Total Oil

Total waits for Gazprom’s decision on new partner for Shtokman

The attraction of a new partner to the Shtokman field project will depend on Gazprom’s decision, the Total Exploration and Development Russia’s General Director, Jacques de Buasseson reported.
“This will depend on Gazprom,” – he said. Besides, the company’s Head confirmed that Total keeps plans on increase of its share in Novatek to 19.4% and participation in development of Arctic deposits of Russia. At the same time, Buasseson added that it’s too early to talk about any concrete projects in the Arctic.

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$3 billion spent within the framework of the second stage of development of “Shakh Deniz”

There has been already spent about $3 billion within the second stage of development of the Azeri gas condensate deposit “Shakh Deniz”, the head of SOCAR (state-run company of Azerbaijan) R.Abdullaev said.
According to him, there kept operation and final investment decision is expected at the end of the year.

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Novatek and CNPC agree on terms of Yamal LNG’s gas purchase

The largest Russian independent gas producer Novatek and CNPC have signed terms of the agreement on gas purchase from the Yamal LNG project, provided for construction of a LNG plant in Yamal.
The document was signed during the visit of the Russian Prime Minister Dmitry Medvedev to China by the Novatek’s Head Leonid Mikhelson and the Head of the CNPC’s Board of Directors Zhou Jiping.

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State Expertise has agreed Yamal LNG project for sea port infrastructure construction

Yamal LNG JSC has been granted a positive verdict of the State Expertise for the results of engineering research and design documentation for the sea port objects construction nearby the settlement of Sabetta at Yamal including construction of a ship approach channel at the Ob Bay.
By the beginning of October 2013, Yamal LNG was granted all the necessary ecological and expert state agreement of the design documentation necessary for the construction of the of infrastructure, production, preparing and liquefying of gas at the South Tambey deposit and LNG and gas condensate dispatching in the port of Sabetta.

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The RF Main State Expert Review Board approves the project of Yamal LNG

Yamal LNG Plc. obtained the positive conclusion of the RF Main State Expert Review Board about the results of the engineering surveys and the design documents for construction of the sea port objects near Sabetta settlement in Yamal, including foundation of a navigable approach channel in the Gulf of Ob, the company reports.
In the beginning of October 2013 Yamal LNG obtained all geological and expert state approvals of the design documents necessary for construction of infrastructural objects, extraction, preparation and liquefying of gas at South Tambei deposit and dispatch of LNG and gas condensate in the port of Sabetta, is said in the report.

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Oil production at Kashagan made up 60 thousand barrels a day, Mynbaev

Oil production at the Kashagan deposit made up 60 thousand barrels a day, S.Mynbaev, the head of “KazMunaiGaz” said.
“There arrive significant investments in oil-and-gas sector of our country and implemented large scale projects every year. One of the projects is Kashagan. Oil production at the deposit make up 60 thousand barrels a day,” Mynbaev said at an opening of the VIIIth Eurasian forum “KazEnergy”.
“This is a significant event for us. We expect oil production increase up to 108 million tons a year by 2025 (79 million tons in 2014),” he said.

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Oil extraction at Kashagan has resumed

Oil extraction has resumed at the giant oil and gas deposit Kashagan in Kazakh sector of the Caspian Sea,the Kazakh Ministry of Oil and Gas reports.
Oil extraction at the shelf of the Caspian Sea started on September 11th and was stopped on September 25th due to the problems revealed at the gas pipeline. As it was previously reported by the Minister of Oil and Gas, Uzakbai Karabalin, the stopping of oil extraction at Kashagan mustn’t affect the commercial extraction at the amount of 75 thousand barrels per day planned in October 2013.
“On October 6th the wells of Kashagan were opened after the repair, oil extraction was resumed without problems”, is said in the report.

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“Gazprom bureniye” drilled the first 4 bore holes at the Thermokarst deposit

The construction of the bore holes No 211, 212, 201 and 207 at the Thermokarst oil-and-gas condensate deposit in the Yamal-Nenets Autonomous Area has been carried out within the frame of an agreement with CJSC “Terneftegas” (JV of OJSC “NOVATEK” and the French “Total”).
There has been reached a record in the drilling of deep operational wells at the construction of the bore hole No201. There was drilled an extended reach drilling well (ERD) of 5240 meters in depth, with a horizontal displacement of 3603 meters, an open hole of 2024 meters and a horizontal section of 1507 meters. The work has been done by 20 days ahead of time.

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Breakdown at Kashagan will not influence reaching commercial production

The Minister of Oil and Gas of Kazakhstan U. Karabalin says that the postponement in oil production at Kashagan will not influence it reaching commercial production, i.e. 75,000 barrels, planned for October 2013. Production was postponed on September 25 for 3-4 days due to breakdown at the pipeline. Oil production at Kashagan began on September 11th 2013. Those who participate in the project are Kazmunai Gas, Eni, ExxonMobil, Royal Dutch Shell, Total and Inpex. KMG bought 8.33% in the project from CNPC.

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Japanese or Indian consortium is going to be the 3d partner of NOVATEK upon the project of “Yamal LNG”

“NOVATEK” may choose the third partner in the project “Yamal LNG” from 2 consortiums (Indian and Japanese), which fight for the right to buy a stock of shares at 10% minus 1 share. “Vedomosti” reported citing the sources close to the project.
“According to our sources the partner has been chosen. In one of the next few days it will be introduced to other participants of the project for their approval,” one of the sources said.

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