Platts: Russia’s North Pole and Arctic Limits
Calling the oil resources of the Arctic vast is a bit like calling the weather there chilly. It is understandable why a nation would want to claim as much of it as possible. Yet the challenges to harvesting its wealth are also vast, which makes Russia’s move to owning a …
Platts: Russia's North Pole and Arctic Limits
Calling the oil resources of the Arctic vast is a bit like calling the weather there chilly. It is understandable why a nation would want to claim as much of it as possible. Yet the challenges to harvesting its wealth are also vast, which makes Russia’s move to owning a …
Rosneft Drills a Record-breaking Well in Venezuela – Depth 347m Horizontal Section 1,500m
Rosneft, as part of a PetroMiranda JV including PDVSA and Gazprom Neft, has drilled an unprecedented horizontal well GG1-14 at the Junin-6 block. The well is unique for the shallow depth, only 1,140 feet or about 347 meters, of the reservoir interval and the length of horizontal section 4,920 feet …
Return to Achimov: A Comparison of the Achimov and Neocomian Beds in the Noyabrskiy Region
Kirill Nikolayev Unclaimed Reserves The Achimov suite is the lowermost level of the Lower Cretaceous deposits overlying the Jurassic play. Its geological structure is complex, and that is why it took some time to start developing the Achimov. In some fields exploration activities to estimate the Achimov deposits and the …
Gazprom Neft Reports IFRS Financial Results for 1H 2015
Gazprom Neft has published its consolidated financial results for 1H 2015, prepared in accordance with International Financial Reporting Standards (IFRS). The 1.4% year-on-year decline in revenues (including duties)* was due to a drop in prices for oil and oil products on global markets. In spite of this, the growth in hydrocarbon production and sales volumes via premium channels drove a 12% increase …
Integra-Services: Wins Completions Contract for the Vostochno-Messoyakhskoye Field
Integra-Services LLC affiliated to the Integra Group has signed a long-term contract on casing and liners cementing and installment of cement plugs at the Vostochno-Messoyakhskoye deposit. Integra-Services specialists will perform works on the wells from March 2015 till 2017 with the perspective to extend the contract for another three years. …
Rosneft: Delivers First Production Well for the East-Messoyakha Field
Rosneft and Gazprom Neft have completed early the project to build the first production well at the East-Messoyakha deposit, which is part of the Messoyakha cluster, the northernmost of the known Russian onshore oil fields. The project is part of the joint drilling program implemented by the two companies. The …
Gazprom Neft Implements Technology Strategy for Development of Non-conventional Reserves
Sofiya Zorina Development of the Bazhenov formation is one of the key strategic objectives of Gazprom Neft in the medium term. Success in achieving this objective directly depends on the company’s technological development. In 2014 plans to develop non-conventional reserves which had been announced in Gazprom Neft some time …
Gazprom Neft Completes First Winter Sea Shipments Of Oil From Novoportovskoye
Initiated in February 2015, Gazprom Neft has now completed its first winter shipments of oil from the Novoportovskoye field, becoming the first company in the Russian oil and gas sector to despatch oil from Yamal by sea under winter conditions. Seven tankers, carrying a total 110,000 tonnes of the company’s …
Gazprom Neft: Looking Eastwards
The Gazprom Neft Management Board has examined the issue of developing cooperation with Asia—Pacific companies. A key strategic objective for Gazprom Neft in its engagement with companies in the Asia Pacific in exploration and production activities concerns the sourcing of partners for projects currently under geological prospecting. Gazprom Neft is …