SeverEnergia: Launches Third Stage of the Samburgskoye Field
OAO NOVATEK announced the launch of the third stage of the Samburgskoye gas condensate field developed by SeverEnergia, a joint venture between OAO NOVATEK and OAO GazpromNeft. The launch of the third stage, which exceeds two (2) bcm of natural gas per annum, will enable the field to achieve peak production capacity …
Gazprom Neft and Weatherford Sign Technology Collaboration Agreement
Gazprom Neft and Weatherford today announce the signing of a strategic cooperation agreement that will enable technology collaboration through frequent knowledge and information sharing. The experts of Gazprom Neft and Weatherford will jointly explore opportunities to determine the right technology solutions for the development and production of the oil fields. …
Gazprom Neft Begins Commercial Production and Oil Deliveries From the Badra Field in Iraq
Gazprom Neft, the operator of the Badra oil field in Iraq, announces that first oil from the field is now being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra (Persian Gulf). Current deliveries from Badra to the pipeline stand at over 15,000 barrels of …
EDC: 1H Results – Revenues Down, Income Down, Horizontal and Lukoil Drilling Metres Up
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today releases its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2014. The reviewed 2014 Interim Consolidated Financial Statements for the six months ended June …
Gazprom Neft Commences First Sea Transportation from the Novy Port Field
Gazprom Neft has made a summer shipment of oil from the Novy Port oil field, with crude oil being delivered to European consumers by sea for the first time. This new type of crude, known as Novy Port, has all the characteristics of light crude, while its low sulphur content …
Gazprom Neft Reports IFRS Financial Statements for 1H 2014
Gazprom Neft has published its consolidated financial results for 1H 2014, in accordance with International Financial Reporting Standards. During the period, the growth in hydrocarbon production and premium channel sales, in addition to rising prices for crude oil and associated products, have helped drive a 13.9% increase in sales to …
Gazprom Neft Begins Exploratory Drilling in Kurdistan
Gazprom Neft has begun drilling an exploration well at the Shakal block in Kurdistan (Iraq) and is soon to commence drilling on a second exploration well. The project will study two oil reservoirs in the Shakal block including flow testing. Well testing will be completed by late 2014 / early …
Gazprom Neft: Deliveries Begin to Oil Reservoirs at the Badra Oil Field in Iraq
Gazprom Neft, the operator of the Badra oil field in Iraq, announces that deliveries of crude oil have started from the field to reservoirs of the Central Gathering Point (CGP). Two wells are currently producing oil at the deposit. Over the coming month, once the reservoirs have been filled, oil …
Industry Experts Address “Sustaining and Optimising Production: Challenging the Limits with Technology’ at Russia’s Leading Technical E&P Event
On the 14-16 October, the 5th biennial edition of SPE Russian Oil & Gas, Exploration and Production Technical Conference and Exhibition will be taking place at the All-Russian Exhibition Center in Moscow. The organisers are expecting a total attendance of over 3,500 technical professionals and academics, over 100 exhibiting companies will be present and more than …
Gazprom Neft Begins Exploratory Drilling at the Dolginskoye Field in the Arctic
Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea. The work is being carried out during the ice-free months of 2014 and will involve drilling a single well to a depth of 3,500m and conducting a full range of geological investigations. The experience gained from previous work on the …