Russia
TNK-BP could soon lose its license to operate the giant Kovytka gas field in Siberia, and the company has filed suit in a local, Irkutsk court to gain a new interpretation of its license. 
Imperial Energy heralded on Friday the finding of “very promising hydrocarbon reservoirs” without the specifics of well testing, as the company explores the Festivalnoye field in the Tomsk region of Western Siberia. 
Ireland-based Caspian player Dragon Oil has struck oil from a rig in the Caspian Sea and has already has the drill bit in similar formation, it was understood Friday. 
Russia has Turkmen and Kazakh agreement to build an oil pipeline through its territory for hydrocarbon riches from the Caspian Sea, it was widely reported at the weekend.
U.K.-based Rusia player, Matra, has hired a rig to a drill a $4.5-million well into the Sokolovskaya prospect in Siberia, it was learned Thursday. 
Russian Industry and Energy Minister Viktor Khristenko has issued a call to the European Union not to politicize a planned stoppage of the Druzhba pipeline to the Baltic States. 
High-pressure well-fracturing technology is nowhere to be had in the Republic of Georgia, according to E&P outfit CanArgo, who Monday reported it had to give up stimulating the M12 well for want of special, high-pressure kit. 
Russian oil company OAO Lukoil has posted net income of $7.48 billion for 2006, a 16.2-percent hike on hydrocarbon sales that rose 21.4 percent. 
PetroNeft Resources plc, owner and operator of Licence 61, Tomsk Oblast, Russian Federation, through wholly owned Russian subsidiary Stimul-T, announces the initial results of the first modern delineation well at the Lineynoye Oil Field in Western Siberia and progress on two further wells on the Licence.
Imperial Energy has had a “constructive” meeting with the Russian Environment Ministry’s supermajor nemesis Oleg Mitvol in Tomsk region, where the company recently built two pipelines. 
Russia’s first offshore arctic development looks set to be a loading tower at Varandey in the Arctic and a new export system of sub-sea pipelines at Yamal island in the Arctic, it was understood Wednesday. 
The giant Shtokman gas field in the Russian Barents Sea will cost “$16 billion overall” with a gas pipeline to Vyborg on the Baltic coast, plant for liquefied natural gas west of the city at Tyribuka village plus a plan to develop Murmansk port, _OilGas24_ learned at the weekend. 
Kazakh oil company BMB Munai has said that its daily production from one of a number of wells being drilled on the ADE Block and Kariman field averaged 2,337 barrels of oil per day.
The Moscow office of Norway-based supplier contractor Aker Kvaerner have been raided by Russian police, it was learned Friday.
U.K.-based Hungarian acreage-owner Matra Petroleum has agreed to swap new shares in itself of a piece of Russiaan acreage 1,000-odd kilometres south of Moscow, a statement to shareholders said Thursday. |
||||||||
|
