Tatneft: Figures Demonstrating Results of Operations in August and for Eight Months of 2013
Crude Oil Production The amount of 2,219,716 tons of crude oil was produced at JSC TATNEFT in August accounting for 100.7 percent versus August, 2012 (+15,674 tons). The amount of 17,369,545 tons of crude oil was produced during eight months, which was 49,238 tons more than during eight months of …
Bashneft’s Net Income for the First Half of 2013 Increases to 25.154 Billion Roubles
During the six months of 2013, the Group’s revenue from sales increased by 6.2% year-on-year to 260,483 million roubles due to an increase in oil production and refining. During the period from January through June 2013, adjusted EBITDA declined by 1.6% and amounted to 44,141 million roubles. During the six months of 2013, the Group’s net income less minority interest totalled 25,154 million …
Bashneft-Polus Begins Oil Production as Part of Development at Trebs and Titov Fields
Bashneft-Polus, a joint venture of OAO LUKOIL and OAO ANK Bashneft, began oil production as part of the development of R.Trebs and A.Titov fields in Nenets Autonomous District. Test production is underway and is expected to reach about 300,000 tons of oil by the end of 2013. “The Trebs and …
Alliance Oil: Interim Report for the Quarter and Six Months Ended 30 June 2013
Quarter ended 30 June 2013 Revenue of MUSD 906.6, up 11% from Q2 2012. EBITDA of MUSD 173.1, up 30% from Q2 2012. Profit before tax of MUSD 59.3, up 102% from Q2 2012. Currency exchange loss of MUSD 19.8 negatively affected profit before tax. Profit for the period of …
Shelton Petroleum AB: Production report for July 2013
Shelton Petroleum’s total oil production in July 2013 amounted to 19,230 barrels, equivalent to 620 barrels per day. The table below summarizes the production broken down by oil field. July 2013 July 2012 Jan-July 2013 Jan-July 2012 Jan-Dec 2012 Lelyaki 10,680 10,900 71,605 69,300 119,950 Rustamovskoye …
New Technologies Lift TNK-BP’s Oil Production by Roughly 2.3 Million Tonnes in 2012
TNK-BP announces that it achieved an overall increment of over 2 million tons in 2012 by deploying new oil production technologies – more than twice the figure for 2011. TNK-BP is consistently implementing a comprehensive program to enhance the efficiency of field development work in all its upstream assets. A …
Bashneft announces preliminary results for 2012
Bashneft crude oil production rose 2.2% year-on-year to 15 437 thousand tons in 2012 (112 690 thousand barrels)*. Average daily crude oil production amounted to 42.2 thousand tons per day (308.1 thousand bbl per day). Thus, by the end 2012 Bashneft retained its leading position in Russian O&G industry, not …
TNK-BP to Reinvest 2.3 bn Rubles of Tax Benefits in Oil Production Development in Orenburg Region in 2013
TNK-BP informs that OJSC Orenburgneft and LLC Buguruslanneft (part of the TNK-BP Group) gained the right to apply a reduced profit tax rate in 2013. The Company reinvests released resources in the amount of 2.3 bn rubles in the development of production assets in the Orenburg region. TNK-BP is implementing …
TNK-BP / PDVSA JV in Venezuela Reaches Oil Production Target of 130,000 Barrels per Day
TNK-BP announces that PetroMonagas, a joint venture between TNK-BP (16.7%) and Venezuelan state company PDVSA (83.3%), has increased its production of viscous oil by 11% since the start of the year to the target level of 130,000 barrels per day. The Company is consistently growing its production volumes in line …
BP awards Emerson multi-million-dollar contract to provide automation technology and services for North Sea oil production
Integrated control and safety systems will help BP manage operations of two new platforms for the Clair Ridge project Emerson Process Management has been awarded a $23 million contract by BP to supply integrated control and safety systems for two new bridge-linked platforms for the Clair Ridge project. Clair Ridge is located …