March 7, 2012
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Editor's Letter

Summer is Great but the Conference Season Approaches

Pat Davis Szymczak

   Diamonds in the snow. Did you notice them scattered on the ice floes pictured on our cover? OGE’s Chief Designer Peter Degtyarev crafted the image as a metaphor that speaks to the...

Main Article

PetroNeft Announces Discovery of New Oil Field in Russia

PetroNeft Resources plc (AIM: PTR), the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has discovered another new oil field in Licence 61 at North Varyakhskaya, the company reported in a news release.

Featured Article

New Oil Discovery On Turkmenistan Off-shore Caspian Field

Engineers with the Turkmenistan state concern Turkmenneft have discovered a significant new powerful commercial flow of oil at the North Koturdep field in the coastal zone of the Caspian, has reported. The well, which is located in shallow waters in the Caspian about one kilometer from shore, hit three new highly-productive layers.

More Top Features

The Geosoliton Component in the Prediction and Delineation of Oil and Gas Deposits

   Prediction and delineation of hydrocarbon accumulations’ migration pathways and formation areas is impossible without the application of the geosoliton concept.

Flexible Strategy. VZBT Offers Equipment Leasing to the Customers

   Interview with Dmitry Sinukov, member of VZBT Board of Directors, the Head of Moscow Office

PGS Strengthens Team in Russia

   The International Petroleum Geo-Services Company (PGS), which conducts marine geophysical studies, will soon strengthen its presence in the CIS. As of August 1, the position of the Head of the PGS Group Representation Office in Russia will be taken by Yuri Ampilov, replacing Alexander Dementyev.

Sibneftegeofizika: Make Oil Exploration Easier

   Sibneftegeofizika Company celebrates 40th anniversary. Sibneftegeofizika general director Stanislav Losev tells a story of company success.

Searching for New Horizons

   Building on over 175 years of manufacturing high quality, reliable and innovative products, Sulzer pumps searches for new horizons in Russia.

Cables That Perform Better

   With its ups and downs, the global economy is making increasingly high demands of manufacturers in terms of efficiency and production safety from year to year. For oil and gas companies, this topic is particularly relevant since the safe and uninterrupted operation of equipment is a prerequisite for efficient production.

New Heights for Downhole Drilling

   Precision matters when spending millions of dollars drilling for minerals or oil and gas in harsh environments such as the North Sea, the frozen Arctic or scorching deserts of North Africa. That’s why more and more drilling companies are relying on gyroscopic surveying tools for accuracy.

Advantages of LIMS Integration with Corporate Information Systems – Meet Solutions from Thermo Fisher Scientific

   One of the most common reasons for purchasing laboratory information management systems (LIMS) is the ability to integrate laboratory tools and corporate information systems to streamline information management.

Funing Hongda Petrochemical Machinery Co. Presents Innovative Technical Equipment for Russian Oil&Gas Sector

   Funing Hongda Petrochemical Machinery Co., Ltd, was founded in1979, with 30 years experience in researching, developping and producing downhole tools. We are committed to providing customers with the best downhole operation services using economic and efficient means.

Advanced Offshore Sakhalin Development Technology

   One of the key structures of the Sakhalin-3 project is the Kirinskoye gas condensate field, located in the Okhotsk Sea 28 kilometers east of Sakhalin and 15 kilometers east of Lunskoye deposit.

A Difficult Road to the Arctic

   Early this year, Rosneft and ВР announced the establishment of a strategic alliance that offered the British company the prospect access to some of the largest hydrocarbon reserves in the Arctic, while giving the Russian company the right to be called an international company. In the end, however, the deal of the century failed to materialize.

Russia, Europe Talk Energy&Gas

   As soon as the Third Energy Package gained force, European energy companies spoke out sharply against the document, which Russia, for one, had all along openly described as an anti-Gazprom document.

Shtokman Drilling: Peculiarities in the Process

   Etienne Bourdelet, head of Shtokman Development AG (SDAG) Drilling Directorate and Anatoliy Verkienko, drilling engineer, discuss how drilling will be performed within the scope of the Shtokman project.

MIOGE 2011: Fuel and Energy Sector Under Revamp

   Modernization – one of Russian President Dmitry Medvedev's favorite words – was the leitmotif of the 11th International Exhibition Oil and Gas/MIOGE 2011 and the 9th Russian Petroleum and Gas Congress/RPGC 2011, held in Moscow, which were attended by more than 36 companies from 1,000 countries.

Kazakhstan Corrects Its Mistakes

   In early 2000, the Republic of Kazakhstan adopted a policy of industrial and innovative development aimed at weaning the country off its dependence on the sale of raw materials.

Renewed Optimism in the European Oil and Gas Sector

   As operators and EPC companies gather at Offshore Europe this year, they will be greeted by a general sense of renewed optimism in the European offshore oil  and  gas sector.

Reaching Parts of the Reservoir That Other Technologies Can’t Reach

   As operators and EPC companies gather at Offshore Europe this year, there will – as always – be a dazzling array of reservoir monitoring technologies on display, claiming to provide operators with information on every facet of their offshore production systems.

Russia's Rosneft, Exxonmobil Ink Arctic Deal

Russia's state oil champion Rosneft on Tuesday inked an important Arctic exploration agreement with the ExxonMobil after its $16 billion deal with Britain's BP collapsed earlier this year. The strategic cooperation agreement's signature was overseen personally by Prime Minister Vladimir Putin.

Russian Bailiffs Raid BP’s Moscow Office

Russian security forces have raided the Moscow offices of BP in a search for documents related to the British oil giant’s failed attempt to sign a deal with Russia to extract oil from the Arctic.

New Law To Open Russian Shelf For Foreigners

A new bill from the Russian Ministry of Environment will deprive Gazprom and Rosneft of their monopoly position on the shelf and open the door for foreigners.

The bill will allow foreign companies to engage in production on the Russian shelf. It has already been coordinated with other federal ministries and is currently on the table of the government, newspaper Vedomosti reports.

Total Makes A Major Gas Discovery In The Caspian Sea

Total announces a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan. The Absheron X-2 well has encountered more than 500 feet of cumulated net gas pays within high quality sands on the northern flank of a major 270 square kilometres structure. Reservoirs are expected to extend over the entire northern part of the structure.

OPEC Crude Oil Output Climbs to 30.13 Million Barrels Per Day in August

The Organization of the Petroleum Exporting Countries (OPEC) boosted its crude output by 130,000 barrels per day (b/d) in August to pump an average 30.13 million b/d throughout the month, according to the Platts monthly survey of OPEC and oil industry officials and analysts.

Russian Technopark Prepares for International Forum NefteGazTEK-2011

Tyumen is preparing to host the international innovation forum NefteGazTEK which will be held at the Tyumen technopark where the congress-hall will be the main forum for discussion. Deputy director of the West-Siberia Innovation Center, Dmitriy Grigoryevm, noted that on-line broadcasting of the event will be sent from the 238-seat auditorium on the forum website. Last year's debut forum was attended by 576 delegates.

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