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2014-03-20 08:14:00

GAZPROM TESTS IRAQ

GAZPROM  TESTS  IRAQ

OGJ.  GAZPROM NEFT has completed testing its second well in Badra field in Iraq, with average flow rates of 10,000 b/d from three tests.
An earlier well recorded a natural flow rate of 7,000 b/d.
Drilling is continuing on a third well, and six additional wells are planned. Construction is almost complete on the first phase of a central gathering station.
The company said commercial production from Badra should begin in the next few months. By 2017, production is forecast to reach 170,000 b/d.

Tags: GAZPROM, IRAQ

Chronicle:

GAZPROM  TESTS  IRAQ
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

GAZPROM  TESTS  IRAQ
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

GAZPROM  TESTS  IRAQ
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

GAZPROM  TESTS  IRAQ
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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