The Board of Directors of Tatneft Summed up Results for the First Half of 2012
A regular meeting of the Board of Directors of OAO TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Almetyevsk on August 27, 2012. The meeting reviewed the budget execution of OAO TATNEFT for seven months in 2012 and approved the budget for September of …
Press Conference of General Director of Tatneft
A press conference of Shafagat Takhautdinov, the Company’s General Director, for representatives of federal and Tatarstan mass media was held on August 25. The General Director told the journalists about the major projects of the Company and their prospects. The General Director started the communication with journalists with the information …
Condor Petroleum Inc. provides update on its Shoba 7 Appraisal Well
Condor Petroleum Inc. provides an update on its Shoba 7 appraisal well (the “Well”) at the Zharkamys West 1 Contract Territory (the “Zharkamys Territory”) in Kazakhstan. The Well was drilled to core point at 730 meters. While tripping out of the hole for core barrels, an uncontrolled gas influx occurred in the …
TNK-BP to Cut Cost of Drilling 50 Wells in Orenburg through Technical Skills Enhancement Program
Orenburgneft (part of the TNK-BP Group of Companies) has improved the efficiency of its well drilling operations by cutting $15 mln off drilling costs since 2010 through a skills enhancement program for technical specialists. TNK-BP is implementing an extensive program of further training for its technical staff. By continuously improving …
Baker Hughes: LATIDRILL Water-Based Fluid System Improves Shale Drilling
Allows operators to drill faster and farther, performs as well as oil-based fluid systems Baker Hughes has introduced the LATIDRILL™ water-based drilling fluid system to help operators enhance wellbore quality and increase drilling efficiency in extended lateral sections in unconventional shale plays. The LATIDRILL system is more environmentally favorable than …
Exillon Energy plc: July Production Report and Drilling Update
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of July 2012 (“the Period”). · Average daily production[1] for the Group was 12,330 bbl/day during …
BP Second Quarter 2012 Results
BP today reported its quarterly results for the second quarter of 2012. Underlying replacement cost profit for the quarter, adjusted for non-operating items and fair value accounting effects, was $3.7 billion, compared with $5.7 billion for the same period in 2011 and $4.8 billion for the first quarter of 2012. …
Novatek reports preliminary operating data for the second quarter and first half 2012
NOVATEK reported preliminary production data for the second quarter and first half 2012. Gross production for the second quarter totaled 14.04 billion cubic meters of natural gas and 1.04 million tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.91 billion cubic meters, or by …
Figures Demonstrating Results of Our Operations in June and for Six Months of 2012
Crude Oil Production OAO TATNEFT produced 2,132,023 tons of crude oil in June or 100.1 percent versus June 2011 (+1,684 tons). The Company produced 12,913,231 tons In six months, which was 56,106 tons more than in 2011 (100.4 percent) with the above-the-plan production accounting for 287,017 tons (102,3 percent). The …
Krasnoleninsky Project – Exploration Drilling Update
International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”), an oil and gas exploration company with assets in Russia and Kazakhstan, announces that it has commenced drilling a new exploration well. The Company owns a 75% equity interest in the exploration rights to four blocks, covering a total area …