Image - BP and Rosneft Create Joint Venture to Develop Prospective Resources in East and West Siberia

BP and Rosneft Create Joint Venture to Develop Prospective Resources in East and West Siberia

Rosneft and BP have today signed final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation. The document was signed at the XX St Petersburg International Economic Forum (SPIEF) by Rosneft CEO Igor Sechin and President of BP Russia David Campbell. The joint venture will focus on onshore exploration of two Areas of Mutual Inter...

Exploration - Jun 17, 2016


Image - Statoil Completes Efficient Exploration Drilling Campaign Offshore Newfoundland

Statoil Completes Efficient Exploration Drilling Campaign Offshore Newfoundland

Nine wells were drilled safely and efficiently by the Seadrill West Hercules in the Flemish Pass Basin, located approximately 500 kilometres east of St. John's, Newfoundland and Labrador. The results have improved Statoil's understanding of the frontier Flemish Pass Basin. The drilling program included four exploration wells in close vicinity of the 2013 Bay du Nord discovery, as well as three appraisal wells on the discovery. In addition, two...

Oil and Gas - Jun 10, 2016


Image - Statoil Farms Into Turkey Onshore Acreage

Statoil Farms Into Turkey Onshore Acreage

Statoil will have a 50% interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration company listed on the Toronto Stock Exchange will keep the remaining 50%. The shallow formations above 2,500 meters will be 100% retained by Valeura. The work programme in the licences consists of several phases, where the first includes the commitment of drilling one exploration well, with planned spudding late 2016 or earl...

Oil and Gas - May 16, 2016




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