Tatneft: 2017 Reserves Audit Results
Based on the audit by an independent oil and gas consulting firm Miller & Lents, Ltd. net recoverable oil and gas reserves of Tatneft in accordance with the standards of the Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE-PRMS) …
Lukoil: Proven Reserves Affected By Lower Oil Price
PJSC LUKOIL finished an evaluation and independent audit of its oil and gas reserves as of December 31, 2015. The evaluation was performed in accordance with the US Securities and Exchange Commission (SEC) standards until the economic limit of commercial production is reached. The audit results by Miller and Lents, …
Urals Energy: Expands License Area Boundries
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that, following the payment of a royalty of RR27.5 million to the Russian regulatory authorities, the Company has been granted an additional license by the Russian regulatory authorities that has expanded the boundaries …
Urals Energy: 2014 Results – Numbers Hit By Exchange Rates, Cost Cutting Program on Course
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce its audited financial results for the year ended 31 December 2014. Leonid Dyachenko, Interim Chief Executive Officer, commented: “2014 has been a challenging year for Urals characterised by low oil prices and volatility …
KMG EP: Takes Reserve Hit – 1P Down 16%
JSC KаzМunaiGas Exploration Production announces today the results of the reserves audit as at 31 December 2014 performed by independent consultant Miller and Lents, Ltd. at the Ozenmunaigas JSC (“OMG”), Embamunaigas JSC (“EMG”) and Ural Oil and Gas LLP (“UOG” where KMG EP holds a 50% stake) fields. According to …
Bashneft: 2014 Reserve Replacement Ratio Totals 179%
JSOC Bashneft has announced the results of the latest independent audit of hydrocarbon reserves conducted by Miller and Lents, Ltd. in accordance with the PRMS classification (Petroleum Resources Management System). The auditor has evaluated reserves at 190 oil and gas condensate fields of the Company in the Volga-Urals, West Siberian …
KMG EP: Aksay Oil and Gas Field Put on Stream
KazMunaiGas Exploration Production JSC announces that JV Kazgermunai’s Aksay oil and gas field located in Kyzylorda region has been put on stream. At the commissioning ceremony, KMG EP Chief Executive Mr Abat Nurseitov said: “Aksay field commissioning will allow Kazgermunai to maintain oil production at current level. Also, additional volumes …
Urals Energy Public Company Limited: Publication of Reserves Report
Urals Energy (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce the results of its recent reserves report prepared as at 1 January 2014 by Miller and Lents, Ltd. (“Miller and Lents”) in relation to its in Petrosakh and Arcticneft. A summary …
Urals Energy: 1H Results – Working to Halt Production Decline
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2014. Operational Highlights Total production at Arcticneft reached 118,958 barrels (H1-2013: 125,651 barrels). Total production at Petrosakh reached 210,435 barrels (H1-2013: 240,533 barrels). Current …
KazMunaiGas Exploration and Production: Releases Reserves Verification and Changes
JSC КаzМunaiGas Exploration Production is pleased to announce the result of the verification of reserves at 31 December 2011 and 2012 in the Ozenmunaigas, Embamunaigas and Ural Oil and Gas (50% ownership) fields. In summary, KMG EP will continue to use the reserves assessment made by Miller and Lents Ltd. …