Eurasia Journal News

VOSTOK NAO: Starts Exploration Drilling at Yuzhno-Visovaya

Today VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District. The target depth of the well is 4,000 meters. A 3D seismic survey covering 103 km2 was acquired earlier …

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Conference and Exhibition News and UpdatesEurasia Journal News

RDCR 2016: Initial Speaker Line Up

The RDCR is pleased to announce the following speakers and companies for the 4th RDCR. www.rdcr.net Rob Tinkhof – Well Engineering Manager, Salym Petroleum Development B.V Vladislav Maratovich Tenishev – Senior Manager, Komi Pilot Projects, Lukoil Julian Bamgbose – Well Services Front End Design & Planning, Salym Petroleum Development B.V …

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Eurasia Journal News

GlobalData: Russian Oil Companies Looking to the Americas to Boost International Long-Term Positions

Key Russian oil companies have refocused on strengthening their international positions through the acquisition of exploration and production assets in geographies outside Russia, with countries in the Americas providing a number of potential partnerships in the long term, according to analysts with research and consulting firm GlobalData. – Following sanctions …

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Eurasia Journal News

Bashneft: Board of Directors Approves the Reorganization of the Burneftegaz Group

At the meetings held on December 9 and 10, the Board of Directors of PJSOC Bashneft approved the Company’s business plan for 2016 and a number of transactions forming part of the Company’s day-to-day operations. In accordance with a directive from the Government of the Russian Federation, the Board of …

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Russia Upstream Magazine

RPI: Drilling Quality, Not Quantity

In the Russian Federation 2014 became very significant in respect of qualitative change in the situation in the local drilling market. Firstly, the forecasts, only recently predicting fast growth of the open drilling market, did not come true. On the contrary, starting from spring of 2014 Rosneft built up its …

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Eurasia Journal News

Bashneft: Q2 Resulsts – Net Income Up to 17.9bn Rub

Today, Bashneft Group, which comprises PJSOC Bashneft and its subsidiaries and affiliates, has released its unaudited consolidated financial statements for the second quarter of 2015 and the six months ended June 30, 2015 prepared in accordance with International Financial Reporting Standards (IFRS). 2Q 2015 vs. 1Q 2015: – The Group’s …

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Eurasia Journal News

Alexey Lisovenko is Appointed Chief Financial Officer of Bashneft

the Board of Directors of PJSOC Bashneft has approved the appointment of Alexey Lisovenko as Vice President for Economics and Finance and Chief Financial Officer of the Company. Alexey Lisovenko has replaced Denis Stankevich, who took up the post of Bashneft’s First Vice President for Refining and Commerce in May this year. Alexey Lisovenko was born in 1972. In 1996 …

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Eurasia Journal News

Bashneft: Alexey Teksler Appointed Chairman of the Board

Today, the Board of Directors of PJSOC Bashneft has elected Alexey Teksler, the First Deputy Minister of Energy, as Chairman of the Board of Directors in accordance with a directive from the Government of the Russian Federation. Alexey Teksler was born on January 19, 1973 in Chelyabinsk. In 1995 he …

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Eurasia Journal News

Bashneft: H1 Results – Oil Production Up 12.4%

Oil production in Q2 2015 was 4,831 thousand tonnes, which is by 10.4% more than in Q2 2014. Strong growth of oil production in Q2 2015 was driven by 2,5% increase in production at brownfields — mainly due to commissioning of new wells and highly efficient geological and engineering operations …

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Eurasia Journal News

Bashneft: To Pay RUB 20.07 billion in Dividends

Today, the Annual General Meeting of PJSOC Bashneft approved the corporate annual report and annual financial statements, including the corporate profit and loss statement for 2014. The meeting of shareholders resolved to allocate RUB 20.07 billion out of net profits generated by PJSOC Bashneft in 2014 to pay dividends for …

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