Oil and Gas

Novatek to continue to discuss possibility to sell 9% more in Yamal LNG

Novatek continues to discuss the possibility of selling another  9% in the Yamal LNG project; it negotiates with companies of the Asia-Pacific region, the Novatek’s Head, Leonid Mikhelson reported to journalists.

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Eastern cupola of Northern Urengoy deposit will achieved projected capacity by 2014

Nortgaz, owned by Novatek and Gazprom on a parity basis are going to reache the projected capacity of the Eastern cupola of the Northern Urengoy deposit, the chief of Novatek L. Mikhelson says. The Western cupola will be slightly upgraded.
Within 2-3 months they will agree the investment program of the company, but they do not intend to make public its parameters.

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In 2014, Azerbaijan will launch new platform at the Neft Dashlary deposit

In 2014, SOCAR will launch the new platform # 602A at the Neft Dashlary deposit in Azerbaijan. The general contractor is Neftgaztikinti trust. The platform is meant for the drilling of 14 wells and will be installed at sea depth of 25 m. They will install at the platform state-of-art drilling equipment, a helicopter deck, special reservoirs for the discharge water and waste water collection, a gas heating site, a fire safety system, an automated gas distribution system for wells exploitation under gas lifting mode and other necessary equipment.

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On Tuesday, Rosneft may announce new contracts at Venezuelan blocks

On Tuesday, Rosneft may announce signing of new contracts on hydrocarbon blocks in Venezuela, a source in the Russian Ministry of Energy reported to the agency Prime.
The Deputy Minister of Energy of Russia Anatoly Yanovsky reported to journalists on Friday that Rosneft discussed possibility to develop new blocks with representatives of Venezuela.

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In January – May, Rosneft increased oil production by 39% to 86.2 million tons

In January – May, Rosneft increased oil production by 39% to 86.223 million tons by RAS. The results for April concern the operations of BP-TNK; Rosneft closed the transaction for its purchase on March 21.
In H1, Rosneft increased oil production by 39.8% to 83.857 million tons by ISA.
In May, BP-TNK added to Rosneft’s production 8.4 million tons of oil. The largest production enterprise of Rosneft, Yuganskneftegaz declined production by 0.9% to 32.912 million tons in January – June. Production at Vankor increased by 25.9% to 10.511 million tons.

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TMK wins Gazprom’s tender for supply of petroleum pipes worth 871 million rubles

The trade house TMK (a part of TMK Pipes) has won tender of Gazprom komplektatsiya (a part of Gazprom) for supply of seamless line pipes and OCTG pipes to the total amount of 871 million rubles, a representative of the TMK’s press centre reported to the agency Prime.

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Novak: We to be able to extend ESPO for Rosneft due to increase of a tariff for the company

The financing of the extension of the ESPO oil pipeline for the additional supplies of oil by Rosneft may be carried out on account of an increased long-term pumping tariff for the state company, the Head of the Russian Ministry of Energy ,Alexander Novak reported to journalists.
On March 22nd, Rosneft signed an agreement with CNPC on the principles of crude oil supply to China that intended increase of oil supplies from the current year. The supplies will reach 31 million tons per year at their peak. On May 14, the Rosneft’s Head Igor Sechin stated that the company wouldn’t directly finance the increase of capacities and intended to pay for the transportation according to economicly reasonable tariffs.

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Investment allocated to the second stage of the construction of the Yaya oil refinery will be 30 billion rubles

The start and assembling work is over at the Yaya oil refinery; now the enterprise start operating in the working mode and before 2013 it’s going to refine 2 million tons of crude oil. Now they have got the license at the Federal Service for ecological, technological and nuclear supervision for operation of the enterprise. The projected capacity is 3 million tons annually at the first stage.

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Rosneft produces the 60 millionth ton of oil at the Vankor field

Rosneft has produced the 60 millionth ton of oil at the Vankor oil and gas field, which was launched in August of 2009, Rosnet reports on its site.

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In H1, Russia decreased gas production by 0.8% and exports by 0.5%

In H1, Russia decreased gas production by 0.8% to 335.592 billion cubic m and exports by 0.5% to 96.056 billion cubic m, the Central Dispatch Department of the Fuel and Energy Sector reports.
Production was 240.249 billion cubic m in Gazprom (-4%), 22.84 billion cubic m in Novatek (+3.8%), and 35.760 billion cubic m in oil companies (+7%).
Internal Russian gas consumption decreased by 1.4% to 242.429 billion cubic m.
In June, Russia decreased gas production by 1.5% to 45.091 billion cubic m, and exports increased by 9.5% to 12.809 billion cubic m.

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