Bazhenov

Gazprom Neft and Schlumberger have signed a supplement to their Framework Agreement on Technology Cooperation*, which was made in 2011. The companies expand cooperation to achieve greater efficiency in development of hard-to-extract shale oil reserves, mainly from Bazhenov deposits in Western Siberia. In the near future, the companies will cooperate …

Rosneft and ExxonMobil today signed documents establishing a joint venture to implement a pilot project for tight oil reserves development in Western Siberia as part of the implementation of the agreement on strategic cooperation. Rosneft will hold 51 percent interest and ExxonMobil will hold 49 percent interest in this project. …

Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, and Helge Lund, Statoil CEO. This is another significant step forward following the Heads of Agreement …

Thomas Reed, CEO of Ruspetro and a founding shareholder. Prior to joining the Group Mr Reed was a private equity and M&A advisor and investor based in Moscow. Since 1995 he has been involved in the origination, trading, and research of different classes of assets, such as equity and equity …

Alexander Kalugin, Geology and Drilling Department, LUKOIL-AIK                                                                          Iskander Kazbulatov, Wireline Engineer, Weatherford                                          Anna Rubtsova, Borehole Seismic Geophysicist, Weatherford Microseismic monitoring is one of the most efficient methods for hydraulic fracturing mapping. Its principle is based on monitoring micro-earthquakes in the strike-slip fault zones at the fracture propagation direction, or …

Although the development of unconventional resources is a challenging task, the need to focus on this area is becoming ever more important. As a result, new and improved technologies are being implemented to produce more hydrocarbons from unconventional fields. At RITEK, we are working hard on innovative methods that will …

Aleksey D. Alekseev  Senior Petrophysicist of Salym Petroleum Development N.V., Ph.D. (Geoscience) This article looks at the work performed by Salym Petroleum Development N.V. (SPD) for the pilot development of the Bazhenov Formation. The research program has helped to identify key geological features of the Bazhenov Formation of the Upper …

Ruspetro plc today announces that the Company has signed a technical partnership agreement with Schlumberger, the world’s leading oilfield services company, to advance its field development plan and drill a number of horizontal, multistage fractured wells using best-in-class tight oil technology and technical expertise. The technical partnership covers the following …

David Bamford, Finding Petroleum It is fashionable to identify deepwater – especially in the South Atlantic, unconventionals – especially in North America, and the Arctic – offshore Alaska, Russia, perhaps Greenland – as the ‘hot spots’ in the current global exploration scene. Onshore exploration remains unfashionable or it least so …

Kirill Strizhnev, Head of «Challenging Reserves» project office for Gazprom Neft’s Directorate of the exploration and resource base development Modern global estimates of unconventional hydrocarbon reserves all point to huge development potential. Currently, unconventional oil and gas production only account for about 1% of global output, however the development of …