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2016-09-02 18:30:00

ROSNEFT - BP - SCHLUMBERGER COOPERATION

ROSNEFT - BP - SCHLUMBERGER COOPERATION

BP wrote, Rosneft, BP and Schlumberger today announced agreements for collaboration on seismic research and development. The agreements were signed at the Eastern Economic Forum (EEF) in Vladivostok, Russia, by Rosneft CEO Igor Sechin and President of BP Russia David Campbell. Schlumberger was represented by President for Russia and Central Asia Gokhan Saygi.

Under the terms of the agreements, Rosneft will join as an equal partner in BP’s ongoing project with Schlumberger’s seismic business, WesternGeco, to develop innovative cableless onshore seismic acquisition technology. The technology aims to revolutionize the design and acquisition of 2D and 3D seismic surveys, which in turn will improve subsurface imaging and the efficiency of exploration, appraisal and field development. The ability to deliver faster and better quality seismic data acquisition at lower cost compared to conventional seismic surveys will also bring environmental and safety benefits in difficult to access areas and extreme climates.

The project envisages an initial two-year period to complete the development of a seismic acquisition system. BP and Rosneft will have preferential access to this technology for an initial period, after which Schlumberger will have the exclusive rights to market the system.

Commenting on the signed documents, Igor Sechin said: “These agreements turn the page in the development of upstream technologies. By teaming up with such industry leaders as BP and Schlumberger we are bound to succeed. The fact that Rosneft, Russia’s leading oil and gas company, will be involved in the development of state-of-the-art technologies is of prime importance. As a result, innovative solutions will be tailored for specific Russian settings. Given the international status of the research project, the product to be created will have a significant potential on global markets.”

“By combining Rosneft’s wide experience of operating and innovation in challenging Russian conditions, BP’s global expertise in advanced imaging and Schlumberger’s technological and marketing experience, the companies anticipate unique opportunities for the creation and rapid deployment of leading-edge seismic technologies,” said David Campbell.

“We are excited to be working with BP and Rosneft on this innovative acquisition technology that will revolutionize and expand our industry’s ability to image the subsurface, especially in challenging land environments, worldwide,” said Gokhan Saygi.

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Earlier:

ROSNEFT: 

ROSNEFT NET INCOME UP BY 6.4 TIMES 

ROSNEFT & PDVSA STRATEGIC PARTNERSHIP 

ROSNEFT HAS PAID $1 BLN 

RUSSIAN-CHINESE PROJECT 

ROSNEFT: STABILITY & GROWTH

 

BP: 

BP & CNPC CONTRACT 

MAJORS DEBT'S RECORD 

BP PROFIT $720 MLN 

ROSNEFT & BP: YERMAK NEFTEGAZ LLC 

BP: TIME OF CHANGES

 

SCHLUMBERGER: 

GOLAR & SCHLUMBERGER LNG 

SCHLUMBERGER NET LOSS $2.16 BLN 

SCHLUMBERGER DOWN 63% 

SCHLUMBERGER CUTS 2,000 JOBS 

SCHLUMBERGER & CAMERON MERGER

 

 

 

Tags: ROSNEFT, BP, SCHLUMBERGER

Chronicle:

ROSNEFT - BP - SCHLUMBERGER COOPERATION
2018, August, 17, 11:30:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after posting five consecutive months of growth, the index for mining declined 0.3 percent. At 108.0 percent of its 2012 average, total industrial production was 4.2 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector was unchanged in July at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2017) average.

ROSNEFT - BP - SCHLUMBERGER COOPERATION
2018, August, 17, 11:25:00

NORWAY'S PETROLEUM PRODUCTION: 1.911 MBD

NPD - Preliminary production figures for July 2018 show an average daily production of 1 911 000 barrels of oil, NGL and condensate, which is an increase of 64 000 barrels per day compared to June.

ROSNEFT - BP - SCHLUMBERGER COOPERATION
2018, August, 17, 11:20:00

GAZPROM NEFT NET PROFIT UP TO 49.6%

GAZPROM NEFT - For the first six months of 2018 Gazprom Neft achieved revenue** growth of 24.4% year-on-year, at one trillion, 137.7 billion rubles (RUB1,137,700,000,000). The Company achieved a 49.8% year-on-year increase in adjusted EBITDA, to RUB368.2 billion. This performance reflected positive market conditions for oil and oil products, production growth at the Company’s new projects, and effective management initiatives. Net profit attributable to Gazprom Neft PJSC shareholders grew 49.6% year on year, to RUB166.4 billion. Growth in the Company’s operating cash flow, as well as the completion of key infrastructure investments at new upstream projects, delivered positive free cash flow of RUB47.5 billion for 1H 2018.

ROSNEFT - BP - SCHLUMBERGER COOPERATION
2018, August, 15, 11:10:00

OIL PRICE: NEAR $72

REUTERS - Front-month Brent crude oil futures LCOc1 were at $72.34 per barrel at 0648 GMT, down by 12 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 23 cents, or 0.3 percent, at $66.81 per barrel.

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