Gazprom Neft: 9M Results – Production Up 22%, EBITDA Up 9.3%
Gazprom Neft has published its consolidated financial results for 9M 2015, prepared in accordance with International Financial Reporting Standards (IFRS). Rising hydrocarbon production, retail sales and efficient management drove a Y-o-Y increase in adjusted EBITDA* of 9.3% (RUB 312 bln) for 9M 2015. A 0.6% Y-o-Y decline in sales was …
ERIELL Group: Direction Drilling at the Urengoy Field – Drilling Smarter
The ERIELL Group has worked at the Urengoy Oil and Gas Condensate Field since the beginning of 2013. The first wells drilled were not successful, however, after reviews and a radical replacement of drilling technologies the wells were delivered within half of the contracted times. The construction complexity of subhorizontal …
Eriell Group Sets New Records in Western Siberia Arktikgaz Project
ERIELL Group is surpassing its own records in the ARKTIKGAZ Project, Urengoy oil and gas condensate field. So, in June of this year two wells were drilled in 76 and 70 days with 24 and 30 days respectively ahead of schedule. It was the first time when assemblies for the completion of multi-stage hydraulic fracturing were used in Achimov deposits as well as three-stage hydraulic …