Max Petroleum: 1st May Production Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on production. Asanketken The ASK-2 well in the Asanketken Field has begun testing in a Jurassic reservoir from depths between 1,302 and 1,305 metres, producing at a stable rate of 616 barrels of …
TNK-BP to Invest $12 mln in Verkhnechonskoe Exploration in 2012
TNK-BP reports Verkhnechonskneftegaz (VCNG) (a TNK-BP Group company) will allocate more than $12 mln for exploration in Verkhnechonskoe field in 2012 to add reserves. The work program includes drilling of 18 prospect/water wells and seismic exploration. Verkhnechonskoe field is a new hydrocarbon production center in East Siberia and a major …
TNK-BP: Christopher Einchcomb Appointed Senior Vice President, Exploration
In his new position, Christopher will be responsible for exploration projects of the Company in and outside Russia. Christopher has 30-year experience in exploration and production of hydrocarbons. Since August 2011 to date, Christopher has been working in TNK-BP as Vice President, International Projects and Exploration and in 2006–2008 as …
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. …
Arctic Exploration: Industry’s Cold Feet Begin to Thaw as Activity Hots Up
Mark Thomas The fact that the Arctic offshore contains huge estimated oil and gas reserves is nothing new, despite the relatively small amount of hydrocarbons currently being produced from its waters. But a gradual thawing in the arguments against why responsible exploration and development activity cannot take place has brought …
Developing Shtokman: Mitigating the Environmental Impact
Marat Sharifullin, Deputy Technical Director for Environment, Shtokman Development AG Ensuring environmental safety is one of the main conditions when developing large oil and gas projects in the Russian arctic, and this especially applies to the Shtokman gas condensate field (SGCF) development project in the Barents Sea. The Shtokman project …
Challenges in Developing the Russian Arctic
M.A. Kuznetsov, K.K. Sevastyanova, S.A. Nekhaev, P.V. Belyaev, P. A. Tarasov, Ph.D. Ph&M LLC RN-SakhalinNIPImorneft Introduction Rosneft owns a number of licenses for developing Russian continental shelf deposits, including those located in the arctic and subarctic regions. Among the principal difficulties related to the execution of projects in the Arctic …
International Petroleum Completes VostokNeftegaz Purchase
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to update the market on the completion of an acquisition and the revision of the terms of a disposal. Acquisition of the Druzhny Project – Western Siberia, Russia On 4 November 2011, the …
TNK-BP: Managing Exploration Risks & Uncertainties
Alexander Fokin, Acting Exploration Assurance Dept. Director, International Projects and Exploration Division Group, Upstream The concepts of ‘exploration risk’, ‘uncertainty’ and ‘probabilistic evaluation’ play a key part throughout the exploration process. These are critical factors that provide the basis for planning, assessment of exploration and appraisal (E&A) success rate, screening …
Tethys Petroleum – Tajikistan Operations Update
Tethys Petroleum Limited today gave an update on its operations in the Republic of Tajikistan. Testing operations are underway on the East Olimtoi EOL09 exploration well located south of the town of Kulob some 10 km north of the Afghan border. This well reached a total depth of 3,765 metres …