Rosneft Publishes Operating Results for Q3 and 9M 2018
Upstream Hydrocarbon production amounted to 72.4 mmtoe (5.83 mmboed) in Q3 2018 and 211.8 mmtoe (5.75 mmboed) in 9M 2018, exceeding the level of Q2 2018 and 9M 2017 by 3.3% and 0.5% respectively. EFFICIENT PRODUCTION RECOVERY RESULTING FROM OPEC+ LIMITATIONS EASING Q3 2018 AVERAGE DAILY HYDROCARBON PRODUCTION REACHED 5.83 MMBOE, DEMONSTRATING …
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 …
Closure Interview, Denis Ivanov, General Director for Nabors Russia
What is your position and how long have you been in the company? I am the General Director for Nabors Russia. I have been working for Nabors for more than 3.5 years. How long has your company been operating in Russia? Nabors is successfully working in Russia for almost 10 …
EU Sanctions Increased Including: Unconventional Drilling, Well Testing and Logging Services.
Strengthened EU sanctions against Russia will enter into force upon the publication of the legal acts in the EU Official Journal on the 12/9/2014. They include the following measures: Restrictions on Russia’s access to EU capital markets have been strengthened. EU nationals and companies may no more provide loans to …
Tatneft: Operational Update – Production Marginally Up, Large Reduction on yoy Drilling
Crude Oil: Production The amount of 2,228,079 tons of crude oil or 100.4 percent versus August 2013 was produced at JSC TATNEFT, while the production since the beginning of the year amounted to 17,441,513 tons, which was 71,968 tons more than in 2013 (100.4%). New Drilling The new drilling penetration …
Rosneft and Statoil Start Exploration Operations on the Norwegian Continental Shelf in the Barents Sea
18th of August, Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713 prospect in the Norwegian section of the Barents Sea. The first exploration well Pingvin-1 will be drilled by the Transocean Spitsbergen rig. The water depth is 422 meters and the drilling …
Surgutneftegas Operating Results for seven Months of 2014
In January-July 2014, Surgutneftegas produced 35,630 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 4,378.3 thousand tonnes, 5% up versus seven months of the last year. For ten years of operation in Eastern Siberia, oil production reached 30,000 thousand tonnes.In …
Rosneft Closes the Deal for the Acquisition of Oil Field Services from Weatherford International
Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela The closure marks the realization of the agreement signed in July 2014 by Rosneft and Weatherford International plc. Rosneft acquires 8 companies (part of the Weatherford group) involved …
Roxi Petroleum Announces its Audited Final Results for the Year Ended 31 December 2013
Highlights for 2013 and to date in 2014: Operational *Successful shallow drilling campaign at BNG *Commencement of first deep well at BNG *Currently aggregate production across the portfolio 2900 bopd gross (1212 net to Roxi) Financial *US $40m equity commitment secured in January 2013 at 7.41p per share of which …
Surgutneftegas: Operating Results for Five Months of the Current Year
In January-May 2014, Surgutneftegas produced 25.359 million tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 3.080 million tonnes, 5% up versus five months of the last year.In January-May 2014, overall gas production amounted to 3,935.3 million cubic meters. For the year to …