TNK-BP Invests $3 Billion in the Verkhnechonskoe Field Development
TNK-BP informs that the cumulative investment in the development of the Verkhnechonskoe field amounted to approximately 90 billion rubles. In 2012, the Company increased its investment in the project to 18.5 billion rubles, which is 4% higher compared to 2011. The Verkhnechonskoe field is a new hydrocarbons production center in …
Board of Directors approves Gazprom activities to arrange pre-development of Chayandinskoye and Kovyktinskoye fields
The Gazprom Board of Directors approved the Company’s activities to arrange pre-development of the Chayandinskoye and Kovyktinskoye fields and took notice of the information regarding their development prospects. Kovyktinskoye field Enlarge photo (JPG, 1 MB) The Management Committee was tasked to inform the Board of Directors on the interim results of these activities in the fourth quarter of 2013. Source
Development of the Russian Arctic Shelf: The Need for Accelerated Development Part 2
Vadim Kravets: leading Analyst Following on from Part 1 of this article which ran in issue 30 of ROGTEC, the article discussed how In early August 2012 the Russian government requested a revision of the draft Program for development of the Continental Shelf. On the whole, however, the government approved …
SPD Maximizes Efficiency of Salym Oil Fields Development
On November 26, Supervisory Board of Salym Petroleum Development N.V. (SPD) approved the go ahead for a pilot on using new technology that enables to enhance oil recovery by chemical flooding with ASP. The ASP field pilot will be undertaken in the Salym group of fields in Western Siberia in …
RPI: 2nd International Technical Symposium “Modern Technologies for Integrated Oil and Gas Development – 2012”
II International Technical Symposium Oct. 11, 2012, Baltschug Kempinski,Moscow “MODERN TECHNOLOGIES FOR INTEGRATED OIL AND GAS DEVELOPMENT2012” XI International Forum “SERVICES AND EQUIPMENT FOR THE RUSSIAN OIL AND GAS INDUSTRY2012” Oct. 12, 2012, Baltschug Kempinski,Moscow Unique opportunity to take part in the panel discussions on OFS MARKET INVESTMENT …
Bashneft initials the contract for exploration and development of Block 12 in Iraq
The Iraqi Ministry of Oil and the Consortium comprised of Bashneft (70%) and Premier Oil (30%) initialled the contract for geological exploration, development, and production at Block 12 today in Baghdad. The contract was submitted for approval from the Council of Ministers of the Republic of Iraq. The obligatory five-year geological exploration programme at Block 12 (which can be extended twice, …