Russia Offshore Regional Report

Drilling & Completion

Three Eurasia jackups active in Caspian Sea

Eurasia Drilling Co. has issued a review of its operations in the Caspian Sea during the first half of this year.

GLOBAL E&P

Oil and gas production from the world's deepwater fields will grow by 7.7% annually over the next seven years according to analyst Douglas Westwood, reaching 10.2 MMboe/d in 2021.

Bentec to supply drilling package for Caspian Sea platform

Nobel Oil has commissioned Bentec to build a drilling rig for offshore operations in the Azeri sector of the Caspian Sea.

Field Development

Second well brought into production at Gazprom Neft Prirazlomnoye field

Gazprom Neft has brought its second well into production at the Prirazlomnoye field, with output totaling 1,800 metric tons/d (1,984 tons/d).

Lukoil secures loan for Shah Deniz commitments

Lukoil has signed a 12-year credit-facility agreement with a consortium of banks to borrow $1 billion to fund its share of the Shah Deniz Stage 2 development in the Azeri sector of the Caspian Sea.

GLOBAL E&P

Oil and gas production from the world's deepwater fields will grow by 7.7% annually over the next seven years according to analyst Douglas Westwood, reaching 10.2 MMboe/d in 2021.

Subsea

Gazprom cancels South Stream pipeline deal with Saipem

After a year of project suspensions and delays, Gazprom has canceled its contract with Saipem to lay the first of four lines of the South Stream offshore gas pipeline under the Black Sea. 

South Stream Line 1 weight coating resumes

Europipe GmbH has lifted the suspension on concrete weight coating work for Line 1 of the South Stream pipeline. 

GSP vessel sails to Prirazlomonoye in Russian Arctic

Grup Servicii Petroliere (GSP) has mobilized its construction vessel GSP Falcon to the Pechora Sea off northwest Russia for a 30-day program for Gazprom Neft Shelf.

Geology & Geophysics

Gazprom gets go-ahead for 3D seismic in Sea of Okhotsk

Gazprom Geologorazvedka has gotten public approval for plans to conduct 3D seismic data acquisition in the Sea of Okhotsk offshore Sakhalin. 

Rosneft outlines Russian Arctic investigations

Rosneft says its Kara-Winter-2015 scientific-exploratory program has been completed offshore northern Russia.

Gazprom to re-start drilling in Yuzhno-Kirinskoye area

Gazprom has outlined its main exploration goals this year on the Russian continental shelf.

Pipeline & Transportation

Wintershall confirms intent to join Nord Stream II

Wintershall and Gazprom have signed a memorandum of intent to cooperate on construction of the Nord Stream II gas pipeline in the Baltic Sea.

Gazprom cancels South Stream pipeline deal with Saipem

After a year of project suspensions and delays, Gazprom has canceled its contract with Saipem to lay the first of four lines of the South Stream offshore gas pipeline under the Black Sea. 

Gazprom holds talks on Nord Stream II construction

Gazprom has held talks with OMV and Wintershall’s parent company BASF about the planned Nord Stream II project in the Baltic Sea.

Production

Second well brought into production at Gazprom Neft Prirazlomnoye field

Gazprom Neft has brought its second well into production at the Prirazlomnoye field, with output totaling 1,800 metric tons/d (1,984 tons/d).

Lukoil secures loan for Shah Deniz commitments

Lukoil has signed a 12-year credit-facility agreement with a consortium of banks to borrow $1 billion to fund its share of the Shah Deniz Stage 2 development in the Azeri sector of the Caspian Sea.

Offshore eastern Russia field added to US sanctions list

The US has added Yuzhno-Kirinskove field offshore Russia in the Okhotsk Sea to a list of sanctions as a response to Russian activity in Ukraine.

Rigs/Vessels

Three Eurasia jackups active in Caspian Sea

Eurasia Drilling Co. has issued a review of its operations in the Caspian Sea during the first half of this year.

Gazprom cancels South Stream pipeline deal with Saipem

After a year of project suspensions and delays, Gazprom has canceled its contract with Saipem to lay the first of four lines of the South Stream offshore gas pipeline under the Black Sea. 

Rosneft cancels jackup contract in Russian Arctic

North Atlantic Drilling Co. has received a cancellation notice for from Rosneft for use of Northern Offshore’s jackup Energy Endeavor.

Russia Offshore Oil & Gas News

Second well brought into production at Gazprom Neft Prirazlomnoye field

Gazprom Neft has brought its second well into production at the Prirazlomnoye field, with output totaling 1,800 metric tons/d (1,984 tons/d).

Three Eurasia jackups active in Caspian Sea

Eurasia Drilling Co. has issued a review of its operations in the Caspian Sea during the first half of this year.

Gazprom gets go-ahead for 3D seismic in Sea of Okhotsk

Gazprom Geologorazvedka has gotten public approval for plans to conduct 3D seismic data acquisition in the Sea of Okhotsk offshore Sakhalin. 

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