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Development News

Rosneft & BP Agree to Jointly Develop Subsoil Resources in YaNAO
Russia >> 12/21/2017 - Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves...
Investing in 25 More Years on the Snorre Field
Norway >> 12/21/2017 - Statoil is today, on behalf of the Snorre Unit partners, submitting the plan for development and operation (PDO) of the Snorre Expansion Project to the authorities. At the same time, contracts worth u...
Fenja Field Development Plan Submission
Norway >> 12/20/2017 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the partners in the F...
Alexey Mordashov Granted Approval for the Development of theYakovlevsky Mine Plant
Russia >> 12/20/2017 - Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal” and the Company’s leadership team visited production departments of the Yakovlevsky mine, and approved next year’s business ...
Gazprom Neft & OIEC Present Plans to Develop Iran Fields
Iran >> 12/19/2017 - Russia's Gazprom Neft and the Oil Industries' Engineering and Construction (OIEC) presented to the National Iranian Oil Company (NIOC) their proposals for developing Iran's Azar and Changouleh oilfiel...
Submitted New Plan for Yme Development
United Kingdom >> 12/19/2017 - Operator Repsol submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020...
Karanj Development Negotiations to Be Finalized Next Month
Iran >> 12/19/2017 - Managing director of the National Iranian South Oil Company declared that a contract for the development of the Karanj oil field will be finalised until next month and the contract of Shadegan oil fie...
Rosneft Board Agrees Upon Samotlor Development Program
Russia >> 12/18/2017 - Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field. How...
Signature of SP 11 Subcontracts before March 2018
Iran >> 12/18/2017 - Operator of phase 11 of the supergiant South Pars Gas Field said the subcontracts of the project will be signed with developers by the end of the current Iranian calendar year to March 20 2018. ...
International Cooperation in Developing Homa Gas Field
Iran >> 12/18/2017 - “Research Intitute of Petroleum Industry” (RIPI) has signed a deal with France's Beicip-Fran-Lab for bolstering cooperation in holding studies on Iran's Homa gas field. ...
Key Oil Players Presented Azadegan Plans
Iran >> 12/17/2017 - Several leading oil and gas players have submitted the results of their studies over the development of one of its biggest oil prospects – Azadegan oil field. ...
Aker BP Submits Development Plans for Three Fields Offshore Norway
Aker BP Submits Development Plans for Three Fields Offshore Norway Norway >> 12/15/2017 - Aker BP has submitted the Plans for Development and Operations (PDOs) for the Valhall Flank West, Aerfugl (formerly Snadd) and Skogul (formerly Storklakken) fields to the Norwegian Ministry of Petrole...
Independent Oil and Gas Granted Extension of Blythe Licence in North Sea
United Kingdom >> 12/15/2017 - Independent Oil and Gas plc, the development and production focused Oil and Gas Company, announce that licence P1736 that contains the Blythe gas discovery has been extended by 12 months to 31st Decem...
?rfugl's Plan for Development Submitted
Norway >> 12/15/2017 - DEA Norge and its joint venture partners submitted the final Plan for Development and Operation (PDO) for the gas condensate field ?rfugl (former Snadd) in the Norwegian Sea to the Ministry of Petrole...
Energy Efficiency Management System Receives Gazprom’s Science & Technology Prize
Russia >> 12/8/2017 - The award ceremony for the 2017 edition of Gazprom’s Science and Technology Prize took place at the meeting of the Company’s Management Committee. It was noted at the ceremony that the total economic ...
INPEX, Partners Agree to Extension of Concession Offshore D. R. Congo Block
Congo, Democratic Republic (Zaire) >> 12/6/2017 - Inpex Corporation and its partners Muanda International Oil Company Ltd. (MIOC) and Chevron have reached an agreement with the government of the Democratic Republic of the Congo to extend the duration...
Statoil Submits Plan for Development, Production & Awards Johan Castberg Contracts
Norway >> 12/5/2017 - Statoil has submitted the PDO (plan for development and operation) for the Johan Castberg project on behalf of the partnership with Eni and Petoro. Several major contracts will also be awarded to Norw...
Ale Starts Jacking & Load-Out Scope for Korchagin Field Development
Russia >> 12/5/2017 - ALE has started the first phase of heavylifting scope for the Korchagin oil field development project in Russia. ALE was contracted to perform the engineering, weighing, jacking, load-out and offshore...
Total Paves the Way for New Projects in Angola
Angola >> 12/4/2017 - Patrick Pouyanné, Chairman and CEO of Total, had an audience Monday with Joao Lourenço, recently elected President of the Republic of Angola, and with Carlos Saturnino, new Chairman of Sonangol, the n...
Genel Energy Finds More Oil in Taq Taq Field
Iraq >> 12/4/2017 - Genel Energy plc has announced an update on activity at the Taq Taq field (Genel 44% working interest). The TT-29w well, which was drilled to appraise the northern flank of the Taq Taq field, has been...

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