Page 12 - FSUOGM Week 24 2019

FSUOGM PROJECTS & COMPANIES FSUOGM
NCOC discloses plans for Kashagan satellites
KAZAKHSTAN
THE North Caspian Operating Co. (NCOC) is planning to sink at least 30 wells as part of devel- opment plans at two elds in the vicinity of the giant Kashagan oil project.
e North Caspian contract area operated by NCOC contains Kashagan and several smaller deposits. e largest of these satellite elds is thought to be Kalamkas-More, with an esti- mated 1.2 billion barrels of recoverable oil.
A er Kashagan’s launch in late 2016, NCOC began cra ing plans for the joint development of Kalamkas-More with another field called Khazar, which lies on the neighbouring Zhem- chuzhina block operated by Royal Dutch Shell and Oman Oil. Shell is also a shareholder in NCOC.
In comments to Kazakh news agency Kazinform on June 14, NCOC’s managing director Richard Howe said a project plan was being drafted and would be presented to the government.
“It is assumed that the development of these elds will require the drilling of more than 30
wells,” he said. Citing unidentified experts, Kazinform claimed production from the project was slated to reach 100,000 barrels per day.
Howe added that NCOC had “explored numerous options” for developing two more of Kashagan’s satellites, known as Aktote and Kairan. These fields are similar to Kashagan, he said, with high-pressure reservoirs found at depths of 3 to 4.5 km under the sea bed. Like Kashagan, their oil also has a high sulphur con- tent. According to Howe, they may be developed as part of subsequent phases at Kashagan.
Kashagan recently reached an all-time pro- duction high of 400,000 bpd following a 45-day maintenance shutdown. NCOC has said before that output could climb to as high as 470,000 bpd under its initial development phase. e consor- tium is currently in talks with the government on an expansion project.
Besides Shell, NCOC’s members include China’s CNPC, Italy’s Eni, ExxonMobil, Kazakh- stan’s KazMunayGas (KMG), Japan’s Inpex and France’s Total.™
RUSSIA
Udmurtneft commissions new field
Udmurtne – a joint venture between Russian state oil company Rosne and Chinese national energy group Sinopec – has commissioned the Vesenneye oil eld.
In a statement on June 13, Udmurtne said that seven wells were already in operation at the eld and would be joined by three more during the future. Roads and an oil collection network are under construction. e project will make use of infrastructure at the nearby Liveskoye eld.
Udmurtne controls 33 oil elds in the Volga-Urals area of Udmurtia. It is one of Rosne ’s biggest production units alongside Yuganskne egaz, Tomskne , Vankorne and Purne egaz.
June 14 2019
NEWS IN BRIEF
Zarubezhneft begins sales
of APG at Kharyaginskoye
field
Russian state oil company Zarubezhne
has begun the commercial sale of associated petroleum gas (APG) from the Kharyaginskoye. e company expects to sell 18 million cubic metres of gas per year to the Usinsky gas processing plant (GPP) operated by Lukoil, for 15mn rubles (US$230,000) in revenues.
Zarubezhne will utilise 44% of APG produced at the Kharyaginskoye eld thanks to its arrangement with Lukoil. It aims to expand the share to 74% a er the commissioning of new facilities. e share should reach 95% by the end of 2021.
e Kharyaginskoye eld lies the
northern Nenets region and is operated by Zarubezhne with a 40% stake. Its partners are Norway’s Equinor, France’s Total and local company Nenets Oil.
June 14 2019
Gazprom Neft to double dividends for 2018
Gazprom Ne ’s shareholders have approved
a dividend payment of 30 rubles (US$0.47) per share from its pro ts last year, up from
15 rubles (US$0.23) per share in 2017. e policy was approved at an annual general meeting (AGM) of shareholders on June 14 in St Petersburg. Total dividend payments stand at 142.2bn rubles (US$2.2bn), representing 37.8% of the company’s net income in 2018 under international nancial reporting standards (IFRS).
June 14 2019
Russia plans to increase LNG output fivefold by 2035
Russia plans to increase production of LNG vefold by 2035 to 120mn tonnes per year, Energy Minister Alexander Novak told the Nikkei newspaper on June 14.
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Week 24 19•June•2019