CIS region

Tethys doubles shallow gas production onshore Kazakhstan

Submitted by Paddy Harris on 14th January 2015

14th January 2015

Tethys Petroleum has announced that the new phase of gas production is on stream and is producing at more than double previous production

Xinjiang Zhundong-led group eyes USD 100m Galaz acquisition onshore Kazakhstan

Submitted by Paddy Harris on 8th January 2015

08th January 2015

Xinjiang Zhundong Petroleum Technology company has announced that it is leading a consortium seeking to acquire 100 per cent of the equity and associated debt of the Galaz Contract Area onshore Kazakhstan by the acquisition of the Kazakh entity Galaz & Co LLP that holds the licence for the Galaz Contract Area for an aggregate consideration of no more than USD 100m

Serinus sees gas flowing onshore Ukraine

Submitted by Paddy Harris on 7th January 2015

07th January 2015

Serinus Energy has announced that the Makeevskoye-22 (M-22) exploration well has reached its total depth of 3,629 metres, and has encountered gas in six zones

JKX sees gas sales woe in Ukraine and suspends production

Submitted by Paddy Harris on 7th January 2015

07th January 2015

JKX has decided that the combination of Ukrainian government-imposed restrictions on selling its gas to industrial clients and the punitive rate of gas production tax has required the company to suspend its planned 2015 capital investment programme in Ukraine until the economic parameters for investment improve

Tethys given extra time for Doris oilfield development in Kazakhstan

Submitted by Paddy Harris on 6th January 2015

06th January 2015

Tethys Petroleum has announced that its wholly owned Kazakh subsidiary, TethysAralGaz LLP (TAG), has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Akkulka Exploration Contract for another four years, from March 10, 2015 to March 10, 2019 (subject to certain routine amendments to the contract)

BP and Socar ink plan to exploit Caspian Sea shallow waters off Azerbaijan

Submitted by Paddy Harris on 22nd December 2014

22nd December 2014

BP and Socar ink plan to exploit Caspian Sea shallow waters off Azerbaijan

BP and Socar (the state oil company of the Republic of Azerbaijan) have today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea

Eni reaffirms commitment to Kashagan

Submitted by Paddy Harris on 22nd December 2014

22nd December 2014

The prime minister of Kazakhstan, Karim Massimov, and the minister of energy, Vladimir Shkolnik, met Eni’s CEO Claudio Descalzi in Astana to bolster exploration and production relations

Roxi and Sinopec spud Deep Well 801 in the BNG Contract Area of Kazakhstan

Submitted by Paddy Harris on 15th December 2014

15th December 2014

Roxi and Sinopec spud Deep Well 801 in the BNG Contract Area of Kazakhstan

Roxi has confirmed that Deep Well 801 has been spudded as planned in the BNG Contract Area of Kazakhstan

Roxi warns of possible three-month testing delay at Deep Well A5 onshore Kazakhstan

Submitted by Paddy Harris on 1st December 2014

01st December 2014

Roxi warns of possible three-month testing delay at Deep Well A5 onshore Kazakhstan

Roxi Petroleum has seen further set backs at its Deep Well A5 in the BNG Contract Area of Kazakhstan, with well testing possibly taking another three months to complete after a series of delays