UOR News

Gazprom Neft: Multi Stage Fracturing

Gazprom Neft: Multi Stage Fracturing

Twenty years ago the company performed its first hydraulic fracturing on the testing ground of Noyabrskneftegaz’s Karamovskoye field. Since then, the hydraulic fracturing technique has become ever more sophisticated...

NovosibirskNIPIneft: Smart Wells – Downhole Monitoring

NovosibirskNIPIneft: Smart Wells – Downhole Monitoring

The objective of production well flow performance and other parameter monitoring is to optimize oil and gas production. This article describes the concept of continuous downhole monitoring of operating well perforation intervals...

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton Company and Baker Hughes Incorporated today noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the views expressed by the Commission at this stage are preliminary only...

Gazpromneft Khantos: Acquires the Maloyugansk and Zapadno-Zimnee Licence Blocks

Gazpromneft Khantos: Acquires the Maloyugansk and Zapadno-Zimnee Licence Blocks

Gazpromneft Khantos has acquired two new exploration and production (E&P) licences, for the Maloyugansk and Zapadno-Zimnee fields in the Khanty Mansiysk Autonomous Region. These new assets, acquired by auction, adjoin the currently developed Yuzhno-Kinyaminsk and Zimnee fields. The licences are valid for a period of 25 years...

Gazprom Neft: Completes Testing of Priobskoye Directional Wells

Gazprom Neft: Completes Testing of Priobskoye Directional Wells

Gazprom Neft has completed testing of four directional wells (drilled to investigate reserves within the Bazhenov formation) at its concession within the southern area of the Priobskoye field (Khanty Mansiysk Autonomous Region). The results obtained have allowed the resolution of the key issue underpinning the first stage of this project...

Gazprom Neft Khantos: Completes First Shale Oil Hydraulic Fracturing

Gazprom Neft Khantos: Completes First Shale Oil Hydraulic Fracturing

“Gazprom Neft-Khantos” completed the first two test wells drilled in the south licensed the Ob field to explore reserves Bazhenov horizon. Both directional wells conducted hydraulic fracturing (HF), a flow of hydrocarbons in the near future will be completed testing of two similar wells...

Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion

Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion

Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014...

C.A.T. oil AG: Retains 2014 Outlook and 390m Euro Investment – Sanctions Not to Have an Effect

C.A.T. oil AG: Retains 2014 Outlook and 390m Euro Investment – Sanctions Not to Have an Effect

C.A.T. oil AG,one of the leading providers of oil and gas field services in Russia and Kazakhstan, reiterates its outlook for the current fiscal year following the initial assessment of the effects of the latest EU and US export restrictions for the Russian oil industry. C.A.T. oil expects revenues in the range of EUR 420 to 450 million and EBITDA in the range of EUR 113 to 121 million for 2014...

New Generation 3M Proppants – Applications In Hydraulic Fracturing

New Generation 3M Proppants – Applications In Hydraulic Fracturing

Horizontal wells drilling instead of vertical wells allows to drill directly in the reservoir, wellbore in the productive interval may reach up to 9 kilometers of the horizontal section, thus increasing drainage area several times compared to the vertical wells, drilling in just a few meters in to the pay zone...

LUKoil and Total Sign Unconventional Joint Venture

LUKoil and Total Sign Unconventional Joint Venture

As part of the St. Petersburg International Economic Forum 2014, Vagit Alekperov, OAO LUKOIL President, and Christophe de Margerie, CEO and Chairman of Total Group’s Board of Directors, agreed on general conditions of participation in a joint project focused on the exploration and development of unconventional hydrocarbon reserves in the Khanty-Mansi Autonomous Okrug-Yugra in the Russian Federation...

Salym Petroleum Development Drills 900th Salym Well

Salym Petroleum Development Drills 900th Salym Well

On 25 May 2014 Salym Petroleum Development N.V. (SPD) drilled its 900th well on the Salym group of fields since the execution of the Salym Project began in 2003. The anniversary well, 3150 meters deep, was drilled on the Upper Salym field in 14.41 days. It’s a first sub-horizontal well to BS-8 formation in SPD...

Rosneft and BP Sign Agreement on Development of Domanik Formations

Rosneft and BP Sign Agreement on Development of Domanik Formations

Rosneft and BP Exploration Operating Company Limited signed a Heads of Agreement on Domanik formations. The document was signed today within the framework of the St. Petersburg International Economic Forum by Rosneft President and Chairman of the Management Board Igor Sechin and BP Russia President David Campbell...

Tight Oil Developments in Russia

Tight Oil Developments in Russia

Production of unconventional oil has transformed the US energy landscape, creating the potential for that country to reduce its reliance on oil imports and to contribute to the possibility of North America’s becoming energy independent by the end of this decade...

Salym Petroleum Development Started Drilling 1st Bazhenov Well

Salym Petroleum Development Started Drilling 1st Bazhenov Well

Salym Petroleum Development (SPD) started drilling the first horizontal appraisal well in Bazhenov formation in Upper Salym as a part of pilot project which provides for construction of five horizontal appraisal wells in 2014-1015 using multifrac technology...

Rosneft and Statoil Move Forward With Shale Oil Cooperation in the Samara Region

Rosneft and Statoil Move Forward With Shale Oil Cooperation in the Samara Region

Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, and Helge Lund, Statoil CEO. This is another significant step forward following the Heads of Agreement for shale oil cooperation signed in June this year...

The Bazhenov Formation In Search of Big Shale Oil in Upper Salym, Part 2

The Bazhenov Formation In Search of Big Shale Oil in Upper Salym, Part 2

As noted in the first part of this article (ROGTEC #34), there are two ways to develop shale oil formations. The first method is to search for “sweet spots” using remote methods (seismic, etc.) followed by the drilling of exploration wells in areas that appear promising. This is way the Soviet and Russian oil companies have been approaching it for the last 45 years, and they have produced no more than 5 million tonnes of oil in that time...

RITEK Thermal Gas Treatment at the Bazhenov

RITEK Thermal Gas Treatment at the Bazhenov

Although the development of unconventional resources is a challenging task, the need to focus on this area is becoming ever more important. As a result, new and improved technologies are being implemented to produce more hydrocarbons from unconventional fields. At RITEK, we are working hard on innovative methods that will allow cost effective production for the challenging reserves found at the Bazhenov formation...

LUKOIL-AIK Hydraulic Fracture Mapping in Western Siberia

LUKOIL-AIK Hydraulic Fracture Mapping in Western Siberia

Microseismic monitoring is one of the most efficient methods for hydraulic fracturing mapping. Its principle is based on monitoring micro-earthquakes in the strike-slip fault zones at the fracture propagation direction, or in the zones of natural fault activation. Microseismic events are recorded by a borehole geophone array located in a nearby monitoring well. Good planning and pre-job preparation are very important...

Interview Thomas Reed, CEO of Ruspetro, Discussing thier Tight Oil Plays

Interview Thomas Reed, CEO of Ruspetro, Discussing thier Tight Oil Plays

Thomas Reed, CEO of Ruspetro and a founding shareholder. Prior to joining the Group Mr Reed was a private equity and M&A advisor and investor based in Moscow. Since 1995 he has been involved in the origination, trading, and research of different classes of assets, such as equity and equity derivatives, distressed debt, and debt derivatives...

1st Unconventional Oil Russia Technology Conference, 14th May 2014, Moscow

1st Unconventional Oil Russia Technology Conference, 14th May 2014, Moscow

The Mobius Group is proud to announce the official launch of the 1st UOR, Unconventional Oil Russia Technology Conference. Taking place on the 14th May 2014 in Moscow, the UOR will become Russia’s leading forum on technology adoption and implementation for the development of unconventional, tight and shale oil plays...

Gazprom to Continue Shale Gas Market Investigation

Gazprom to Continue Shale Gas Market Investigation

The Gazprom Board of Directors took notice of the results of a survey on the shale gas sector development throughout the globe. It was mentioned that the core structural units of Gazprom Group continued investigating the progress with shale gas production...

The Bazhenov Formation: In Search of Big Shale Oil  in Upper Salym

The Bazhenov Formation: In Search of Big Shale Oil in Upper Salym

Mainstream news has recently been reporting about the success of alternative energy and oil and gas production has significantly increased in the US due to the “shale gale”. This has had a knock on effect to many other organisations related to the power industry and they have reacted accordingly...

Gazprom Neft: Developing Unconventional Hydrocarbons

Gazprom Neft: Developing Unconventional Hydrocarbons

Modern global estimates of unconventional hydrocarbon reserves all point to huge development potential. Currently, unconventional oil and gas production only account for about 1% of global output, however the development of unconventional reserves is demonstrating steady growth and the potential to compete with production from traditional reserves. It is estimated that by 2020-2025, unconventional oil and gas production will rise to 5% of global output...