Eurasia Journal News

Gazprom Neft:  Reserves Replacement at 170%

Gazprom Neft has completed auditing of the company’s hydrocarbon reserves as at 2017. As at 31 December 2017 the company’s total proved and probable hydrocarbon reserves (proved + probable — 2P based on SPE-PRMS international standards,* including proportional shares in production at joint enterprises**) totalled 2.78 billion tonnes of oil equivalent (toe) — a year-on-year increase of 2.3 percent. Production volumes in 2017, at 89.75 mtoe, were compensated by reserves replacement in the …

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Eurasia Journal News

KMG EP: Reserve Replacement Ration at 8%

JSC KаzМunaiGas Exploration Production announces the results of an independent audit of liquid hydrocarbon reserves at the Ozenmunaigas JSC, Embamunaigas JSC, KazGPZ LLP and Ural Oil and Gas LLP (KMG EP share – 50%) fields as at 31 December 2016. The audit was performed by independent consultant DeGolyer and MacNaughton …

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Eurasia Journal News

KMG EP: Reserve Audit for 2015 Shows a 15% Increase in 2P Reserves

JSC KаzМunaiGas Exploration Production (“KМG EP” or the “Company”) announces the results of the estimates of liquid hydrocarbon reserves as at 31 December 2015 performed by independent consultant DeGolyer and MacNaughton (“D&M”). According to the D&M report proved plus probable (2P) reserves of liquid hydrocarbons as at 31 December 2015 …

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Eurasia Journal News

Rosneft: DeGolyer & MacNaughton Audit – Reserve Replacement Ratio At 124%

According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company’s hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth …

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Eurasia Journal News

Rosneft: DeGolyer & MacNaughton Audit – Reserve Replacement Ratio At 124%

According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company’s hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth …

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Eurasia Journal News

Rosneft: 2014 Reserve Replacement Ratio Running at 154%

Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. As to results of 2014, Rosneft confirmed its leading positions among world publicly traded companies in terms of proven hydrocarbon reserves and hydrocarbon resources. According to the results of the audit performed by DeGolyer & MacNaughton …

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Eurasia Journal News

Novatek: Reserve Replacement Running at 109%

OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2014. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,578 million barrels of oil equivalent (boe), including 1,747 billion cubic …

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Eurasia Journal News

Novatek: Reserve Replacement at 109%

OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2014. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,578 million barrels of oil equivalent (boe), including 1,747 billion cubic …

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Uncategorized

KazMunaiGas Exploration and Production: Releases Reserves Verification and Changes

JSC КаzМunaiGas Exploration Production is pleased to announce the result of the verification of reserves at 31 December 2011 and 2012 in the Ozenmunaigas, Embamunaigas and Ural Oil and Gas (50% ownership) fields. In summary, KMG EP will continue to use the reserves assessment made by Miller and Lents Ltd. …

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Uncategorized

Zoltav Resources: Koltogor Licence Update

Zoltav, the CIS-focused oil and gas exploration and development company, provides an update on operations during the 2013/14 drilling season. Highlights ·     Completed programme to acquire 466 square kilometres of 3D seismic and 71 kilometres of 2D seismic data across the Company’s Koltogor Licence in Khantiy-Mansisk, Western Siberia (the “Koltogor Exploration …

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