Page 14 - FSUOGM Week 33 2019

FSUOGM
NEWS IN BRIEF
FSUOGM
RUSSIA
Output at Egypt’s Zohr gas field up 3.6 times in H1
e consortium of Eni, Rosne , BP, and Mubadala Petroleum together with Egyptian oil and gas companies continues the successful implementation of the Zohr gas project on
the Mediterranean o shore. In H1 2019, the production on the eld amounted to 11.3 bcm of gas, which is 3.6 times more than in the same period last year.
A er the eld’s start-up in December 2017, its development is going ahead of schedule
- the onshore gas treatment capacity of the Zohr project has been continually increased. Current production level is 68 million
cmd (2.4 billion cfd). At the moment, 11 production wells, three o shore pipelines, an o shore management platform, and all eight production trains of the gas treatment plant have been commissioned.
By the end of 2019 the gas output is estimated to reach 76 million cmd (2.7 billion cfd).
Middle East projects implementation is one of Rosne ’s strategic development areas. e Company’s contribution to development of the unique production asset Zohr jointly with global majors and its strategic partners strengthens the position of Rosne as an advanced technology company, and also allows gaining signi cant experience and developing competence in the development of o shore elds.
Rosneft, August 14 2019
Gazprom Neft produces its
100-millionth barrel of oil at
the Badra field
Gazprom Ne subsidiary Gazpromne -Badra has now produced 13.5 million tonnes — or 100 million barrels — of oil.
Cumulative production at the Badra eld
in the ve years since this asset went into commercial operation has reached 100 million barrels — the rst shipment of liquid hydrocarbons having taken place in 2014. Oil production at the eld stands at more than 1.8 million tonnes (13.5 million barrels) since the start of 2019.
Twenty-two operating wells, each running to an average depth of 4,500 metres, have been drilled by Gazpromne -Badra since discovering this asset. e business has also built a production complex which has since become one of the main — and one of the most modern — elements in Central Iraq’s oil and gas infrastructure. A full production complex, including an integrated oil and gas processing facility, with capacity to handle 5.4 million tonnes of oil and 1.6 billion
cubic metres of gas per year, and sulphur granulation and production units, has been commissioned at the Badra eld.
Field infrastructure includes a 123.5 MW independent gas-turbine power plant (GTPP), producing energy for all eld equipment as well as more than 25,000 residents in the city of Badra and its suburbs.
e Badra eld is one of the most important elements in Iraq’s energy system. Dry commercial gas produced by Gazprom Ne is transported through a 100-kilometre
pipeline to the Az-Zubaidiya electricity station, from where it is used to supply energy to several Iraqi provinces, including the country’s capital, Baghdad.
Gazprom Neft, August 15 2019
Lukoil announces
completion of buy-back
programme
Lukoil announces the completion of the buy back programme which was announced on August 30, 2018.
From the start of the buy-back programme Lukoil Securities Limited, Lukoil’s 100%-owned subsidiary, purchased in aggregate on the regulated trading venues 13,506,650 ordinary shares and 23,696,806 depositary receipts for the total amount of $3bn. e acquired securities represent 4.96% of the company’s charter capital.
Lukoil, August 20 2019
EASTERN EUROPE
Naftogaz pays UAH70.6bn to state budget in 7M-2019
Ukraine’s Na ogaz group paid nearly UAH70.6bn in taxes and duties to the state budget in January-July 2019.
Na ogaz group’s contribution accounted for 16.3% of the state budget revenue in the rst seven months of 2019.
P14
w w w . N E W S B A S E . c o m
Week 33 21•August•2019