Yarudeyskoye Field Produced 10 MT of Crude Oil
PAO Novatek announced that cumulative production at the Yarudeyskoye field owned by the Company’s subsidiary Yargeo, reached a milestone of 10 million tons of crude oil production since the commencement of operations.The field’s commercial production commenced in December 2015, and by January 2016, the field reached its full productive capacity, said a press release from the Russia's largest independent natural gas producer.The Yarudeyskoye field is the largest crude oil asset in the Company’s portfolio, and is characterized by unique geology, which combined with the application of state-of-the-art drilling and completion technologies allowed us to achieve the average production flow rate of more than 350 tons per day per well.
TCO Awarded £75 million Statoil Contract
TCO AS and the daughter company TCO UK, providers of well completion technologies to the global oil and gas industry, have secured a contract with Statoil AS worth an estimated 750 million NOK (75 million GBP). The exclusive contract will require TCO to provide the total scope of chemical injection systems and a framework contract for the scope of B-annulus system and barrier plugs for Statoil operations on the Norwegian continental shelf. The initial contract period is two and a half years with an optional additional period of six years thereafter.
TCO UK Completes Work for Apache North Sea Ltd
Aberdeen-based TCO In-Well Technologies UK Limited, a provider of well completion technologies to the global oil & gas industry, has successfully completed a Glass Barrier System well opening application for Apache North Sea Limited. The operation, thought to be worth a five figure sum, involved TCO UK’s patented TDP-I Glass Plug being deployed on the Apache operated Forties Delta Platform on well FD3-5. The plug was used to isolate the reservoir allowing the operator to test for integrity before opening the well. Joel Rodriguez, senior completions engineer at Apache, said: “The TCO TDP-I plug, set at almost 4000 meters at 71 degrees, opened on the prescribed pressure cycle, eliminating the need for an additional intervention run.
