Tethys Petroleum Limited: First Oil Sales Through Kazakh Oil Terminal
-Tethys Petroleum (TSX: TPL)(LSE: TPL), an oil and gas exploration and production company focused on Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan, and Uzbekistan, announced it has completed the first shipment of commercial oil production through its Aral Oil Terminal (the “AOT”) at Shalkar – a …
Senergy announces high profile appointment director at fast-growing SDS business
Fast-evolving Senergy Development Solutions (SDS), which specialises in oil and gas facilities engineering and total project delivery, has positioned itself to harness the increasing market demand for its services by appointing a third director to its leadership team. Well-known industry figure Rob Fisher joins fellow directors, Murray Douglas and Stuart …
Alliance Oil Company: Higher oil prices in upstream compensated lower volumes while downstream was supported by firm demand
Alliance Oil Company’s average daily oil production for the first quarter of 2012 amounted to 56,400 bopd compared to 45,800 bopd in the first quarter of 2011. In total, 5.1 mbbl were produced compared to 4.1 mbbl in the first quarter of 2011. Preliminary average daily refining volumes at the Khabarovsk refinery amounted to 74,900 bopd in the first …
Tatneft’s Q1 Drilling and Production Activity Up
Crude Oil Production OAO TATNEFT produced 2,199,075 tons of crude oil in March, while the production volume for three months amounted to 6,453,613 tons accounting for 59,622 tons increase versus 2011 (100.9 %) with the above-the-plan production amounting to 142,065 tons (102.3 %). The amount of 6,360,155 tons of crude …
PetroNeft Resources Books Big Reserve Increase
PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations. Highlights: · PetroNeft’s 2P reserves increase 36% to 131.7 mmbbls o Sibkrayevskoye 49.83 mmbbls · PetroNeft’s proved reserves (P1) increase 50% to 20.03 mmbbls o Lineynoye …
Drilling and Production Technology: Past, Present and Future
Lopukhov A.N. OJSC Samotlorneftegaz Ph.D.Econ., Avanyan E.A. LLC Nitinoil Cand. Sc. Eng. Khalov M.O. MAI It is commonly accepted that the development of oil and gas deposits is the scientific process of extracting hydrocarbons and associated minerals from the subsoil. This process includes the drilling and production of the reserves. …
Waterflood Management at TNK-BP: Focus on Efficiency
Marat Basyrov, Director, Reservoir Management Functional Excellence Dept., Reservoir Management and Reserves Division, Upstream The main goal of water flooding is to maintain reservoir energy (reservoir pressure) and the displacement of oil to production wells. The amount of injected water and the location of the injection site are very important. …
Arctic Exploration: Industry’s Cold Feet Begin to Thaw as Activity Hots Up
Mark Thomas The fact that the Arctic offshore contains huge estimated oil and gas reserves is nothing new, despite the relatively small amount of hydrocarbons currently being produced from its waters. But a gradual thawing in the arguments against why responsible exploration and development activity cannot take place has brought …
Developing Shtokman: Mitigating the Environmental Impact
Marat Sharifullin, Deputy Technical Director for Environment, Shtokman Development AG Ensuring environmental safety is one of the main conditions when developing large oil and gas projects in the Russian arctic, and this especially applies to the Shtokman gas condensate field (SGCF) development project in the Barents Sea. The Shtokman project …
Challenges in Developing the Russian Arctic
M.A. Kuznetsov, K.K. Sevastyanova, S.A. Nekhaev, P.V. Belyaev, P. A. Tarasov, Ph.D. Ph&M LLC RN-SakhalinNIPImorneft Introduction Rosneft owns a number of licenses for developing Russian continental shelf deposits, including those located in the arctic and subarctic regions. Among the principal difficulties related to the execution of projects in the Arctic …