exploration

KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces results of extraordinary general meeting held on November 6, 2012. Shareholders voted for amendments to the Company Charter, approved Company’s revised Corporate Governance Code and repealed the old one. Materials on the extraordinary general meeting agenda are available on the www.kmgep.kz …

LUKOIL has acquired a 25% stake in the geological exploration, development and production project at the SL-4B-10 offshore block in the waters of the Republic of Sierra Leone in the Gulf of Guinea. LUKOIL acquired this stake from Canada’s Talisman Energy, the project operator. The other project parties are Malaysia’s Petronas (25%) and Britain’s Prontinal Ltd (20%). The block, with …

Gazprom Neft has acquired LLC Korsar, the sole member of LLC Zhivoi Istok, and as a result established control over LLC Zhivoi Istok, which holds licenses to explore and produce oil at the Baleykinsky field and to survey the Uranskaya acreage. Both license areas are located in the Orenburg Region, …

Rosneft and Gazprom have signed a cooperation agreement to create and jointly operate offshore field development infrastructure. The agreement was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, and Alexei Miller, Chairman of the Management Board at Gazprom, in the presence of Russian Prime Minister …

Cadogan Petroleum plc (“Cadogan” or the “Company”), an independent oil and gas exploration, development and production company with onshore gas, condensate and oil assets in Ukraine, announces its unaudited results for the six months ended 30 June 2012. ·     Continued production from the Zagoryanska, Debeslavetska and Cheremkivska licences at a combined …

Schlumberger today launched ReSOLVE* instrumented wireline intervention service, a modular system of intelligent wireline-deployed services that provides real-time measurement and control in a small footprint. “The downhole intelligence of ReSOLVE services enables our customers to see intervention operations at a level of detail not previously possible,” said Catherine MacGregor, president, …

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 …

Rosneft has begun exploration work at the East Prinovozemelsky 1 and 2 license blocks in the Kara Sea. Geological surveying has been started one year ahead of the license schedule. Work will run through October 2012. RN Shelf Far East, a Rosneft subsidiary, will carry out the work. 3D seismic on …

Alliance Oil Company has transferred its upstream company Saneco to the joint venture with Repsol. Repsol contributed $37 million in cash to the joint venture and paid $36 million in cash to Alliance Oil. Alliance Oil holds a 51% stake and Repsol has a 49% stake in the joint venture. …

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, …