Gazprom Neft Improves Field Efficiency Using Artificial Intelligence
Gazprom Neft successfully tested its own digital system to improve the efficiency of oil production. The program allows you to analyze thousands of options for the development of deposits and select the best. According to estimates of its developers from the Scientific and Technical Center of the company, the economic …
Surgutneftegas: Oil Production in Republic of Sakha Increased by 6,7%
In January-November 2014, Surgutneftegas produced 56,192.3 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 7,039.5 thousand tonnes, 6.7 % up versus eleven months of the last year. In January-November 2014, overall gas production amounted to 8,547.7 million cubic meters. …
Surgutneftegas Increased Oil Production in Yakutia by 5,7%
In January-August 2014, Surgutneftegas produced 40,856.5 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 5,048.8 thousand tonnes, 5.7 % up versus eight months of the last year. In January-August 2014, overall gas production amounted to 6,176.9 million cubic meters. …
Bashneft Boosts Oil Production by 11.5% in the Second Quarter of 2014
Bashneft has released its preliminary operating results for the second quarter of 2014 -Average daily production reached a 20-year high of 48.1 thousand tonnes -Production growth rate at brownfields increased to 2.6% -A new asset in Western Siberia, LLC Burneftegaz, accounted for 3.8% of production -88.8% of gasoline output met …
Cadogan Petroleum: Interim Management Statement
Cadogan published its Annual Financial Report for the year ended 31 December 2013 on 28 April 2014. Political situation We continue to monitor the current political situation in Ukraine carefully but there have been no disruptions to the Company’s operations, or ability to operate effectively, in any of our operating locations. As a …
Shelton Petroleum AB: Production report for December 2013
Shelton Petroleum’s total oil production in December 2013 amounted to 29,800 barrels, equivalent to 961 barrels per day. Production in the fourth quarter 2013 amounted to 92,060 barrels, equivalent to 1,001 barrels per day. “As a result of the successful drillings in Bashkiria, production has almost doubled in 2013. During …
NOVATEK Reports Preliminary Operating Data for the Fourth Quarter and Full Year 2013
NOVATEK reported today preliminary operating data for the fourth quarter and full year 2013. In the fourth quarter 2013, NOVATEK’s gross production totaled 16.42 billion cubic meters (bcm) of natural gas and 1,249 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2013 gross production aggregated …
Shelton Petroleum AB: Production report for November 2013
Shelton Petroleum’s total oil production in November 2013 amounted to 30,060 barrels, equivalent to 1,002 barrels per day. Shelton Petroleum holds 100% of the Rustamovskoye license in Russia. Shelton Petroleum has a 45% working interest in Kashtan Petroleum (holder of the license to the Lelyaki oil field) through its wholly …
Shelton Petroleum AB: Interim report January-September 2013
Successful drillings and record production increase operating margin to 32% July – September 2013 ° Revenue during the quarter: SEK 26 (24) million ° Operating result during the quarter: SEK 8 (5) million ° Operating margin 32% (22%) ° Basic earnings per share: SEK 0.53 (0.32) ° Diluted earnings per …
Rosneft’s Strong Performance in Q3 2013: Daily Hydrocarbon Production has Reached a Record-high 4.9 mln boe, EBITDA has Gone up by 41% to RUB 303 bln
Q3 2013 hydrocarbon production (including production of subsidiaries and proportionately consolidated entities, and the share in production by affiliates) increased by 2.0% and reached 4,884 th. boepd. Crude oil and liquids production has reached 4,193 th. boepd, gas production increased up to 10.82 bcm. Oil production growth is mainly due …