exploration

Rosneft starts field seismic prospecting at the license blocks Lisyansky, Kashevarovsky and Magadan-1. Rosneft holds geological study at the blocks jointly with its partner Statoil ASA (Norway). Currently 2D seismic along with shipborne gravity magnetic survey are planned for the blocks. The data is to be collected by geophysical methods …

Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia, today announced its work programme in Kazakhstan for the second half of 2013. Forward Work Programme: • AKD08 (“Doto”) Exploration well to spud in early August • Further oil exploration wells planned after Doto results …

Implementation of a comprehensive program for geological survey of subsoil allowed the Company to double the replacement of C1 oil reserves (124 million tonnes) against the annual production level (61.4 million tonnes). In 2012, OJSC «Surgutneftegas» carried out exploration in 90 license areas (including 23 exploration areas) in 8 constituent …

Advanced science for exploration, development and production with enhanced collaboration and productivity enables workflow standardization. Schlumberger today announced the release of the 2013 Petrel* E&P software platform delivering integrated analysis from exploration to production. Petrel 2013 brings advances in integration, multiuser collaboration and applied science, including improved petroleum system modeling, …

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, issues its Interim Management Statement in accordance with the EU Transparency Directive. The statement covers the period from 1 January 2013 to date. The financial, production and drilling results data are for the period from …

Exillon Energy plc, a London Premium listed 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 for the three month period ending 31 March 2013 (the “period”). Highlights ·     Average daily production of 14,869 bbls/day …

Recoverable reserves of Suzunskoye field increased almost 15% reaching 44.9 mln tonnes of oil. Revaluation was conducted after drilling of an additional well, which gave flow rate of 281 tonnes per day. Supplementary exploration was conducted after specialists of Tyumen Oil Scientific Center thoroughly researched geological peculiarities of Suzunskoye field …

On April 17, 2013 Rosneft and Marubeni Corporation signed Memorandum of Cooperation in LNG project implementation and joint exploration and development of oil and gas fields. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Fumiya Kokubu, Marubeni Corporation President and CEO, Member …

For 2013, Alliance Oil Company plans to further reduce upstream capital expenditures to 250-290 MUSD[1] and focus on organic development of production assets in all regions, launching gas production in the Tomsk region and evaluating exploration potential in the Timano-Pechora region. Downstream capital expenditures are budgeted at 430-490 MUSD[2], essentially in line with 2012 …

In 2012, Alliance Oil Company’s total upstream volumes increased by 10% to 19.7mbbl (53,900 bopd) from 17.9 mbbl (49,000 bopd) in 2011. The preliminaryrefining volumes in 2012 increased by 13% to 29.3 mbbl (80,100 bopd) from 26.9 mbbl (73,650 bopd). Preliminary crude oil and oil product sales amounted to 19.3 mbbl and 29.9 mbbl respectively in …