DOCSLIB.ORG

Conference Programme 2

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Host Organisation: SPE Annual Caspian Technical Conference Digital Transformation: Enabling the Future Fairmont Flame Towers 16–18 October 2019 Baku, Azerbaijan www.spe.org/go/19ctce Conference Programme 2 www.spe.org/go/19ctce Welcome From the Executive Committee Co-Chairs 3 Dear Colleagues As conference chairpersons, and on behalf of the Conference Executive and Technical Programme Committees, we thank you for attending the SPE Annual Caspian Technical Conference. This year’s conference theme “Digital Transformation: Enabling the Future” will focus on various ways the oil and gas industry is using digital technology and how it can help our industry become more sustainable and value-adding. The velocity and magnitude of price volatility has pushed the industry to focus on chasing efficiency to enhance the value of the ultimate products. Digital technology is a key contributor to this objective. Increasing this value capture requires a deep understanding of the people behind the technologies. The modernisation of the industry generated by the digital technology is then required to adapt to a new cultural focus, utilising new skill and mind-sets. Oil and gas operators, contractors, service providers, universities and governments, all have a role to play in digital transformation so that it effectively improves the sustainability of our industry. Therefore, your active participation is essential. The conference theme will be explored further in the three keynote panel sessions – Past, Present, and Future; Sustainability, Growth and Profit and New Generation Talent and Human Factors. In these sessions, you will hear from high-profile speakers and panellists drawn from government, operators, service providers, advisory firms, universities and energy research companies. Twelve technical and several knowledge sharing poster sessions will encompass presentations across a range of technical topics. These presentations will offer the opportunity to share knowledge in an open and constructive environment. We hope that you take the opportunity to meet and network with old and new colleagues, discover new technologies and insights into the industry, engage in the debate, and share your experiences. Sincerely, Khosbakht Yusifzadeh Denis LeMarchal, Emmanuel Okugbaye, Baghi Oglu, Managing Director New Well Delivery First Vice President of TOTAL E&P Azerbaijan Manager, BP State Oil Company of Azerbaijan Republic (SOCAR) Academician of the Azerbaijan National Academy of Sciences (ANAS) SPE Annual Caspian Technical Conference Contents 4 Table of Contents About SPE Sponsors and Supporters 5 The Society of Petroleum Engineers About SPE and Partners 6 The Society of Petroleum Engineers (SPE) is a not-for-profit Venue Floor Plan 7 professional association whose more than 156,000 members in 154 Schedule of Events 8 countries are engaged in oil and gas exploration and production. SPE is a key resource for technical knowledge providing publications, Executive Committee 9 events, training courses, and online resources at www.spe.org. Opening Ceremony 10 Conference Programme 11 Technical Programme 12 Speakers’ Biographies 26 General Information 31 Student Development Summit 33 Regional Award Winners 34 Media Supporters 35 Equinor – a broad energy company We are Equinor, a broad energy company with 20,000 committed colleagues developing and producing oil, gas, wind and solar power in more than 30 countries worldwide. Driven by our Nordic urge to explore beyond the horizon, our dedication to safety, cooperation, equality and sustainability, we are shaping the future of energy. www.spe.org/go/19ctceVisit spe.org/conferencepagewww.spe.org/go/19ctce toto registerregister forfor thethe SPEXXXX Annual Conference Caspian Technical Conference equinor.com Sponsors 5 Thank You to Our Sponsors (As of September 2019) Host Organisation Platinum Sponsor Silver Sponsor Bronze Sponsors Lunch Sponsor Coffee Break Sponsor Student Conference Sponsor Registration & Lanyards Sponsors Sponsor WORLDWIDE PETROLEUM CONSULTING In Participation With CM Advancing the World of Petroleum Geosciences SPE Annual Caspian Technical Conference Supporting Partners 6 Supporting Partners CM AAPG SEG The American Association of Petroleum Geologists (AAPG) is The Society of Exploration Geophysicists (SEG) is a not-for-profit the world’s oldest and most established petroleum geoscience organisation that promotes the science of applied geophysics organisation. Celebrating its 100th anniversary in 2017, AAPG and the education of geophysicists and was founded in 1930. SEG continues to be the global centre of petroleum geology science is an international organisation that fulfils its mission through its and data. With tens of thousands of members worldwide, AAPG’s publications, conferences, forums and educational opportunities. professional scientists deliver the science needed by companies, Since 1993 the AMGK also operates as a local chapter of SEG in governments, and institutions across the globe. Baku, Azerbaijan. ANGC – AZƏRBAYCAN NEFTÇİ GEOLOQLARI CƏMİYYƏTİ AMGK The Azerbaijan Society of Petroleum Geologists (ASPG), (Azerbaijan Milli Geofizika Komitesi) is the Azerbaijani title of established in 1993, became affiliated with the American National Committee of Geophysicists of Azerbaijan (NCGA), which Association of Petroleum Geologists (AAPG) in 1994. It has held a was established in 1993 and devoted its activity to launching various number of international conferences, some of which were jointly studies in Azerbaijan, integration of Azerbaijan’s geophysicists organised with AAPG and EAGE. It has organised local Republic into the international geophysical community and organising conferences, as well as many seminars, workshops, and field trips. international and local conferences and workshops. ASPG publishes the Azerbaijan Geologist scientific and monthly information bulletin. ASPG also works with students, holding annual student conferences, as well as special lessons, field trips, and technology days to help students determine their future professions and other activities. EAGE The European Association of Geoscientists and Engineers (EAGE) is a professional association for geoscientists and engineers with a world-wide membership, enabling a global network of professionals to share their knowledge and experience. Since 2003, EAGE LC Azerbaijan has done most of its work jointly with the Azerbaijan Society of Petroleum Geologists (ASPG). SPE Disciplines Covered Multi-disciplinary HSE Drilling Completions Management Projects Facilities Production and Reservoir Description and Information and Construction Operations and Dynamics www.spe.org/go/19ctce 21.11.2018 11:12 (tx_vecto) PDF_1.3_PDFX_1a_2001 300dpi YMCK ISOcoatedv2_FOGRA39_U280_K95 GMGv5 Venue Floorplan 7 Venue Floorplan VIP Lounge Registration Poster Area EAGE Sessions Access from Fairmont lobby to Conference Rashid Behbudov Registration (Boardroom 1) Author and Press Room Pre-Function Area GRAND SPE Session SPE Session SEG BALLROOM C Room 2 Room 1 Workshop LUNCH SPE Technical SPE Technical Junior Ballroom Sessions Sessions SPE Annual Caspian Technical Conference 21.11.2018 11:12 (tx_vecto) PDF_1.3_PDFX_1a_2001 300dpi YMCK ISOcoatedv2_FOGRA39_U280_K95 GMGv5 Fairmont Baku at the Flame Towers Schedule of Events 8 Schedule of Events SPE Conference Room 1 SPE Conference Room 2 Wednesday 16 October 2019 0830 – 0930 Registration 0930 – 1030 Conference Opening Ceremony 1030 – 1100 Coffee Break and Knowledge Sharing Poster Session 1100 – 1230 Opening Keynote Panel Session: Past, Present and Future 1230 – 1330 Lunch and Knowledge Sharing Poster Session Technical Session 1: Technical Session 2: 1330 – 1500 Reservoir Characterisation Digitalisation Impact in Oil and Gas Industries 1500 – 1530 Coffee Break and Knowledge Sharing Poster Session Technical Session 3: Technical Session 4: 1530 – 1700 Near Wellbore Characterisation Raising the Bar in Facility Operations and Standards 1700 – 1830 Welcome Drinks Reception Thursday 17 October 2019 0930 – 0940 Regional Awards Ceremony 0940 – 1115 Keynote Panel Session: Sustainability, Growth and Profit 1115 – 1145 Coffee Break and Knowledge Sharing Poster Session Technical Session 5: Technical Session 6: 1145 – 1315 Reservoir Surveillance Performance and Technology Improvements in Well Construction 1315 – 1415 Lunch and Knowledge Sharing Poster Session Technical Session 8: Technical Session 7: 1415 – 1545 Lowering Uncertainties and Costs Using New Techniques Addressing the Challenges of Harsh Downhole Conditions and Tools in Drilling and Maintenance 1545 – 1615 Coffee Break and Knowledge Sharing Poster Session Technical Session 10: Technical Session 9: 1615 – 1745 Breakthrough Wells Operation Through Strategic Wells Surveillance and Metering Technology Advancement Friday 18 October 2019 0930 – 1100 Keynote Panel Session: New Generation Talent and Human Factors 1100 – 1130 Coffee Break and Knowledge Sharing Poster Session Technical Session 11: Technical Session 12: 1130 – 1300 Production System Optimisation Unconventional Methods of Well Construction: Pushing the Boundaries 1300 – 1400 Lunch and Close of Conference Sessions Opening / Plenary Session Panel Session Special Session Technical Multi Discipline Reservoir Description & Dynamics Drilling and Completions Completions Sessions Management & Information Facilities Engineerings and Projects Production and Operations www.spe.org/go/19ctce Committees 9 Committees Executive Committee Co-Chairs Academician Khoshbakht Yusifzadah, SOCAR Emmanuel Okugbaye,
Recommended publications
  • MOL Hungarian Oil and Gas Public Limited Company EUR 750,000,000 2.625 Per Cent

    MOL Hungarian Oil and Gas Public Limited Company EUR 750,000,000 2.625 Per Cent

    MOL Hungarian Oil and Gas Public Limited Company EUR 750,000,000 2.625 per cent. Notes due 2023 Issue Price: 99.214 per cent. The EUR 750,000,000 2.625 per cent. Notes due 2023 (the Notes) are issued by MOL Hungarian Oil and Gas Public Limited Company (the Issuer or MOL). Unless previously redeemed or cancelled, the Notes will be redeemed at their principal amount on 28 April 2023 (the Maturity Date). The Notes will bear interest from and including 28 April 2016 (the Issue Date) at the rate of 2.625 per cent. per annum. Interest on the Notes will be payable annually in arrear on 28 April in each year, commencing on 28 April 2017 . Payments on the Notes will be made in euro. The Issuer may, at its option, redeem all, but not some only, of the Notes at any time at par plus accrued interest, in the event of certain tax changes as described under Condition 7.2 (Redemption for Taxation Reasons). A holder of Notes may, upon the occurrence of a Change of Control as described in Condition 7.3 (Redemption at the option of the Noteholders), require the Issuer to redeem the Notes at par plus accrued interest. The Notes mature on 28 April 2023. This prospectus (the Prospectus) has been approved by the Central Bank of Ireland, as competent authority under Directive 2003/71/EC (which includes the amendments made by Directive 2010/73/EU) (the Prospectus Directive). Such approval relates only to Notes which are to be admitted to trading on a regulated market for the purposes of Directive 2004/39/EC and/or which are to be offered to the public in any Member State of the European Economic Area.
  • The Southern Gas Corridor

    The Southern Gas Corridor

    Energy July 2013 THE SOUTHERN GAS CORRIDOR The recent decision of The State Oil Company of The EU Energy Security and Solidarity Action Plan the Azerbaijan Republic (SOCAR) and its consortium identified the development of a Southern Gas partners to transport the Shah Deniz gas through Corridor to supply Europe with gas from Caspian Southern Europe via the Trans Adriatic Pipeline (TAP) and Middle Eastern sources as one of the EU’s is a key milestone in the creation of the Southern “highest energy securities priorities”. Azerbaijan, Gas Corridor. Turkmenistan, Iraq and Mashreq countries (as well as in the longer term, when political conditions This Briefing examines the origins, aims and permit, Uzbekistan and Iran) were identified development of the Southern Gas Corridor, including as partners which the EU would work with to the competing proposals to deliver gas through it. secure commitments for the supply of gas and the construction of the pipelines necessary for its Background development. It was clear from the Action Plan that the EU wanted increased independence from In 2007, driven by political incidents in gas supplier Russia. The EU Commission President José Manuel and transit countries, and the dependence by some Barroso stated that the EU needs “a collective EU Member States on a single gas supplier, the approach to key infrastructure to diversify our European Council agreed a new EU energy and energy supply – pipelines in particular. Today eight environment policy. The policy established a political Member States are reliant on just one supplier for agenda to achieve the Community’s core energy 100% of their gas needs – this is a problem we must objectives of sustainability, competitiveness and address”.
  • Annual Report 2010

    Annual Report 2010

    ANNUAL REPORT 2010 Annual Creportontent 2010 s 1 2 Key performance indicators 92 board of directors and management board 4 message to shareholders 92 Governing bodies structure of JsC Gazprom Neft 9 highlights 93 Membership of the Board of Directors 100 Membership of the Management Board 12 development strategy 105 Total compensation for members of Board 18 Company history of Directors and Management Board 20 Company structure 22 Geography of operations 106 environment and innovations 26 Competitive state of the company 106 Environmental protection and safety 114 Innovation activity 31 company Key performance indicators by type of operation 119 energy and energy saving in 2010 31 Oil and gas exploration and production 122 social responsibility 41 Oil refining and regional policy 45 Production of petroleum products 122 Personnel, occupational safety, and health 46 Sales of petroleum products management 48 Premium business segments 127 Social responsibility in areas of operations 52 Export of crude oil and petroleum products 129 to shareholders and investors 54 analysis of the company’s 129 Authorised capital shareholder capital financial results of activity structure by the management 130 Share market and capitalisation 54 Definitions and recalculation methodology 132 Participation in the Depositary Receipt 54 Forecast statements Program 55 Key performance indicators for 2008–2010 134 Dividend history 56 Key financial and performance indicators 135 Observing the Corporate Code of Conduct 57 Result of activities for 2010 compared to 2009 138 asset management and 57 Production segments corporate structure 58 Changes in structure of the group 60 Performance indicators and analysis 140 credit ratings and debt portfolio 66 Results of activities management 76 Financial appendices 140 Credit rating 77 Financial indicators 141 Debt obligations 78 Additional information 142 glossary of Key terms 84 investment program and definitions 86 Key risK factors 145 appendix.
  • Afghanistan H.E. Abdul Hadi Arghandiwal Acting Minister of Finance Ministry of Finance Pashtoonistan Maidan Kabul Afghanistan Mr

    Afghanistan H.E. Abdul Hadi Arghandiwal Acting Minister of Finance Ministry of Finance Pashtoonistan Maidan Kabul Afghanistan Mr

    PUBLIC DISCLOSURE AUTHORIZED INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES REPRESENTATIVE AND ALTERNATE REPRESENTATIVE Member Representative Alternate Representative Afghanistan H.E. Abdul Hadi Arghandiwal Mr. Abul Habib Zadran Acting Minister of Finance Deputy Minister for Finance Ministry of Finance Ministry of Finance Pashtoonistan Maidan Pashtoonistan Maidan Kabul Kabul Afghanistan Afghanistan Albania H.E. Ms. Anila Denaj Ms. Luljeta Minxhozi Minister of Finance and Economy Deputy Governor Ministry of Finance and Economy Bank of Albania Boulevard Deshmoret E. Kombit, No. 3 Sheshi "Skenderbej", No. 1 Tirana Tirana Albania Albania Algeria H.E. Aimene Benabderrahmane Mr. Ali Bouharaoua Minister of Finance Director General Ministere des Finances Economic and Financial External Affairs Immeuble Ahmed Francis Ministere des Finances Ben Aknoun Immeuble Ahmed Francis Algiers 16306 Ben Aknoun Algeria Algiers 16306 Algeria Argentina H.E. Gustavo Osvaldo Beliz Mr. Christian Gonzalo Asinelli Secretary of Strategic Affairs Under Secretary of International Financial Office of the President Relations for Development Balarce 50 Office of the President Buenos Aires Balarce 50 Argentina Buenos Aires Argentina Armenia H.E. Atom Janjughazyan Mr. Armen Hayrapetyan Minister of Finance First Deputy Minister of Finance Ministry of Finance Ministry of Finance Government House 1 Government House 1 Melik-Adamian St. 1 Melik-Adamian St. 1 Yerevan 0010 Yerevan 0010 Armenia Armenia Corporate Secretariat March 24, 2021 1 PUBLIC DISCLOSURE AUTHORIZED INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES REPRESENTATIVE AND ALTERNATE REPRESENTATIVE Member Representative Alternate Representative Australia Hon. Josh Frydenberg MP Hon. Michael Sukkar MP Treasurer of the Commonwealth of Australia Assistant Treasurer Parliament House Parliament House Parliament Dr. Parliament Dr. Canberra ACT 2600 Canberra ACT 2600 Australia Australia Austria H.E.
  • 3. Energy Reserves, Pipeline Routes and the Legal Regime in the Caspian Sea

    3. Energy Reserves, Pipeline Routes and the Legal Regime in the Caspian Sea

    3. Energy reserves, pipeline routes and the legal regime in the Caspian Sea John Roberts I. The energy reserves and production potential of the Caspian The issue of Caspian energy development has been dominated by four factors. The first is uncertain oil prices. These pose a challenge both to oilfield devel- opers and to the promoters of pipelines. The boom prices of 2000, coupled with supply shortages within the Organization of the Petroleum Exporting Countries (OPEC), have made development of the resources of the Caspian area very attractive. By contrast, when oil prices hovered around the $10 per barrel level in late 1998 and early 1999, the price downturn threatened not only the viability of some of the more grandiose pipeline projects to carry Caspian oil to the outside world, but also the economics of basic oilfield exploration in the region. While there will be some fly-by-night operators who endeavour to secure swift returns in an era of high prices, the major energy developers, as well as the majority of smaller investors, will continue to predicate total production costs (including carriage to market) not exceeding $10–12 a barrel. The second is the geology and geography of the area. The importance of its geology was highlighted when two of the first four international consortia formed to look for oil in blocks off Azerbaijan where no wells had previously been drilled pulled out in the wake of poor results.1 The geography of the area involves the complex problem of export pipeline development and the chicken- and-egg question whether lack of pipelines is holding back oil and gas pro- duction or vice versa.
  • About the Artistic and Performing Features of Violin Works Gara Garayev About the Artistic and Performing Features of Violin Works of Gara Garayev

    About the Artistic and Performing Features of Violin Works Gara Garayev About the Artistic and Performing Features of Violin Works of Gara Garayev

    CEYLA GANİOĞLU CEYLA ABOUT THE ARTISTIC AND PERFORMING FEATURES OF VIOLIN WORKS OF GARA GARAYEV OF VIOLIN WORKS GARA AND PERFORMING FEATURES ARTISTIC THE ABOUT ABOUT THE ARTISTIC AND PERFORMING FEATURES OF VIOLIN WORKS OF GARA GARAYEV Art Proficiency Thesis by CEYLA GANİOĞLU Department of Bilkent University 2019 Music İhsan Doğramacı Bilkent University Ankara May 2019 ABOUT THE ARTISTIC AND PERFORMING FEATURES OF VIOLIN WORKS OF GARA GARAYEV The Graduate School of Economics and Social Sciences of İhsan Doğramacı Bilkent University by CEYLA GANİOĞLU In Partial Fulfillment of the Requirements for the Degree of ART PROFICIENCY IN MUSIC THE DEPARTMENT OF MUSIC İHSAN DOĞRAMACI BİLKENT UNIVERSITY ANKARA May 2019 ABSTRACT ABOUT THE ARTISTIC AND PERFORMING FEATURES OF VIOLIN WORKS OF GARA GARAYEV Ganioğlu, Ceyla Proficiency in Music, Department of Music Supervisor: Prof. Gürer Aykal May 2019 Garayev’s unique talents of music opened a new page in Azerbaijan’s music of 20th century. He adapted an untypical way of making music in which he was able to combine the traditional and the modern type. There are several substances that were brought in music of Azerbaijan by Garayev such as new themes, new images, and new means of composing. He achieved success not only in the areas of the national ballet, choral, and chamber music but also panned out well considering sonata for violin and piano and the violin concerto. These works represents main aspects and characteristics of Garayev’s music like implementation of national traditions while applying new methods of the 20th century, specifically neo-classicism and serial technique. In both sonata for violin and piano and the violin concerto, he reflects a perspective of synthesis of the two musical systems that are the Eastern and the Western.
  • 17CTCE Onsite Prog A5+TD.Indd

    17CTCE Onsite Prog A5+TD.Indd

    Conference Programme SPE Annual Caspian Technical Conference and Exhibition Chasing the Margins 1 – 3 November 2017 I Baku, Azerbaijan CELEBRATING 20 YEARS OF THE SPE BAKU SECTION 1997-2017 Host Organisation: Platinum Sponsor: In Participation With: SM Fairmont Hotel, Baku Azerbaijan I www.spe.org/go/17ctce WELCOME FROM THE EXECUTIVE COMMITTEE CO-CHAIRS ABOUT SPE TABLE OF CONTENTS Dear Colleague, Society of Petroleum Engineers Sponsors 2 The Society of Petroleum Engineers About our Partners 3 As conference co-chairs, and on behalf of the Conference Executive and Technical (SPE) is a not-for-profi t professional Venue Floor Plan 4 Programme Committees, we thank you for attending the SPE Annual Caspian Technical association whose members are Schedule of Events 5 engaged in energy resources Conference and Exhibition. Committees 7 development and production. SPE serves more than 164,000 members Opening Ceremony 8 This year’s conference theme “Chasing the Margins” will focus on the current market in 143 countries worldwide. SPE is a Conference Programme and Panel Sessions 9 conditions facing the oil and gas industry, both globally and on a local level, and the ways key resource for technical knowledge Technical Programme 11 in which our industry should respond. The velocity and magnitude of price volatility has related to the oil and gas exploration Speaker Biographies 23 pushed the industry to shift focus from “chasing barrels” towards “chasing effi ciency” to and production industry and provides General Information 28 services through its publications, events, Student Development Summit 30 enhance the value of the ultimate products. The modernisation of the industry, the training courses, and online resources at collaboration between oil and gas operators, contractors, service providers and www.spe.org.
  • 2D Seismic Survey in Block AD- 10, Offshore Myanmar

    2D Seismic Survey in Block AD- 10, Offshore Myanmar

    2D Seismic Survey in Block AD- 10, Offshore Myanmar Initial Environmental Examination 02 December 2015 Environmental Resources Management www.erm.com The world’s leading sustainability consultancy 2D Seismic Survey in Block AD-10, Environmental Resources Management Offshore Myanmar ERM-Hong Kong, Limited 16/F, Berkshire House 25 Westlands Road Initial Environmental Examination Quarry Bay Hong Kong Telephone: (852) 2271 3000 Facsimile: (852) 2723 5660 Document Code: 0267094_IEE_Cover_AD10_EN.docx http://www.erm.com Client: Project No: Statoil Myanmar Private Limited 0267094 Summary: Date: 02 December 2015 Approved by: This document presents the Initial Environmental Examination (IEE) for 2D Seismic Survey in Block AD-10, as required under current Draft Environmental Impact Assessment Procedures Craig A. Reid Partner 1 Addressing MOECAF Comments, Final for MOGE RS CAR CAR 02/12/2015 0 Draft Final RS JNG CAR 31/08/2015 Revision Description By Checked Approved Date Distribution Internal Public Confidential CONTENTS 1 EXECUTIVE SUMMARY 1-1 1.1 PURPOSE AND EXTENT OF THE IEE REPORT 1-1 1.2 SUMMARY OF THE ACTIVITIES UNDERTAKEN DURING THE IEE STUDY 1-2 1.3 PROJECT ALTERNATIVES 1-2 1.4 DESCRIPTION OF THE ENVIRONMENT TO BE AFFECTED BY THE PROJECT 1-4 1.5 SIGNIFICANT ENVIRONMENTAL IMPACTS 1-5 1.6 THE PUBLIC CONSULTATION AND PARTICIPATION PROCESS 1-6 1.7 SUMMARY OF THE EMP 1-7 1.8 CONCLUSIONS AND RECOMMENDATIONS OF THE IEE REPORT 1-8 2 INTRODUCTION 2-1 2.1 PROJECT OVERVIEW 2-1 2.2 PROJECT PROPONENT 2-1 2.3 THIS INITIAL ENVIRONMENTAL EVALUATION (IEE)
  • Kashagan and Tengiz

    Kashagan and Tengiz

    KashaganandTengiz—CastorandPollux DanielJohnstonandDavidJohnston AdaptedfromPetroMinMagazine–15December,2001. The recently announced super giant Kashagan discovery in the Kazakhstan sector of the NorthCaspianSeaistheworld’slargestdiscovery in three decades. Kashagan, located in shallowwater,isananalogtotheonshoreTengizfieldlocatedapproximately130to150km (85miles)tothesoutheast. KashaganandTengizarethetwolargestfieldsinKazakhstan—theiroilreservesalonerival theUnitedStates22Billionbarrelsofoil,yettheyhavehardlybeguntoproduce.Tengizin 10yearsofproductionhasproducedlessthan10%ofit’srecoverablereserves.Andwhile Kashaganwasonlyjustdiscovered,thereareothersimilarstructuresintheKashaganlicense areathatareyetundrilled.Overall,thedevelopmentcostswilllikelycosttensofbillionsof dollars but revenues to the Contractor group (the oil companies) and the Kazakhstan Governmentcouldexceed onetrilliondollars . TheKashaganprospect,(Figure1)namedafterthegreatKazakhpoet,wasidentifiedbythe Soviets in the early 1970s. However, the extremely promising prospect, located in an environmentallysensitiveandhighcostenvironment,wasnotdrilledatthattime. Threewellshavebeendrilledonthestructuresincelate2000andtheprospecthaslivedupto it’spromise.Appropriately,theKashaganproduction sharingagreement (PSA) is about as 1 famousasthediscovery. Every single percentage point (1%) take (either Government or Contractor take) could representfrom$1.5to$2billioninprofitsforthefirst10billionbarrelsalone.Thisisabig one. Thediscoveryisratedat6.4to100billionbarrels. 2However,itislikelythatagoodworking
  • Quarterly Report for First Quarter of 2021

    Quarterly Report for First Quarter of 2021

    Квартални извештај за први квартал 2021. године QUARTERLY REPORT FOR FIRST QUARTER OF 2021 1 NIS Group The Quarterly Report for First Quarter of 2021 presents a factual overview of NIS Group’s activities, development and performance in first three months of 2020. The Report covers and presents data for NIS Group, comprising NIS j.s.c. Novi Sad and its subsidiaries. If the data pertain only to certain individual subsidiaries or only NIS j.s.c. Novi Sad, it is so noted in the Report. The terms: ‘NIS j.s.c. Novi Sad’ and ‘the Company’ denote the parent company NIS j.s.c. Novi Sad, whereas the terms ‘NIS’ and ‘NIS Group’ pertain to NIS j.s.c. Novi Sad with its subsidiaries. The Quarterly Report for first quarter of 2021 is compiled in Serbian, English and Russian. In case of any discrepancy, the Serbian version shall be given precedence. The Quarterly Report for First Quarter of 2021 is also available online on the corporate website. For any additional information on NIS Group, visit the corporate website www.nis.eu. 2 Quarterly Report For First Quarter Of 2021 Contents Contents .........................................................................................................................................3 Foreword ........................................................................................................................................4 Business report ........................................................................................................................................ 6 Highlights ........................................................................................................................................6
  • Central Asia's Oil and Gas Reserves

    Central Asia's Oil and Gas Reserves

    JANUARY 23-25, 2010 THUN, SWITZERLAND EURASIA EMERGING MARKETS FORUM Central Asia’s Oil and Gas The Emerging Markets Forum was created by the Centennial Group as a not-for-prot Reserves: initiative to bring together high-level government and corporate leaders from around the To Whom Do world to engage in dialogue on the key economic, nancial and social issues facing They Matter? emerging market countries. Martha Brill Olcott The Forum is focused on some 70 emerging market economies in East and South Asia, Eurasia, Latin America and Africa that share prospects of superior economic performance, already have or seek to create a conducive business environment and are of near-term interest to private investors, both domestic and international. Our current list of EMCs is shown on the back cover. We expect this list to eveolve over time, as countries’ policies and prospects change. Further details on the Forum and its meetings may be seen on our website at http://www.emergingmarketsforum.org Emerging The Watergate Oce Building, 2600 Virginia Avenue, NW, Suite 201 Markets Forum Washington, DC 20037, USA. Tel:(1) 202 393 6663 Fax: (1) 202 393 6556 A nonprofit initiative of the Centennial Group Email: [email protected] Bringing people together to accelerate growth and well-being in emerging markets Central Asia’s Oil and Gas Reserves: To Whom Do They Matter? Martha Brill Olcott¹ Summary Iolathan-Osman gas field, a field confirmed as one of the world’s top five deposits in an independent audit It seems like anytime one opens the business section by Gaffney, Cline and Associates.
  • Endorser Statements (In Alphabetical Order)

    Endorser Statements (In Alphabetical Order)

    Endorser Statements (in alphabetical order) Rovnag Abdullayev, President, SOCAR (Azerbaijan) “The growing global oil & gas industry has also brought into the global agenda the mitigation of negative effects to the environment and climate change as well as environmental protection. Azerbaijan, as an oil producing country, has undertaken bold actions and achieved significant results during the past several years. SOCAR has joined the World Bank’s initiative “Zero Routine Flaring by 2030” together with global oil giants and was the fifth company to endorse the initiative. Through joining World Bank's initiative on gas flaring, SOCAR has achieved to decrease the ratio of flared gas to 1.7% in 2013 and 1.6% in 2014 accordingly. Moreover, the captured flare gas was channeled into gas transportation network to be delivered to end consumers. This fact highlights once again the importance that Azerbaijan pays to environmental protection and mitigation of climate change risks.” Solomon Asamoah, Vice President, African Development Bank “We welcome this global Initiative to end routine flaring no later than 2030. The African Development Bank’s strategy for the period 2013 – 2022 has inclusive and green growth as the overarching objectives and this initiative is clearly aligned with our strategic focus of sustainable development.” Børge Brende, Minister of Foreign Affairs, Norway “In Norway flaring, except emergency flaring, has been forbidden from the start of our oil production, to avoid wasting resources. Later, global warming reinforced our commitment. Flaring in the Arctic is especially damaging. Carbon from the flaring falls on snow and the glacier, accelerating the melting. We have all seen the disturbing pictures of polar bears without their natural habitat of ice.