Urals Energy: ArticNeft – Workover Successful, Petrosakh – Cementing Underway
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce the following update on its operations at ArticNeft and Petrosakh as well an update on the litigation: ArticNeft Perforation of four wells of its six well work over programme has been successfully completed. …
Urals Energy: Workover Commences on ArticNeft Wells – Fracking Unlikely This Year
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce a drilling update and further information on the recent accident at the Petrosakh refinery and the workover at Articneft. ArticNeft A first workover of well #546 at ArticNeft has been successfully completed. After …
Urals Energy: Petrosak Refinery Fire – None Injured, Oilfield Operations Unaffected
Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that on 9 January 2015 a fire occurred at its Petrosak refinery caused by an accident which occurred during recent adverse weather conditions. No one was injured during the fire and the oil field operations were …
Urals Energy: Falling Rouble and Oil Prices Dampen Netback from Latest Tanker Shipment
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker left Kolguyev Island on 23 October 2014 with 26,093 tons of crude (an equivalent …
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 …
Urals Energy: Petrosakh Drilling Update
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that the flow rate for Well #53 has been successfully established and remains stable at around 70 bbls per day. At the same time, drilling of Well #112 is underway and has reached the …
Urals Energy: Tanker Marginally Light Loaded Due to Storm Damage and Dismisses $41.6m USD Debt Claim
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce the following operational update. Petrosakh As announced on 1 November 2013, drilling at Well #53 in the Petrosakh field on Sakhalyn Island has been completed and the Company is pleased to report that the …
Urals Energy: Petrosakh Drilling Completed Awaiting Test Results, Arcticneft Tanker Shipment Underway
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce the following update on its operations at Petrosakh and Articneft assets as well as the Board’s preliminary findings on the Alleged Debt Repayment Agreement. Petrosakh As outlined in the Circular posted to shareholders on …
Urals Energy: 2013 Half Year Results – Working Capital Turns to Black
Urals Energy PCL, 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 2013. Operational Hghlights – Total production at Arcticneft reached 125,651 barrels (H1-2012: 128,249 barrels). – Total production at Petrosakh reached 240,533 barrels (H1-2012: …