Slavneft Announces 2011 International Reserves Audit – Reserve Replacement at 105%
As of December 31, 2011, the audited proved recoverable oil reserves of OAO NGK Slavneft estimated under SEC LOF (U.S. Securities and Exchange Commission), excluding the licenses validity, made 1,642 mln bbl. The Company’s proved reserves increased by 6.2 mln bbl, or 0.4% vs. 2010. The Holding’s reserves replenishment rate …
TNK-BP Announces 2011 International Reserves Audit – Reserve Replacement at 145%
TNK-BP published the results of an international audit of its reserves at the end of 2011. As of December 31, 2011, the total proved SEC life-of-field (LOF) reserves of TNK-BP consolidated subsidiaries, estimated according to the criteria of the US Securities and Exchange Commission (SEC), amount to 9.115 billion barrels …
Gazprom Neft Increases Hydrocarbon Reserves by 9% in 2011
As at 31 December 2011, the total “proven” and “probable” (2P) reserves of Gazprom Neft group under PRMS international standards amounted to 11.577 billion barrels of oil and 15.720 trillion cubic feet of gas, which translates into 14.197 billion barrels of oil equivalent. Compared with the end of 2010, Gazprom …
Alliance Oil: Oil Production Up 12% and EBITDA Up 57%
In 2011, the improved macro environment supported our operations and financial performance. The price of Urals increased by almost 40% year-on-year and the Russian Rouble strengthened against the US Dollar by 3.2%. New tax initiatives aimed at stimulating Russian upstream production and enforcing refinery modernizations were adopted last year. Alliance Oil Company’s oil production …
TNK-BP To Invest $170m in New Technologies In the Orenburg Region by 2016
OJSC Orenburgneft plans to invest $170 mln in a programme to deploy new technologies by 2016. The Company’s focus areas include boosting reserves and optimizing field developments; well work and drilling; energy-saving equipment and improving the efficiency of field facilities. During 2011 around 40 technology projects were reviewed, 14 of …
Exillon Energy’s Total Proved Reserves Up 12%
Exillon Energy plc, a British independent oil producer with assets in two oil-rich regions in northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce that total proved (“1P”) recoverable reserves increased by 12% to 125 million barrels and total proved plus probable (“2P”) reserves increased …
Dragon Oil Trading Statement and Reserves Update
Dragon Oil plc, an international oil and gas exploration and production company, today issues the following trading statement, which includes an operational update, financial highlights for 2011 and the results of the latest reserves assessment. All information referred to in this update is unaudited and subject to further review. Dragon …