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2016-12-26 18:35:00

GAZPROM DISCOVERS SERBIA

GAZPROM DISCOVERS SERBIA

OGJ - A new deposit in Serbia's Pannonian oil and gas basin may contain recoverable reserves of 432,000 tonnes, according to Russia's PJSC Gazprom Neft. The Idos-X-4 well was drilled to the Neogene-aged formation at a depth of 2,268-2,287 m in the Idos-Sever (Northern Idos) field.

The well was drilled by Serbia's Naftna Industrija Srbije (NIS Oil Co.) with plans based on its 3D seismic interpretation. The well was completed with an initial flow rate of 27.8 tonnes/day. Idos-Sever field is under pilot development and is expected to begin production in 2017, the company said.

Gazprom's Head of Geological Exploration and Resource Base Development Alexei Vashkevich said, "The challenge for discovering new deposits in traditional oil and gas areas is related to the small size of these deposits." The Pannonian basin contains highly complex geological structures formed through unconventional traps. Recent advancements is seismic operations have improved Serbian drilling rates to 100% in 2015 from 83% in 2014, Vashkevich said.

Gazprom acquired a 51% stake in Serbia's NIS for €400 million in 2009. The acquisition led the way for NIS to begin a long-term campaign to revamp its refining facilities. In September 2016, NIS completed a major turnaround at its 4.8 million-tonne/year Pancevo refinery.

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Earlier:

SERBIA'S GAS PRIORITY 

GAZPROM & SERBIA STRATEGIC PARTNERSHIP 

SERBIA & RUSSIA RECONCILING: $50 BLN 

RUSSIA & SERBIA: SOUTH STREAM 

SOUTH STREAM: SERBIA

 

 

 

Tags: GAZPROM NEFT, SERBIA, OIL, GAS

Chronicle:

GAZPROM DISCOVERS SERBIA
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 DISCOVERS SERBIA
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 DISCOVERS SERBIA
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 DISCOVERS SERBIA
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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