Oil and Gas

In 2014, INK will start construction of the Siberian largest gas refining cluster

In 2014, INK will start construction of the complex for liquefied hydrocarbons transshipment in the city of Ust-Kut.

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As of August the 25th of 2013, the volume of daily production of natural gas in the Russian Federation made up 1 540.0 million cubic meters against

As of August the 25th of 2013, the volume of daily production of natural gas in the Russian Federation made up 1 540.0 million cubic meters against

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As of August the 25th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 432.9 thousand tons

As of August the 25th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 432.9 thousand tons

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Gazprom blocks Shtokman

Gazprom has cancelled the tender for the LNG plant project for the Shtokman field that confirms once more: the Shtokman will be not be developed soon. The interest of foreign investors in the project is being kept for while, but, according to experts, if Gazprom continues to move such pieces, as the tender cancellation, the project won’t be taken at face value.
Gazprom cancelled the tender for LNG plant project for the Shtokman field, the agency Prime reported on Friday, referring to the company. Gazprom declined to comment on the situation.

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Zarubezhneft has started drilling at Cuba’s deposit Boca de Jaruco

Zarubezhneft has started drilling at Cuba’s deposit Boca de Jaruco within the project for enlargement of oil productivity. Drilling has been started at E1 layer. The contract for execution of trial and production work, supplementary exploration and use of secondary methods at the deposit was signed by Zarubezhneft and Cubapetroleo in 2011. Its period is 25 years. The period of trial and production work is 4 years.

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The volume of remaining oil reserves in Russia

Recently Russia has officially put into the public domain extractable oil reserves by ABC1 and C2. They are 29 billion tons. By August 1 2013, it had in its undistributed fund 614 deposits with the total extractable reserves of 884.7 million tons, 3% of total reserves. Last year Russia held tender for 3 large oil deposits Imilor (with 190 million tons of extractable oil reserves by ABC1 and C2), Spilman (89 million tons) and Lodochnoye (43 million tons).

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Oil and oil products make up about 89% of the whole export of Azerbaijan

On the results of January-July of 2013, 88.9% of the whole Azerbaijani export fell on oil and oil products. As the Azerbaijani State Customs Committee reported to 1news.az, in the reporting period, 83.62% of the whole Azerbaijani export fell on crude oil and 5.38% - on oil products.

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Oil production in Volga water area may start from 2016

From 2016, the oil production may start in the Samara region, in Volga water area. Geophysical research is conducted there and sites for auction will be formed by results of this study, the Volga News reports.
The work on water area study began in the second quarter of 2013 and will be carried out during the next three years till the end of 2015. In this period, Samara Department on Subsoil Use will form a model of geological structure of studied territory under water, where sites with hydrocarbon reserves will be allocated and licensed in the future.

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Statoil planS to drill test wells in Siberia in 2014

The Norwegian petroleum corporation Statoil plans to achieve a final agreement with Rosneft on the development of shelf fields before the end of the current year and drill 1-2 wells in Siberia in 2014 to estimate the potential of the region, the company’s Production Director, Tim Dodson reported in an interview to the agency Reuters.
“If everything works, the potential will be huge. I’m very optimistic concerning possibilities of the Russian shelf,” – Dodson stated.

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Irkutsk Oil Company to start the construction of the largest gas-processing cluster in Siberia in 2014

The construction of the first gas processing capacities and a liquid hydrocarbon transshipment complex, in the city of Ust-Kut, the Irkutsk oil company plans to started before the end of 2014. The chief engineer of the company G.Ivanov said to ITAR-TASS.
“We are going to implement the gas programme in several stages. The first stage is planned for late 2014 (the transshipment, the transloading of propane-butane mix in Ust-Kuta). They have started investments into the project and the purchase of the equipment, and carried out  the calculations,” he said. The company also works out the choice of technologies for gas-chemical processes together with a supply of dry petrol gas to Ust-Kut for the power sector.”

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