Page 11 - FSUOGM Week 25

FSUOGM PROJECTS & COMPANIES FSUOGM
Novatek seeks Gydan driller
RUSSIA
RUSSIAN gas supplier Novatek is seeking a con- tractor to drill and test a well at a gas block strad- dling the shore of the Gydan Peninsula.
According to an online tender notice, the company has invited bids for the construction of the R-60 well at the Geo zichesky contract area. The borehole will be drilled a depth of 2,700 metres near the shore of the Ob Bay, in order to determine whether a previously iden- ti ed onshore Jurassic reservoir extends into the block’s western o shore section.
Novatek acquired exploration and produc- tion rights in 2011 to the Geo zichesky block, which contains the Geo zicheskoye eld dis- covered in 1975. e company wants to exploit the gas resources at Geo zicheskoye as well as its other deposits on Gydan – Utrenneye, Gydan- skoye, Shtormovoye and Ladertoyskoye – to underpin the development of its 19.5 million tonne per year Arctic LNG-2 terminal and other export projects in the area.
Novatek plans to sink an additional o shore borehole at Geo zichesky, R-65, due for comple- tion by September. In the notice, the company said it would accept o ers from contractors for the R-60 well until July 5, and its selection would be announced by August 30.
e Geo zichesky block is remote, without
road links, and so a drilling rig and support equipment will have to be delivered to the site this summer via sea. A temporary road will also be constructed to the drilling site during the winter.
Geo zchesky holds 128.7bn cubic metres of natural gas and 436,000 tonnes of condensate in proven reserves, according to data published in Novatek’s last quarterly report. In contrast its largest eld on Gydan, Utrenneye, contains 416.6bcm in proven gas that will serve as the pri- mary resource for Arctic LNG-2.™
RUSSIA
Russian oil majors divided
on Opec+ deal, says Lukoil
CEO
Russian oil companies have no united position on the prolongation of the Opec+ deal on coordinated global oil output cuts, the head
of Russian independent oil major Lukoil Vagit Alekperov said at the annual shareholder meeting as cited by Reuters on June 20.
e next round of negotiations on the prolongation of the deal is scheduled for July 1-2, and it has already been postponed from June 25-26. e prospects of the deal are still unclear, according to Alekperov.
As reported by bne IntelliNews, all eyes are on Russia as it is the last country to decide its position on prolonging the deal. “Obviously, in Russia internal discussions are being held on how much oil should be extracted in
the second half of the year,” Saudi Arabia’s Minister of Energy told Tass on June 10.
NEWS IN BRIEF
Russian government o cials warned that failing to prolong the coordinated global oil output cut could drop the price of oil could below $30-$40 per barrel.
Igor Sechin, the head of Russia’s largest crude oil producer Rosne , recently exed his muscles by repeatedly slamming the deal’s e ects and threatening the government with demands for compensations over declined output.
e extraction and exports of his company was also badly hit in May by disruptions
of supplies via the Druzhba oil pipeline to Poland and Germany.
bne IntelliNews, June 21 2019
BASF, Sibur collaborate to
develop innovative polymer
solutions
Russia’s Sibur and Germany’s BASF are collaborating to develop polymer solutions at Sibur’s PolyLab Research and Development
Center located in Moscow.
e signing ceremony of the memorandum of cooperation took place on May 30 at Sibur’s newly inaugurated state-of-the-art PolyLab
at the Skolkovo Innovation Center to seal the strong commitment from SIBUR and BASF. “ e new agreement extends our strategic partnership with one of the global chemical majors and unlocks new opportunities for all consumers of polymer products. Combining the extensive knowhow from both companies, we will develop modern synthetic materials that are advanced and sustainable,” said Pavel Lyakhovich, member of the Management Board and Managing Director of Sibur.
Both companies will work together to leverage on the digital technologies in production and R&D, and to develop an innovative range of polymers using the plastic additives o ered by BASF. In addition, BASF will support with its technical expertise the development of new technology tests at PolyLab, the main R&D hub of SIBUR NIOST, and Sibur’s production facilities.
“Sibur focuses very strongly on promoting innovative solutions to drive technological
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