Gazprom Neft: Developing Unconventional Hydrocarbons
Kirill Strizhnev, Head of «Challenging Reserves» project office for Gazprom Neft’s Directorate of the exploration and resource base development Modern global estimates of unconventional hydrocarbon reserves all point to huge development potential. Currently, unconventional oil and gas production only account for about 1% of global output, however the development of …
Salym Petroleum Development: The Bazhenov Formation – In Search of Big Shale Oil in Upper Salym
This article looks at the work performed by Salym Petroleum Development N.V. for the pilot development of the Bazhenov Formation. The research program has helped to identify key geological features of the Bazhenov Formation of the Upper Salym field, which have helped define the ways of drilling, completion, field development …
Halliburton and Gazprom Neft Enter Into Technology Cooperation Agreement
Halliburton has entered into an agreement of cooperation with Gazprom Neft for the introduction of new technologies to improve operational efficiency in Gazprom Neft fields. – Agreement calls for new technologies to improve operational efficiency in Gazprom Neft fields – Companies will collaborate on technological solutions for hard-to-recover reserves, unconventional …
Vladimir Putin Signs Law to Reduce Mineral Extraction Tax for Unconventional Oil Production
Russian President Vladimir Putin on Tuesday signed a law to ease the tax burden on operators developing Russia’s unconventional oil resources. The law will differentiate the tax rates for hydrocarbon production based on the permeability of the rock, depletion of the reservoir and the size of the oil bearing layer. …
Ruspetro: MET Relief for Tight Oil Becomes Law, 80% Tax Relief on Tight Oil Reserves
Ruspetro plc announces that a substantial reduction in the Russian Mineral Extraction Tax applicable to tight oil has been passed into law this week and will be applied to production from the Company’s qualifying reserves from 1 September 2013. 80% MET relief: Due to the characteristics of our reservoirs, the …
Gazprom Neft Board of Directors Approves 2025 Development Strategy
The Gazprom Neft Board of Directors has approved the company’s 2025 development strategy. The 2025 strategy uses the 2020 strategy as a foundation taking into account both the changing industry environment and the state of the global economy. The document outlines the company’s goals in key business areas such as …
TNK BP: Unconventional Sources of Hydrocarbons: Shale Bubble or Shale Revolution?
For the last several years, the topic of unconventional hydrocarbon resources development has become increasingly popular across the globe. It is also a controversial topic, with opinions ranging from euphoric announcements of a “shale revolution” to highly sceptical expert reviews characterizing that phenomenon as a “shale bubble”. If a company …