NOVATEK AWARDED NEW LICENSES IN KRASNOYARSK TERRITORY

Novatek, the largest independent natural gas producers in Russia, announced obtaining five new licenses on the Krasnoyarsk Territory located in close proximity to the Company’s existing licenses located on the Gydan Peninsula. Novatek-Yurkharovneftegas obtained the right for geological survey licenses for the Khalmeryahskiy, Dorofeevskiy and West-Dorofeevskiy subsoil areas, while Novatek-Tarkosaleneftegas obtained the right for geological survey licenses for the South-Khalmeryahskiy and South-Dorofeevskiy subsoil areas.
The acquisition of five new licenses is in line with the Company’s strategy to expand its resource base on the Yamal and Gydan peninsulas and increase natural gas and liquid hydrocarbon production.
The Krasnoyarsk territory is located in the basin of the Arctic Ocean and lies in the middle of Siberia. It stretches 3,000 km from the Sayan Mountains in the south along the Yenisei River to the Taymyr Peninsula in the north. It borders the Sakha Republic, Irkutsk, the Tuva Republic, the Republic of Khakassia, and Kemerovo, Tomsk, and Tyumen Oblasts, and the Kara Sea and Laptev Sea of the Arctic Ocean in the north.
More than two dozen oil and gas fields have been found. The Vankor Field was discovered in 1988 and officially launched in 2009. The Vankor field has oil reserves 3,800 million barrels (600×106 m3), of which 1,500 million barrels (240×106 m3) are proved reserves, and 95 billion cubic meters of natural gas.
(Source: Novatek – Image Mi-8 helicopter in Vankor field, Krasnoyarsk territory)

KUFPEC DOUBLES INTERESTS IN GINA KROG

September 01, 2017

Kuwait Foreign Petroleum Exploration Company k.s.c. (KUFPEC) announced that its wholly-owned subsidiary KUFPEC Norway AS has reached agreement to acquire...

Read More+
MEYGEN SETS NEW TIDAL ENERGY PRODUCTION RECORD

September 01, 2017

Atlantis, a global leader in the marine power generation sector, provides an operational update for Phase 1A of the MeyGen project in the Pentland Firth....

Read More+
CGG SIGNS VAST OFFSHORE SURVEY PROGRAM OVER BEIRA HIGH

September 01, 2017

CGG announces that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender...

Read More+
ODFJELL SELLS ROBOTIC DRILLING SYSTEMS TO NABORS

September 01, 2017

The shareholders of Robotic Drilling Systems AS (RDS) have today entered into an agreement to sell all shares in RDS to Nabors Industries. Odfjell Drilling...

Read More+
LUNDIN SPUDS EXPLORATION WELL ON BORSELV PROSPECT

August 31, 2017

Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling of exploration well 7220/6-3...

Read More+
BAKER HUGHES WINS MAJOR CONTRACT FOR CORAL SOUTH

August 31, 2017

Baker Hughes, a GE company has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique, underlining...

Read More+
GOANNA EXPLORATION WELL COMMENCES OFFSHORE NORWAY

August 31, 2017

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and...

Read More+
ENGIE TO DEVELOP FIRST WIND PROJECT IN THE GOBI DESERT

August 31, 2017

ENGIE will build and operate the Sainshand wind farm in Mongolia, its first renewable project in the country, located in the Gobi desert. This project,...

Read More+
TOTAL STARTS PRODUCTION OF EDRADOUR AND GLENLIVET

August 30, 2017

Total has started-up production from the Edradour & Glenlivet gas and condensate fields, located in about 300 to 435 metres of water in the West of...

Read More+
TechnipFMC BAGS WEST WHITE ROSE CONTRACT OFFSHORE CANADA

August 30, 2017

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project...

Read More+
FORTH PORTS AND OFFSHORE DECOM FORM JV AF DUNDEE

August 30, 2017

Forth Ports Limited and AF Offshore Decom UK announced the signing of a Heads of Agreement with the intent to establish a new joint venture, AF Dundee,...

Read More+
CGG STARTS ESPIRITO SANTO IV SURVEY

August 30, 2017

CGG announced the start of work on Espirito Santo IV, a large BroadSeis 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo...

Read More+