News listings
Equatorial Guinea Licence Round

energy-pedia exploration

Russia flagRussia

Europe / Caspian / CIS >>> Russia

Russia: Baltic Oil Terminals spuds exploration well


27 Mar 2007

The Directors of Baltic Oil Terminals are delighted to confirm that drilling has commenced on its Privolny licence block in the Kurgan region of Western Siberia, Russia. Through its 50% subsidiary Zauralneftegaz (ZNG), Baltic is the operator of seven exploration licences in the region comprising over 1 million acres. Baltic's Chief Executive, Simon Escott, attended the spudding of the Privolny-1 well, where the company hosted a delegation led by the Governor of the Kurgan Region, Mr Oleg Bogomolov. Mr Bogomolov is one of seven members of the Praesidium, the Government Advisory Committee that reports directly to President Vladimir Putin. Also in attendance were Vice Governor Mr Mironov and Vice Governor Mr Shevelev, together with senior members of the regional Duma, senior representatives of both ROSNEDRA and URALNEDRA representing the Ministry of Natural Resources, and members of the TV and Press. This is an historic moment for the Kurgan region, since Privolny-1 is the first well to have been drilled in Kurgan as a result of foreign investment. Mr Bogomolov has been working assiduously over the last few years to attract such investment, which the Directors of Baltic are very pleased to have provided. Mr Oleg Bogomolov, Governor of the Kurgan Region, commented: 'We are very pleased to be working with Baltic Petroleum and ZNG on this historic venture and would like to thank them for their continued hard work and endeavour. The development of Kurgan's natural resources is of critical importance for the region and is a top priority for our administration.' Simon Escott, CEO of Baltic, added: 'We are delighted to have commenced drilling the first Privolny well. This well will provide us with invaluable data which will enable us to materially advance our understanding of the geology of the licence block. We expect to start to receive the analysis of the data within 3 months. Source: Baltic Oil




Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1692
Completed deals: 5184

Company Profiles

Current Company Profiles: 2639

Corporate Activity

Current Corporate Activity articles: 3268

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1354

Geostudies

Current Geostudies articles: 637

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Geoespace
count geophysics
KL Publishing
Bayphase
energy365
OPC
SLR Consulting logo
Rose & Assocs 149
RSK Logo 149
Union Jack Oil 149
Government of South Australia
EP Consult Energies
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com