RDCR, Russian Drilling Roundtable 2016

The RDCR, now in its 4th year, was a unique event bringing together professionals from the leading Russian drilling contractors and drilling teams from the regional operators to interact with Russian and International suppliers of rig and drilling equipment. These leading drilling professionals gathered under one roof to exchange information and knowledge, promote the latest available technologies and share their understanding regarding the development and upgrading of Russia's drilling fleet.

RDCR 2016 Participants

RDCR 2016 News

SPD Drilled Champion Well at Upper Salym

SPD Drilled Champion Well at Upper Salym

Salym Petroleum Development (SPD) drilled a 3305-meters-deep well at Upper Salym in less than 8 days. The construction time of this well became a new record for this depth...

4th Russian Drilling Roundtable, Post Show Report

4th Russian Drilling Roundtable, Post Show Report

Held on the 13th April 2016 at the Baltschug Kempinski Hotel in Moscow, the 4th RDCR cemented its status as the largest gathering of drilling professionals in Russia. Over 250 delegates attended from Russian and International operators, drilling contractors, service and technology suppliers...

Rosneft: Q1 2016 Results – Production Drilling Up 52%

Rosneft: Q1 2016 Results – Production Drilling Up 52%

Q1 2016 Operating Results: Average daily hydrocarbon production of 5.21 mmboe, an increase both compared to Q1 2015, and for two consecutive quarters (+2.5% compared to Q3 2015). Production drilling grew by 52% with maintaining in-house OFS share above 50%...

Technology Roundtable: Lost Circulation

Technology Roundtable: Lost Circulation

In the current economic conditions, many oil companies focus on the development of mature fields. As a rule, such fields have well-developed infrastructure, and their investments have long ago paid off...

NOV Kostroma: Launches Production

NOV Kostroma: Launches Production

On the 9th of March NOV Kostroma opened their brand new manufacturing and production facility in Volgorechensk City in the Kostroma Region...

VOSTOK NAO: Starts Exploration Drilling at Yuzhno-Visovaya

VOSTOK NAO: Starts Exploration Drilling at Yuzhno-Visovaya

Today VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District. The target depth of the well is 4,000 meters...

Варьеганнефтегаз нарастил коммерческую скорость бурения эксплуатационных скважин на 18%

Варьеганнефтегаз нарастил коммерческую скорость бурения эксплуатационных скважин на 18%

ПАО «Варьеганнефтегаз», дочернее общество НК «Роснефть», реализует пилотный проект «Лучшая композитная скважина» по увеличению коммерческой скорости бурения эксплуатационных скважин и сокращению непроизводительного времени работ...

Tatneft: Establishes Drilling Operations Control Center

Tatneft: Establishes Drilling Operations Control Center

TATNEFT has reorganized the drilling service and set up a Drilling Operations Control Center. To improve the well construction management efficiency the Company has changed the scheme of drilling operations organisation...

Lukoil to Present at RDCR 2016

Lukoil to Present at RDCR 2016

The organizers are pleased to announce that Lukoil will be a making two presentations at the upcoming 4th RDCR, taking place at the Kempinski Baltschug Hotel in Moscow on the 13th April...

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton Company and Baker Hughes Incorporated today noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the views expressed by the Commission at this stage are preliminary only. Pursuant to applicable regulations...

Eurasia Drilling: Increases Management Buyout Offer to $11.75

Eurasia Drilling: Increases Management Buyout Offer to $11.75

Eurasia Drilling Company Limited announces that it has today agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger (the Merger) between the Company and EDC Acquisition Company Limited...

Eurasia Drilling Company: 5 Board Members Resign

Eurasia Drilling Company: 5 Board Members Resign

Eurasia Drilling Company Limited announces that Messrs. Richard Anderson, Maurice Dijols, Jed DiPaolo, Martin Hanson and Anatoliy Kozyrev have resigned as directors of the Company effective October 1, 2015...

Rosneft Sets Another Drilling Speed Record

Rosneft Sets Another Drilling Speed Record

Another record of commercial drilling speed at the continental part of Russia was set at Ust-Tegusskoye field of RN-Uvatnefregaz, a Rosneft subsidiary. 2849 m – deep controlled directional well No.2948 was drilled in 7.5 days with the drilling speed of 11441 MTR/RIG per month

The 3rd RDCR, Russian Drilling Contractors Roundtable, Moscow, April 9th 2015

The 3rd RDCR, Russian Drilling Contractors Roundtable, Moscow, April 9th 2015

The event was held for one day and included over 200 delegates and sponsor representatives of the Russian drilling industry. The RDCR was confirmed as the largest gathering of drilling specialists in Russia including operator drilling teams, drilling contractors, service companies and equipment vendors, domestic and international

Eurasia Drilling Company To Merge With Schlumberger

Eurasia Drilling Company To Merge With Schlumberger

Eurasia Drilling Company Limited announces that it has today agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited...

Gazprom Neft Drills-1500m-Horizontal Well at the Novoportovskoye Field

Gazprom Neft Drills-1500m-Horizontal Well at the Novoportovskoye Field

Gazprom Neft has become the first oil operator in Russia to drill a well with a horizontal borehole of 1,500 metres. The well, on the Yamal Peninsula, reaches a total 4,200 metres in length. Some 91 percent of the horizontal section, moreover, is located in the oil-saturated bed of the Novoportovskoye formation, characterised by high permeability strata which yield high flow rates without the application of fracking..

Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion

Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion

Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014...

NADL: Agrees with Rosneft to Delay Rig Transaction Till May 2015

NADL: Agrees with Rosneft to Delay Rig Transaction Till May 2015

On May 26 2014, North Atlantic Drilling Ltd. announced that it had entered into a transaction between NADL, Seadrill and Rosneft Oil Company (“Rosneft”). Further details in relation to the transaction were provided in the announcements that NADL made on July 30 2014 and August 22 2014...

C.A.T. oil AG: Retains 2014 Outlook and 390m Euro Investment – Sanctions Not to Have an Effect

C.A.T. oil AG: Retains 2014 Outlook and 390m Euro Investment – Sanctions Not to Have an Effect

C.A.T. oil AG,one of the leading providers of oil and gas field services in Russia and Kazakhstan, reiterates its outlook for the current fiscal year following the initial assessment of the effects of the latest EU and US export restrictions for the Russian oil industry. C.A.T. oil expects revenues in the range of EUR 420 to 450 million and EBITDA in the range of EUR 113 to 121 million for 2014...

Gazprom Neft: GSP Saturn Delivered to The Dolginskoye Field

Gazprom Neft: GSP Saturn Delivered to The Dolginskoye Field

The GSP Saturn drilling platform has been delivered for test drilling at the Dolginskoye field. The jackup rig was contracted by Gazprom Neft’s subsidiary, Gazpromneft Sakhalin, which operates the Dolginskoye field on the continental shelf in the Pechora Sea...

KCA Deutag: Awarded $90m Lukoil Contract

KCA Deutag: Awarded $90m Lukoil Contract

The Land division of KCA Deutag, one of the world’s leading international drilling and engineering contractors has been awarded a contract worth more than $90m USD by Russia’s second largest oil company, Lukoil for the supply of two arctic cluster slider rigs in the northern republic of Komi, Russia. The first rig deployed has been an existing rig from within KCA Deutag’s Russian operations and the second will be a new-build rig...

C.A.T. oil Continues its Growth Path in Q1 2014 Despite Challenging Environment

C.A.T. oil Continues its Growth Path in Q1 2014 Despite Challenging Environment

C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, continued its growth path and accelerated its operating performance in the first quarter of the year. Despite reporting 2.5 times higher weather-related down-time days yoy, the Company increased its total service job count as well as its drilling and sidetracking footage by 4.3% and 17.9% yoy, respectively...

Salym Petroleum Development Drills 900th Salym Well

Salym Petroleum Development Drills 900th Salym Well

On 25 May 2014 Salym Petroleum Development N.V. (SPD) drilled its 900th well on the Salym group of fields since the execution of the Salym Project began in 2003. The anniversary well, 3150 meters deep, was drilled on the Upper Salym field in 14.41 days. It’s a first sub-horizontal well to BS-8 formation in SPD...

Rosneft, Seadrill and North Atlantic Drilling Expand Cooperation

Rosneft, Seadrill and North Atlantic Drilling Expand Cooperation

Rosneft, North Atlantic Drilling Ltd. and Seadrill Limited signed an Investment and Cooperation Agreement at the 18th St. Petersburg International Economic Forum to form a long-term partnership with a view to capture the opportunities in developing Rosneft’s offshore and onshore projects until at least 2022. The signing ceremony was led by Vladimir Putin, the President of Russian Federation...

RPI: Horizontal Drilling in Russia

RPI: Horizontal Drilling in Russia

Horizontal drilling increased by 80% in both KMAD and East Siberia between 2007-2012. The contribution to incremental drilling was roughly the same in both regions.As a result, horizontal drilling is rising at a steady pace in Russia due to both the development of new fields in greenfield oil producing regions and the development of tight reserves in KMAD...

EDC Announces Dividend of USD 0.92 per Share

EDC Announces Dividend of USD 0.92 per Share

Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that it will pay a dividend on January 17, 2014 of USD 0.92 per share...

C.A.T Oil AG: Revenues Up 30% in One Year

C.A.T Oil AG: Revenues Up 30% in One Year

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, achieved outstanding results in the first nine months of 2013. The Company increased its revenues by more than 30% to EUR 322.9 million (Q1-3 2012: EUR 246.3 million) and its EBITDA by almost one half to EUR 86.0 million (Q1-3 2012: EUR 58.8 million)...