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2014-04-13 18:06:00

RUSSIA LOOK FOR MORE GAS

RUSSIA LOOK FOR MORE GAS

Varyeganneftegaz, a subsidiary of Rosneft, is launching the first stage of a program to look for more gas at the blocks licensed to it in the Khanty-Mansi autonomous area (Yugra). This was discussed at a round table on the development of Rosneft's subsidiaries in Yugra. The focus will be on the Vanyegan and North Varyegan blocks, said Varyeganneftegaz press service.

After a detailed 3D seismic, three exploration wells were set up at the North Varyegan deposit alone. When drilling there is completed, comprehensive development of the block will begin. Varyeganneftegaz estimates its current recoverable resources of natural gas at 238bn cubic meters. It is going to implement a comprehensive project to increase gas production over the next several years.

The round table discussed also oil production. Varyeganneftegaz's oil deposits are its main resource, estimated at more than 550mn tons. According to the Western classification, the firm's reserve production ratio is estimated at around 30 years, and according to the Russian one it equals 100 years.

O&GE

Tags: RUSSIA, GAS

Chronicle:

RUSSIA LOOK FOR MORE GAS
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

RUSSIA LOOK FOR MORE GAS
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

RUSSIA LOOK FOR MORE GAS
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

RUSSIA LOOK FOR MORE GAS
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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