Total Oil

Tajikistan to sign an agreement with Total SA and CNPC

An agreement among the Government of Tajikistan and companies Total SA and China National Petroleum Corporation (CNPC) on joining of these companies to production sharing agreement will be signed in the capital of Tajikistan today. It is a question of acquisition of a share (33% by each of the companies) in the contract of sharing of production from oil and gas perspective areas, located in the territory of southern Tajikistan.
As it became known from the report of the Novosti Tajikistana, after the signing of the contract obligations to invest the search and extraction at perspective hydrocarbon areas in southern Tajikistan will be shared among three foreign investors.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Tajikistan’s Gas Boom: Prosperity or Conflict?

hina’s vigorous quest to secure consistent gas supplies may help underwrite a natural gas-fuelled boom in Tajikistan, which so far has been Central Asia’s poorest and most energy-starved republic. A gas boom in Tajikistan will require astute financial and political management to minimize disruptions that sudden, large foreign investments and revenue inflows could cause. Dushanbe will also face foreign policy challenges from increased competition between Russia, which considers Tajikistan part of its Near Abroad, and China, which will likely become Tajikistan’s most important economic partner.
Tajikistan’s Bokhtar region – which at 35,000 square km is larger than the American state of Maryland – could hold as much as 114 trillion cubic feet of gas and 8.5 billion barrels of crude oil and/or condensate, according to Gustafson Associates.  As such, Tajikistan’s gas and oil reserve base could ultimately prove to be on par with that of the world-class offshore gas discoveries being made off East Africa. In March 2013, CNPC spent US$4.2 billion to purchase a 20 percent stake in Mozambique’s Area 4 from Eni of Italy. Area 4 could contain 75 trillion cubic feet of gas – enough to supply China’s annual consumption for 14 years, based on 2011 demand levels.  Yet in Tajikistan, CNPC could potentially access even larger reserves, with the added bonus that geographic and security constraints make them captive supplies for China’s large and growing natural gas market.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Production of oil at the Kashagan deposit should start before September 2013 after another delay

The production of oil at the Kashagan oil deposit in the Kazakh sector of the Caspian Sea should start before September 2013, the Minister of Oil and Gas of Kazakhstan S. Mynbayev says. If it starts later then in accordance with the agreement of 2008 the consortium will bear expenses that will not be compensated by Kazakhstan.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Integra to provide the services of operational drilling at Yamal LNG until 2018

The Group of companies Integra has signed a long-term contract on the providing of services to Yamal LNG (which shareholders are Novatek and Total). Within this contract Integra will provide the services of operational drilling on the basis of daily rate at the South-Tambei deposit, located in Yamal, the company reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Novatek to attract at least 2 partners to Yamal LNG project

The largest independent gas producer Novatek is going to attract at least 2 partners to Yamal LNG project, the CFO M. Gateway says. The destiny of the project depends on the sales market and does not depend on the decision of the Russian Government about liberalization of LNG exports.  Novatek negotiates now about LNG supplies to Japan, and regard the APO market as the main priority. The current partner of Novatek in Yamal LNG project is Total.
Translated by Nadezhda Poltoratskaya       

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Rosneft, Lukoil and Novatek have successfully passed through the selection for participation in the tender for Lebanon shelf

Three Russian companies Rosneft, Lukoil and Novatek have successfully passed through the pre-qualification selection process for participation in the first license round for geological exploration at the Lebanon shelf, the Minister of Energy of Lebanon J. Basil says.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Industrial gas production from Absheron will start in 2020

Industrial gas production from the Absheron offshore gas deposit will start in 2020, the President of Total Azerbaijan, C. Guticelli says. By 2014, Total will present to SOCAR the program of the deposit development. Within the first stage the company is going to annually extract 3-5 billion cubic m of gas. They will also perform the special work for the necessary infrastructure construction. Now Azerbaijan does not have a free semi-submersible drilling rig and that’s why no wells drilling is presupposed at the deposit.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

FAS permits Total’s subsidiary to buy 50% in Gazpromneft-PMB

The Russian Federal Antimonopoly Service has permitted the French Total’s subsidiary – Total East – to buy 50% in the authorized stock of Gazpromneft-PMB, FAS reports.
FAS considered and granted a corresponding request.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom and Total to sign a new agreement by Shtokman

Gazprom and Total will prepare a road map aimed at the signing of a new agreement on the realization of the Shtokman deposit’s development in the Barents Sea. The heads of 2 companies, A. Miller and C. de Margerie, agreed on Thursday.
On Thursday at the central office of Gazprom a working meeting of the chairman of Gazprom, A. Miller, and the head of Total SA, C. de Margerie, took place. The parties discussed the cooperation by the project at the Ipaty and Akio blocks in Bolivia. This week the Parliament of Bolivia approved the agreement according to which Total will give a part of its stake in the project to Gazprom.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gazprom to receive 25% of Total’s share in Bolivian deposits - Ipati and Akio

French Total will transfer 25% of its participation share in the Bolivian deposits Ipati and Akio to Gazprom, the Bolivian Ministry of Energy reports.
Yesterday, the Bolivian legislators approved a draft that permits to transfer the Total’s share to the Gazprom’s subsidiary. Earlier, Total had 80% in the project.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer