RusPetro Provides Licence Extension & Commencement of Drilling

Source: www.gulfoilandgas.com 4/15/2014, Location: Asia

Ruspetro plc, an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation is pleased to announce that its Vostochno-Inginsky licence, which was due to expire in June 2014, has been extended by the Federal Subsoil Resources Management Agency of the Russian Federation for 20 years until June 2034. Ruspetro plc, through its wholly owned subsidiaries OJSC INGA and OJSC Trans-oil, holds the Pottymsko-Inginsky, Vostochno-Inginsky and Palyanovo licences covering 1,205 km2 in the Khanty-Mansiysk region of Western Siberia.

The Company is also pleased to report the commencement of drilling operations from Pad23b following the spud of its first multistage fractured horizontal well on the Pottymsko-Inginsky licence block. This well designated #214 is being drilled within the Schlumberger technical partnership agreement.

John Conlin, Chief Executive Officer, commented:
"We are pleased to have successfully extended our Vostochno-Inginsky licence. Additionally, the commencement of drilling at our first multistage fractured horizontal well marks another important milestone in our technical partnership with Schlumberger."

For more information about related Opportunities and Key Players visit Caspian Region Projects


Russia >>  5/25/2022 - On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia.

...

Russia >>  5/25/2022 - Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, subsidiaries of Shell plc, have completed the sale of Shell Neft LLC, Shell...

United Kingdom >>  5/24/2022 - Reabold, the AIM quoted investing company, which focuses on investments in upstream oil and gas projects, is pleased to provide additional details on ...
United Kingdom >>  5/24/2022 - Angus Energy has executed a share purchase agreement ('SPA') to acquire the entire issued share capital of the Company's current joint venture partner...

Brazil >>  5/23/2022 - Karoon Energy Ltd has provided notice to Enauta Energia S.A. to terminate the Exclusivity Agreement entered into to undertake due diligence and negoti...
Nigeria >>  5/23/2022 - With reference to the stock exchange announcement made 27 January 2022, and the update provided 2 May 2022, regarding the government consent provided ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.