OAO Slavneft-Yaroslavnefteprodukt: Holds AGM
The Annual General Meeting of Open Joint-Stock Company Slavneft-Yaroslavnefteprodukt’s Shareholders was held on June 19, 2014. The Subsidiary’s 2013 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting. The shareholders resolved not to pay dividends on the ordinary and preferred shares and to …
RPI: Horizontal Drilling in Russia
Horizontal drilling increased by 80% in both KMAD and East Siberia between 2007-2012. The contribution to incremental drilling was roughly the same in both regions. As a result, horizontal drilling is rising at a steady pace in Russia due to both the development of new fields in greenfield oil producing …
Slavneft: Audited Reserves – Gas up 6.8% Oil Down 0.2%
As of December 31, 2013, Slavneft‘s audited proven oil reserves under USA Securities and Exchange Commission’s (SEC) LOF (life of field) methodology amounted to 1646.9 mln bbl. The Company’s proven profitable oil reserves decreased by 3.5 mln bbl or 0.2%, as compared to 2012. Slavneft’s SEC LOF gas reserves amounted …
Slavneft’s 6+ Corporate Governance Rating Confirmed Again
In January 2014, The Russian Institute of Directors one more time confirmed 6+ corporate governance rating of OAO NGK Slavneft. Such score means developed corporate governance practices under National Corporate Governance Rating (NCGR) scale. Such score has been assigned to OAO NGK Slavneft since 2010 and it certifies that the …
C.A.T. oil AG: 100% of Hydraulic Fracturing Capacity Successfully Marketed for 2014
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, today announced that it has successfully marketed its fracturing capacities. The Company’s operating subsidiary CATKoneft has been awarded a tender worth EUR 148 million (based on a rouble-to-euro exchange rate of 47) …
Slavneft: Produced 16.8 million tons of Oil in 2013
In 2013, OAO NGK Slavneft‘s subsidiaries produced 16.8 mln tons of oil, which is 94.1% vs. 2012 level. Gas production volume at the Company’s oilfields reached 817.3 mln cu. meters, which is 2.8% lower than the previous year’s level. During 2013, 187 new wells were commissioned at Slavneft’s license areas. …
Slavneft:12.7 million Tons of Oil Produced in First 9 Months of 2013
From January to September, 2013, OAO NGK Slavneft‘s entities produced 12.7 mln tons of oil and 613 mln tons of gas, which is 5.5% and 2.3% below the previous year’s indicators, correspondingly. 139 new wells were commissioned at the Company’s fields year-to-date. Production drilling meterage amounted to 775.2 ths meters, …
Slavneft: Commercial Production at the Kuyumbinskoye Field to Start in 2017
The Kuyumbinskoye oil and gas field situated in the Krasnoyarsk Region, whose license is owned by OOO Slavneft-Krasnoyarskneftegaz will be put to commercial production in 2017. At the first stage of operation in 2017, the total of 295 ths tons of oil will be produced, according to the plan. It …
Slavneft Produced 8.45 Million Tons of Oil during 6 month of 2013
Within the first six months of the current year, OAO NGK Slavneft’s Subsidiaries produced 8.45 mln tons of crude oil, which is 5% lower against the similar period of the previous year. The gas production volume for the reporting period made 411.1 mln m3, thus decreasing by 3.2% as compared …
Slavneft: Q1 Production at 4.23 million Tons of Oil
From January to March 2013, Slavneft’s entities produced 4.23 mln tons of oil and 207.2 mln cubic meters of gas. As compared to the same period of 2012, oil production reduced by 5.5% and gas production – by 3.8%. From the beginning of year, the drilling meterage amounted to 189.2 …