Slavneft: Audited Reserves – Gas up 6.8% Oil Down 0.2%
As of December 31, 2013, Slavneft‘s audited proven oil reserves under USA Securities and Exchange Commission’s (SEC) LOF (life of field) methodology amounted to 1646.9 mln bbl. The Company’s proven profitable oil reserves decreased by 3.5 mln bbl or 0.2%, as compared to 2012. Slavneft’s SEC LOF gas reserves amounted …
Gazprom Neft Boosts 2P Reserves Replacement Level to 367% in 2013
Gazprom Neft’s total proved and probable (2P) hydrocarbon reserves (including the Company’s share in joint ventures) as of 31 December 2013 amounted to 2.29 billion tonnes of oil equivalent, according to the SPE-PRMS international standards*, a 7.7% increase on the end of 2012. Category 2P oil reserves reached 1.7 billion …
Rosneft Reserve Replacement Ratio Nears 180%, Hydrocarbon Resources Reach 339 billion BOE
Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. In 2013, Rosneft once again confirmed its positions as a world’s leader among publicly traded companies in terms of proven hydrocarbon reserves and hydrocarbon resources. According to the results of the audit performed by DeGolyer & …
The ROGTEC Interview Thomas Reed, CEO of Ruspetro
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 …
International Petroleum: Extends Alakol Project by 2 Years
International Petroleum Limited, advises its shareholders that , along with its 50% partner, it has signed a contract to extend its rights to explore for hydrocarbons in an area covering 24,649 km² in eastern Kazakhstan ( Alakol Project ) by two years from 28 May 2013 to 28 May 2015 …
International Petroleum: First Production and Sales of Oil
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that it has commenced production and sales of oil from well number 52 at the Zapadno-Novomolodezhny field. During August 2011, the Company entered into an agreement to acquire Vamaro Investments Limited (“Vamaro”). …
Slavneft Announces 2011 International Reserves Audit – Reserve Replacement at 105%
As of December 31, 2011, the audited proved recoverable oil reserves of OAO NGK Slavneft estimated under SEC LOF (U.S. Securities and Exchange Commission), excluding the licenses validity, made 1,642 mln bbl. The Company’s proved reserves increased by 6.2 mln bbl, or 0.4% vs. 2010. The Holding’s reserves replenishment rate …
Gazprom Neft Increases Hydrocarbon Reserves by 9% in 2011
As at 31 December 2011, the total “proven” and “probable” (2P) reserves of Gazprom Neft group under PRMS international standards amounted to 11.577 billion barrels of oil and 15.720 trillion cubic feet of gas, which translates into 14.197 billion barrels of oil equivalent. Compared with the end of 2010, Gazprom …