NEWS - RUSSIA & CIS
Plexus Wellhead Equipment Deployed for Russian
Operator
P
lexus Holdings’ Russian licensee Gusar has installed the first
wellhead for Gazprom as part of the previously announced contract
to supply POS-GRIP rental wellhead gas exploration equipment to
Gazprom.
Gusar secured its first major contract to supply POS-GRIP rental
wellhead gas exploration equipment to Gazprom in March 2019.
Plexus said on Tuesday that the wellhead installation marked the
beginning of Gusar’s contracted work with Gazprom for the first year of
an up to five-year jack-up gas exploration drilling program on the Kara
Sea Shelf at shallow water depths of up to 150 meters.
Plexus CEO, Ben Van Bilderbeek, said: “The deployment of this first
wellhead avails Gazprom of the many technical advantages of POS-
GRIP technology. We are pleased that such a major global operator,
after considering the available alternatives, has made the choice in favor
of POS-GRIP technology for working in the Arctic conditions.
“It was for the same reasons that the likes of BP, Centrica,
ConocoPhillips, Eni, Royal Dutch Shell, Total and all those on the long
list of operators that have used our proprietary POS-GRIP technology
favored POS-GRIP equipment, often in their most complex drilling
programs around the world.”
Gusar’s General Director, Alexander Beryozkin, said: “We are pleased
to start our relationship with Gazprom as a local supplier of POS-GRIP
technology.”•
Zenith Energy Announce Increased Production
Figures
Z
enith Energy Ltd., (“Zenith” or the “Company”), the international
oil & gas production company operating onshore in Azerbaijan,
announced an update on drilling results at well C-37 in the Jafarli
oilfield.
The Company can confirm that continued flow testing of the well
recorded a production rate of approximately 285 barrels of oil per day,
adding significant uplift to Zenith’s total in country production figure.
Yearly revenue of approximately US$5,500,000 is expected to be
generated from C-37, and a stabilised flow rate of 285 represents a 114%
increase in the Company’s daily oil production.
Further stimulation of the well, which may include swabbing
operations as well as the performance of nitrogen stimulation, may
further increase the rate of production. The Company will update the
market in due course regarding these operations.
C-30 Drilling Operations
Mobilisation of Zenith’s 1,200hp drilling rig to the C-30 well location is
expected to take place before the end of October 2019.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
“We are pleased with the success we have achieved at well C-37.
The additional production, and associated net cash flow, is extremely
positive and indicates that we are progressing with our strategy of
materially increasing our oil production in Azerbaijan. I look forward
to updating investors in due course regarding the mobilisation of our
drilling rig to the C-30 well location.” •
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Equinor to Assess Hydrocarbon Potential of Areas in
Kazakhstan
K
azMunayGas, Kazakhstan’s state-owned oil and gas company, and
Norwegian oil and gas giant Equinor have signed a joint study
agreement to assess the hydrocarbon potential of oil and gas areas in
Kazakhstan.
On September 24, 2019, Alik Aidarbayev, Chairman of the Management
Board at JSC NC KazMunayGas (KMG) met with Tore Loseth, Senior
Vice President for Exploration at Equinor.
KMG said on Tuesday that the meeting attendees had highlighted the
importance of the cooperation between Kazakhstan and Norway on oil
and gas business and expressed their interest in joint study of some oil
and gas areas in Kazakhstan in order to be awarded subsoil use contracts
going forwards. To that effect, the companies signed a joint study
agreement as part of their long-term mutually beneficial cooperation.
The document was signed by Dastan Abdulgafarov, Chief of Staff,
Managing Director for Development at KMG and Tore Loseth, Senior
Vice President for Exploration at Equinor. The agreement provides for
geological and geophysical studies to assess the hydrocarbon potential
of oil and gas areas in Kazakhstan.
“We expect that this agreement will serve as the basis of successful
cooperation in future. Both companies are ready to consider Equinor
as a strategic partner under exploration and production contracts in
Kazakhstan,” Alik Aidarbayev said. •