KMG EP: Issues 1H 2014 Figures Plus Finds Solution to Radioactive Build-Up
JSC KazMunaiGas Exploration Production announces its operating results for the first half of 2014, an update on the modernization programme, details of a memorandum signed with the environmental agency, information on the start of trial production on Liman block and an update on the decision on the sale of shares …
Bashneft Announces Consolidated IFRS Results for 2013
Bashneft Group (further «Bashneft», «The Company», or «the Group»), which comprises JSOC Bashneft, its subsidiaries and affiliates, has released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2013 prepared in accordance with International Financial Reporting Standards (IFRS) In 2013, the Group’s revenue from sales increased by 5.8% year-on-year to RUB …
Tatneft: Figures Demonstrating Results of Operations in August and for Eight Months of 2013
Crude Oil Production The amount of 2,219,716 tons of crude oil was produced at JSC TATNEFT in August accounting for 100.7 percent versus August, 2012 (+15,674 tons). The amount of 17,369,545 tons of crude oil was produced during eight months, which was 49,238 tons more than during eight months of …
Volga Gas: Vostochny Makarovskoye Gas Field Sees Better than Expected Well Test
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide an update following the completion of a production test on the VM#1 production well on its Vostochny Makarovskoye (“VM”) gas/condensate field. A workover has recently been completed on …
Technology Roundtable: Coiled Tubing
Coiled tubing has become increasingly popular in Russia in recent years. What is the current level of utilization at the moment? Baker Hughes: Current market data estimates a CT unit count of roughly 250 in Russia & the CIS, which is up 24 units from the 2012 count of 226. …
Tatneft: Figures Demonstrating Results of Operations in January 2013
Crude Oil Production The amount of 2,208,944 tons of crude oil was produced at the JSC TATNEFT in January or 100.3% versus January 2012 with the above-the-plan production in the amount of 51,524 tons (102.4%). 2,183,370 tons of crude oil were delivered with the above-the-plan delivery amounting to 70,570 tons. …
Technology Roundtable: Wellbore Cleanout
Why is an effective wellbore cleanout program essential when looking at the production and run life of a well? Schlumberger: Movement of sand and accumulation of debris can have a considerable impact on fluid flow. On the surface, a river can deposit so much silt that it blocks its own …
Tatneft: Figures Demonstrating Results of Operations in October and for Ten Months of 2012
Crude Oil Production The amount of 2,207,049 tons of crude oil was produced at JSC TATNEFT in October or 100.2% versus October 2011. The amount of 21,663,120 tons of crude oil was produced during ten months, which was 67,823 tons more than in 2011 (100.3%) with the above-the-plan production in …
Weatherford Acquires Major Oilfield Assets in Western Siberia
Weatherford International today announced the finalized acquisition of Belorusskoe Upravlenie po Povysheniyu Nefteotdachi Plastov i Kapitalnomu Remontu Skvazhin (BUPNP & KRS). The enterprise is based in Nizhnevartovsk and its activities will be coordinated and managed by Weatherford’s Siberian division and its subsidiary entities. BUPNP & KRS, Open Joint Stock Company …
Varyoganneftegaz to Perform Well Workover Program in 2012 to Increase Oil Production
Varyoganneftegaz (a member of the TNK-BP Group) will carry out a large-scale well workover program in 2012 with an effect of production growth by more than 1 mln tonnes, which is 25% higher than the same figure of 2011. The company plans to reactivate idle wells and improve active well …