RN-Uvatneftegaz Produces 50 millionth Ton of Oil
RN-Uvatneftegaz, a subsidiary of Rosneft, produced 50 millionth ton of oil since the start of Uvat project implementation in 2004. In 10 years of enterprise performance the annual oil output increased almost by 10 times – from 1.2 mln tons in 2004 to about 10 mln tons, expected by the …
Eastern Development Center of Uvat Project Produced the 30-millionth Ton of Oil
Rosneft subsidiary Uvatneftegaz produced the 30-millionth ton of oil at Eastern Development Center of Uvat project. Record keeping has been carried out since the beginning of the development of the Urnenskoe and Ust-Tegusskoe fields in 2007. Eastern Development Center is the primary center for Uvat project, and is indicative of …
Rosneft Q1 Figures: Debt Down and Gas Production Doubles
In Q1 2014 Rosneft’s crude oil and liquids production (including production of subsidiaries and proportionately consolidated entities, and the share in production by affiliates) reached 4,189 th. bpd (0.5% growth year-on-year), gas production reached a record-high level of 13.18 bcm (i.e. more than doubled). In Q1 2014 the Company was …
Rosneft Posts Record 2013 Results: Daily Hydrocarbon Production Reached 4.9 mmboe, EBITDA Amounted to RUB 947 bln Supported by Hydrocarbon Production Growth, Increased Efficiency and Integration of New Assets
Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The Company stabilized production of its largest West Siberia assets, including Samotlorneftegaz, Nizhnevartovsk, Varieganneftegaz, and Nyaganneftegaz. The brownfield successes have been primarily driven by employment of …
Rosneft Posts Record 2013 Results
Rosneft‘s daily hydrocarbon production reached 4.9 mmboe, EBITDA amounted to RUB 947 bln supported by hydrocarbon production growth, increased efficiency and integration of new assets. Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The …
TNK-BP to Commission a New 700-Million-Ruble Power Plant in Uvat
TNK-BP announces today it has begun integration testing of a new 15 MW gas-fired piston power plant (GPPP) at Ust-Tegusskoe field, part of the company’s Uvat project, after investing close to 700 million rubles into the project. Since 2009 the company has been on a wide-scale campaign to utilize its …
ТNК-ВР Strikes Oil in Malouimskoye Discovery in Uvat
ТNК-ВР has discovered a new Malouimskoye oil field with about 5 million tons of recoverable oil. ТNК-ВР has been implementing an organic production growth program to deliver annual 1-2% of incremental oil production, backed with hefty investments in development drilling, innovative enhanced oil recovery technology, and exploration. The program for …
TNK-BP to Boost Associated Gas Utilization in the East Uvat Hub by 50% to 78 Million Cubic Metres in 2012
TNK-BP is to boost utilization of associated petroleum gas (APG) at the East Uvat Hub in West Siberia by 50% versus 2011 to 78 million cubic metres, following the launch of a 15 MW gas piston power plant in September 2012. TNK-BP is implementing a program to expand APG utilization …
ТNК-ВР Investing $800 Million in 2012 to Develop Uvat Greenfields in West Siberia
ТNК-ВР is expected to invest as much as $800 into its Uvat upstream projects in 2012 to support deployment of innovative production technology, develop related infrastructure and continue exploration. ТNК-ВР is pursuing an organic growth strategy to step up its hydrocarbon production by 1-2% every year. Uvat has been consistently …
TNK-BP Reports Strong Q1 Results but Profits Dip
TNK-BP reported its results for the first quarter of 2012. Mikhail Fridman, Executive Chairman of TNK-BP, said: “In the first quarter of 2012, TNK-BP achieved continued success in its focus on delivering operational excellence and sustainable growth. We increased production by 4% year-on-year to 2.037 million barrels of oil equivalent …