Home / TNK-BP picks Halliburton for Siberian oil field
TNK-BP picks Halliburton for Siberian oil fieldby Arabian Oil & Gas Staff on Jan 7, 2013
TNK-BP has selected Halliburton to increase production from the tight oil reserves in the Em-Yoga license area of Russia’s Krasnoleninskoe oil and gas field in Nyagan, Western Siberia.
Through the two-year contract, Halliburton will provide project management, well construction and completion services including direction drilling, logging-while drilling, fluids, bits, cementing, completion tools, coiled tubing and multistage fracturing stimulation services for multiple wells in Nyagan.
The company initially mobilize from its Nizhnevartovsk base in Western Siberia, but as the field is developed, it intends to establish a base and other facilities int he area.
“TNK-BP is pursuing integrated development projects jointly with leading oilfield services companies such as Halliburton in oreder to bring new technology to the development of tight oil reserves in our difficult fields,” said Oleg Mikhailov, TNK-BP’s vice president of Operations and Asset Management. “The project in the Krasnoleninskoe field is an element of the Challenged Reserves strategy launched by TNK-BP in 2012.”
“I am really pleased that companies like Halliburton with such wide global reach and technical capabilities are coming to the Nyagan area,” said Evgeny Lapshin, TNK-BP Nyagan general director. “We anticipate an increased deployment of technology to access reserves that were previously uneconomical.”
Konstantin Schilin, Halliburton’s Russia Area vice president, said, “This contract represents a new stage in our relationship with TNK-BP that I am sure will create greater opportunities for both companies to collaborate and grow together.”
- Egypt signs $350mn deals with Saudi Arabia
- DME Oman trades at the lowest price since 2012
- Ras Lanuf terminal delivers first oil for a year
- GIS completes acquisition of 30% JDC stake in GDI
- Business as usual for Iraq's southern oil fields
- Saudi Aramco denies new cyber attack
- Japan extends Saudi Aramco crude storage contract
- Halliburton brings new stimulation vessel to Gulf
- TNK-BP picks Halliburton for Siberian oil field
- Halliburton rakes in $867 million in third quarter