Sibneft, Oil and Gas
Two vice-presidents returned to the company.
"Bashneft" began the first reshuffle after the return to the state. Currently they are merely cosmetic: two vice-presidents who left it in 2014 returned to "Bashneft". According to "yjr Kommersant", top managers were part of a team of the president Aleksandr Korsik, but raised questions from the ex-owner of "Bashneft" Vladimir Yevtushenko. Their return could indicate that the position of Mr. Korsik is getting stronger, but the experts are still waiting for the new people appear in company.
In Q2, Novatek increased production of gas by 2.6% to 15.59 billion cubic m and oil and gas condensate by 13.2% to 1.356 million tons. In H1, gross production was 31.30 billion cubic m of gas (nearly unchanged) and 2.726 million tons of oil and gas condensate (+14.4%). The ratio of growth in gas production was influenced by withdrawal of the shareholding in Sibneftegaz. Not taking into account this factor, production increased by 9.9% versus H1 2013, and by 12.8% versus Q2 2013.
Sibnefteprovod has completed the welding of the second stage of Zapolyarye-Purpe oil pipeline within the planned dates, despite hard climatic and natural conditions. Now the company prepares for hydraulic testing for the durability and vacuum rating of the linear part that will last until the end of July. The welding and assembling of the second stage was started at the beginning of 2013.
Novatek-Tarkosaleneftegaz holds the work for introduction of unmanned running at the Northern-Khancheysky license siteEdited by Rhod Mackenzie / 2014-06-30 04:41:06
The site is remote from the basic deposits of Novatek-Tarkosaleneftegaz by a large distance. One of the priority production objects meant to be built there is the preliminary gas preparing utility. It will provide gas supplies from 10 wells of the Northern-Khancheysky deposit and 22 wells of the Khadyryakha deposit. The annual production capacity of the utility will be 1.3 billion cubic m for Northern-Khancheysky, and 2.7 billion cubic m for Khadyryakha. Within arrangement of the deposit, they lay a gas pipeline from Northern-Khancheysky to the preliminary gas preparing utility of the Eastern Tarcosale deposit with length of 69 km. They will also lay 28 km of gas collection network to the well clusters.
The chief engineer of the company, D. Pilich says that by now the Nova Company has completed construction of the major line of the and is testing the object. They have arranged the ground for the basic technological equipment and has started its assembly. They are building the collection network of the deposit; after completion of the construction of the preliminary gas preparing utility, the reinforcement joint and wells adjustment, they will launch the object. Probably, it will happen at the beginning of November 2014.
One of the Russian largest oil refiners Bashneft forecasts the unavoidable collapse for many oil refineries in the next few under the scenario similar to Europe, where approximately 20 refineries have closed within the last years faling to the new Asian and Middle Eastern capacities.
The President of Bashneft, A. Korsik says that soon the Russian market will face excessive petrol supplies, and it will be not be advantageous to refine dark oil products. The companies that will fail to improve their plants to the normal state will start losing their shares in the market and suffer from losses, and probably will have to close.
Russia refines annually over 260 million tons of oil, and produces 73 million tons of fuel oil. Its exports will become unprofitable after the planned decraese in the duty for dark oil products to 100% to 66% of oil duty planned by the Government.
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