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2014-02-19 16:38:00

GAZPROM NEFT COST ESTIMATE RAISED TO $3 B

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B

OAO Gazprom Neft increased its estimated costs for the Badra oil field in Iraq to about $3 billion, according to a bond prospectus this month from its parent company. 

The Gazprom Neft-led group is planning to begin oil output at Badra this year and produce 170,000 barrels a day from the field by 2017. The Iraqi government is allowing the group to recoup initial investments, awarding a fee of $5.50 a barrel produced over the 20-year span of the contract.

Gazprom Neft is also investing in projects in Iraq’s Kurdistan region where it plans to start production this year.

More information here.

Tags: GAZPROM, NEFT

Chronicle:

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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