Roxi Petroleum: 5m USD for BNG Farm Out
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that Bakmura LLP (“Bakmura”), a subsidiary of the Korean National Oil Corporation (“KNOC”), has agreed to pay an initial cash consideration of $5 million and to invest a further $25 million in the …
Max Petroleum: Zhana Makat Field Placed on Full Field Development
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the Kazakh Government has granted regulatory approval to convert the Zhana Makat Field to full field development (“FFD”) status effective immediately. FFD approval will allow Max Petroleum to develop and produce the Zhana Makat …
International Petroleum Appointed Pierre Godec as Non-Executive Director
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce the appointment of Mr Pierre Godec as a Non-Executive Director of the Company with immediate effect. Mr Godec, aged 67, has 40 years’ experience in the international oil industry. He spent …
Alliance Oil Reserve Replacement 154% in 2011
Alliance Oil Company Ltd’s total oil reserves increased by 1.8% to 996.9 million barrels (978.8 million barrels). The Company replaced 153.6% of the total 2011 oil production by adding net proved and probable (2P) oil reserves of 9.6 million barrels (net of 17.9 million barrels produced in 2011) through exploration and development as well as reserve revisions. The Kolvinskoye …
Roxi Petroleum Spuds Weather Delayed BNG 316
Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with regard to BNG well 136. The well, which is on the North Yelemes structure and is planned to be drilled to a total depth of 2,950 metres was spudded …
Tethys Petroleum announces inauguration of Aral Oil Terminal
Tethys Petroleum Limited, today announced the official inauguration of its Aral Oil Terminal (“AOT”) ‐ a new oil storage and rail loading facility for oil shipments from the Company’s Doris oilfield into the Kazakh rail system. The AOT is located approximately 230 km from the Doris oil field, significantly reducing …
Max Petroleum: SAGW-3 Bit Spins
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the SAGW-3 appraisal well on the Sagiz West Field in Block E. Total depth of the well will be approximately 1,400 metres, targeting Triassic reservoirs. Source
Tethys Petroleum: Tajikistan Well Test Updates
Tethys Petroleum Limited today provided an update on its activities in Tajikistan and also gave a brief update on oil transportation in Kazakhstan. At the Beshtentak field, work is still ongoing on the BST20 well, which initially tested at rates in excess of 600 barrels of oil per day (bopd). …
Max Petroleum: Operations Update Jan 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan. The Company has matured three additional prospects into its drillable post-salt prospect inventory based …
Roxi Petroleum: NW Konys Pilot Production Gas Flaring Consent Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has been advised by the Ministry of Oil & Gas of the Republic of Kazakhstan that its operating Company, Galaz and Company LLP, (“Galaz”) has received approval for gas flaring for …