Halliburton with Fund Energy on Development of YAMAL

Source: www.gulfoilandgas.com 6/17/2014, Location: Asia

Halliburton has executed the first contract geological assessment of Karasevskoe and Yuzhno-Tanlovskoe oil, gas and condensate fields (Project YAMAL) in partnership with Fund Energy. Fund Energy acquired the rights for development of the two fields in public auctions held by the Russian Federal Subsoil Resources Management Agency in 2012 and 2013.

This first contract fits within the framework of a Memorandum of Understanding signed in January 2014 for strategic cooperation in the geological assessment and development of Project YAMAL and other Fund Energy oil and gas projects in Eastern and Western Siberia. Konstantin Schilin, Halliburton’s vice president for Russia Operations, noted that this contract will help the company develop its business in the Yamal region.

Based on plans developed for Project YAMAL, Halliburton will use its expertise in unconventional and mature fields to analyze old exploration wells to obtain subsurface insight and discover new pay zones for potential reactivation. In addition, the company will assist in the development of project documentation for construction of exploration and production wells, and core sedimentology study and log interpretation. Halliburton will provide support for rig sourcing, well construction design, planning and execution of Fund Energy’s drilling program in 2014-2015.

According to Gene Minnich, Halliburton’s vice president for Eurasia, “this strategic arrangement is an integral part of our Russia strategy; and demonstrates our ability to develop new relationships with Russian customers that will bring technology to the forefront, take an integrated services approach, and allow for negotiated contract opportunities with Fund Energy”.

Halliburton will also support Fund Energy’s bid to work with the Export-Import Bank of the United States to arrange long term financing for developing their projects.

For more information about related Opportunities and Key Players visit Caspian Region Projects


Denmark >>  8/3/2022 - Norwegian Energy Company ASA (“Noreco” or the “Company”) has today published an update on the Tyra Redevelopment Project (“Tyra II” or the “Project”) ...
United Kingdom >>  7/31/2022 - Ping Petroleum UK has reaffirmed its commitment to develop the Avalon Field, in the Central North Sea, with rejuvenation plans for the Hummingbird FPS...

Angola >>  7/28/2022 - As part of the rollout of its multi-energy strategy in Angola, TotalEnergies announces the launch of the Begonia oil field, and Quiluma and Maboqueiro...
Norway >>  7/25/2022 - Neptune Energy today announced the safe and successful drilling of four development wells on the operated Fenja field in the Norwegian Sea, in prepara...

United Kingdom >>  7/25/2022 - BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK...
Cyprus >>  7/21/2022 - The Republic of Cyprus' Ministry of Energy, Commerce, and Industry and Chevron hereby declare their mutually beneficial partnership in the development...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.