Bashneft: H1 Results – Oil Production Up 12.4%
Oil production in Q2 2015 was 4,831 thousand tonnes, which is by 10.4% more than in Q2 2014. Strong growth of oil production in Q2 2015 was driven by 2,5% increase in production at brownfields — mainly due to commissioning of new wells and highly efficient geological and engineering operations …
Bashneft-Polyus and Vostok NAO sign protocols to Cooperation Agreements with the Administration of the Nenets Autonomous District
Igor Koshin, Governor of the Nenets Autonomous District, and Vladimir Nesterenko, General Director of LLC Bashneft-Polyus (a joint venture of JSOC Bashneft and OJSC Lukoil responsible for the development of the R. Trebs and A. Titov fields), have signed the Protocol to the Cooperation Agreement for 2015. In addition, today …
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 …
Bashneft: Q3 and 9M Results – Production Up 10% and Net Income Up 39.6%
Bashneft Group released its unaudited consolidated financial statements for the third quarter of 2014 and the nine months ended September 30, 2014 prepared in accordance with International Financial Reporting Standards (IFRS). 3Q2014 vs.2Q 2014: The Group’s revenue from sales decreased by 0.2% to 162,861 million Adjusted EBITDA increased by 2.6% …
Rosnedra Amends Bashneft’s R. Trebs and A. Titov Fields Licenses
The Federal Subsoil Resources Management Agency (Rosnedra) made amendments to JSOC Bashneft’s licence for geological exploration and production of hydrocarbons within a subsoil area including the R. Trebs and A. Titov oilfields in the Nenets Autonomous District ‘These amendments to the licence for the Roman Trebs and Anatoly Titov fields …
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 …
Vladimir Nesterenko is appointed General Director of Bashneft-Polyus
The Board of Directors of LLC Bashneft-Polyus, a joint venture of JSOC Bashneft and OJSC Lukoil which develops the R. Trebs and A. Titov oilfields in the Nenets Autonomous District, approved Vladimir Nesterenko as the company’s new General Director. The former General Director of LLC Bashneft-Polyus Vitaly Litvinenko decided to continue his career outside Bashneft. Vladimir Mikhailovich Nesterenko was born in 1972. In 1998 …