Page 11 - FSUOGM Week 05 2020

FSUOGM PROJECTS & COMPANIES FSUOGM
Gazprom Neft reports finds in Orenburg
RUSSIA
Rival Rosneft also made a nd in the area in late January.
RUSSIA’S Gazprom Neft has announced the discovery of two new oil elds in the southern Russian region of Orenburg, days a er its rival Rosne also reported a nd in the area.
Based on preliminary data, Gazprom Ne estimates the pair hold more than 2mn tonnes (14.7mn barrels) of oil combined.
The Yagodnoye field was identified at the Yagodny licence area, Gazprom Ne ’s local arm Gazpromneft-Orenburg said in a statement on January 31. Commercial flows of oil were achieved during well tests, it said. Reserves have been calculated, a dra plan for trial production has been drawn up and development will begin in the near future, the company said.
A second eld, Roshchinskoye, was founded at the Uransky licence area, Gazprom Ne con- tinued. Planning is underway, the company said, noting that trial production was slated to start in 2021.
small elds which Gazprom Ne intends to develop together in the years ahead. By using shared infrastructure, the company hopes to reduce the cost and time taken to develop the elds.
Gazprom Ne launched trial production at one of the Uransky elds, Novozarinskoye, last year. e deposit is estimated to be 10mn tonnes (73.3mn barrels) in size.
“Gazpromneft-Orenburg is increasing its resource base by discovering new fields and structures with exploration work, as well as expanding the boundaries of existing assets,” the subsidiary’s deputy general director, Alexey Pashkov, said in a statement.
Rosne also struck oil in Orenburg on Janu- ary 27, identifying an oil eld more than 51mn barrels in size – its largest discovery in the region in several years. It plans to bring the eld into production by tying it back to existing infra- structure. ™
The Uransky block
contains a cluster of
RUSSIA
NEWS IN BRIEF
if Russia continues laying of the remaining part of the pipeline on its own, Handelsblatt reported.
A representative of Germany’s Uniper, one of the companies that nanced the project, told the newspaper that it was aware of the rm US decision to block construction of the pipeline, but declined to comment on the possible new sanctions.
Bernd Westphal, a representative of the Social Democratic Party of Germany, told Handelsblatt that the German parliament was doing everything necessary for the project to complete. “Germany and the E.U. would not allow Washington to dictate how they should conduct their energy policy,”
he said, adding that the Nord Stream 2 pipeline stopped being a threat to gas transit through Ukraine a er Russia and Ukraine coordinated prolongation of transit.
e Nord Stream 2 project envisages construction of two lines of a natural gas pipeline with an annual capacity of up to 55 billion cubic meters, running from the Russian shore to Germany under the Baltic Sea. Russian gas giant Gazprom builds the pipeline together with Germany’s Uniper and Wintershall DEA, Royal Dutch Shell, Austria’s OMV, and France’s Engie.
On December 21, the builder of the Nord Stream-2 suspended operations due to the threat of U.S. sanctions and withdrew all its vessels engaged in laying the pipeline from the Baltic Sea a er U.S. President Donald
Trump signed a defense budget envisaging spending on counteraction against Russia in various areas including sanctions against the Nord Stream 2.
February 4 2020
Putin discusses OPEC+ cooperation with Saudi king
Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz al- Saud discussed cooperation under the OPEC+ format during recent phone talks, spokesman Dmitry Peskov told reporters on Tuesday.
“On the whole, the issue of interaction within OPEC+ appeared yesterday during a telephone conversation between President Putin and the king of Saudi Arabia,” Peskov said, adding that Russia “is ready to cooperate in this format.”
Russia may be represented at an OPEC meeting in February if it is held, Peskov also said.
“Of course, if such meetings are held, Russia at some level may well be represented, like it was before,” he said.
A source said earlier that OPEC+ states decided to hold a meeting of the technical monitoring committee on Tuesday– Wednesday, ahead of schedule, to discuss the situation with coronavirus and its
Russian gov to liberalise LNG licences
e Russian government approved a bill
on January 30 allowing the export of LNG from elds whose licences were issued a er December 31 2012. Previously, only companies with licences issued before this date could export LNG, and if liquefaction is permitted under their licence terms.
Gazprom, Rosne and Novatek currently are the only companies allowed to export LNG.
January 30 2020
US may apply new sanctions to Nord Stream 2
The US Congress may approve new sanctions against Russia’s Nord Stream 2 natural gas pipeline targeting investors and the companies that receive gas through the pipeline, German business newspaper Handelsblatt reported
on February 4 quoting Washington’s diplomatic sources.
In case of necessity, Washington may approve the sanctions in February or March. e Congress is ready to pass them,
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