Exillon Energy: Production up 55% and Oil Processing Unit Fully Operational
Exillon Energy plc, a London listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), today issues its Interim Management Statement and April Production Report. The financial and production data are for the period from 1 January 2012 to …
Tatneft: Operation Results for April
Crude Oil Production OAO TATNEFT produced 2,128,087 tons of crude oil in April, while the production volume for four months amounted to 8,581,700 tons accounting for 56,819 tons increase versus 2011 (100.7%) with the above-the-plan production amounting to 187,498 tons (102.2%). The amount of 8,455,955 tons of crude oil was …
Lukoil starts active development at the West Qurna-2 field in Iraq
LUKOIL started production drilling and construction of a key production facility, namely a Central Processing Facility, at the West Qurna-2 field in Iraq today. Abdel Karim al-Luaibi, the Iraqi Oil Minister, and also the heads of the Basra province, Iraq’s South Oil Company, LUKOIL Overseas and of the major contractor …
TNK-BP Successfully Completes Its First Offshore Drilling Project on the Vietnamese Shelf
TNK-BP announced today that the group’s subsidiary TNK Vietnam has successfully completed the drilling of two development wells on the Lan Đỏ offshore field in Vietnam. TNK Vietnam began drilling operations on subsea development wells on January 14, 2012. Their construction on the Lan Đỏ field took 94 days to …
Max Petroleum: Drilling in the Asanketken Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that it has commenced drilling the ASK-J1 development well in the Asanketken Field in Block E. Total depth of the well will be approximately 1,370 metres, targeting Jurassic reservoirs. Source
Alliance Oil Company: Higher oil prices in upstream compensated lower volumes while downstream was supported by firm demand
Alliance Oil Company’s average daily oil production for the first quarter of 2012 amounted to 56,400 bopd compared to 45,800 bopd in the first quarter of 2011. In total, 5.1 mbbl were produced compared to 4.1 mbbl in the first quarter of 2011. Preliminary average daily refining volumes at the Khabarovsk refinery amounted to 74,900 bopd in the first …
Max Petroleum NUR-1 Drilling Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The well has reached the top of the Kungarian salt at a depth of 5,718 metres. Upon drilling …
Field Development Plan Being Specified at Block 245 South in Algeria
Rosneft-Stroytransgaz Limited (RN-STG), controlled by Rosneft and Stroytransgaz, is working jointly with Sonatrach, Algeria’s national oil company, to begin reservoir delineation at three earlier discovered deposits within Block 245 South in Algeria. The three deposits are East Takuazet, West Takuazet and North Tisselit. The aim of reservoir delineation is to …
Tatneft’s Q1 Drilling and Production Activity Up
Crude Oil Production OAO TATNEFT produced 2,199,075 tons of crude oil in March, while the production volume for three months amounted to 6,453,613 tons accounting for 59,622 tons increase versus 2011 (100.9 %) with the above-the-plan production amounting to 142,065 tons (102.3 %). The amount of 6,360,155 tons of crude …
Drilling and Production Technology: Past, Present and Future
Lopukhov A.N. OJSC Samotlorneftegaz Ph.D.Econ., Avanyan E.A. LLC Nitinoil Cand. Sc. Eng. Khalov M.O. MAI It is commonly accepted that the development of oil and gas deposits is the scientific process of extracting hydrocarbons and associated minerals from the subsoil. This process includes the drilling and production of the reserves. …