Russia, provides a post year-end update on trading for the year ended 31 December 2016 and the outlook for 2017. The Board also provides details of an intended capital reduction and share consolidation and a …
Urals Energy: Arctic Oil Purchase Loan Repaid Plus New Credit Open
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that further to the Company’s announcement on 23 August 2016, the loan provided by Kamchatcomagroprombank (“KKAPB”) for the acquisition of Arctic Oil Company Limited has now been repaid in full. Following the repayment …
Gazprom Neft: Third Oil Shipment from the Prirazlomnoye Field Delivered to Europe
The Mikhail Ulyanov tanker has delivered the third shipment of Arctic oil (ARCO) produced at the Prirazlomnoye field to consumers in northwestern Europe. Crude shipments from the field totalled approximately 200,000 tonnes in 2014. A fourth tanker is expected to be loaded with the new oil before the year-end. Prirazlomnoye …
Gazprom Neft: Millionth Barrel of Oil Produced at the Prirazlomnoye Field
The millionth barrel of the new oil, ARCO (Arctic Oil), has been produced at the Prirazlomnoye deposit. The second tanker to deliver the oil to North West Europe in the next few days is currently being loaded. The first tanker carrying oil from Prirazlomnoye set offfrom the deposit in April. A further two tankers will transport around one …