Surgutneftegaz plans to bring on stream six new fields in Russia's new oil province East Siberia in the next five years, with the aim of nearly doubling crude production in the region to 4.98 million mt/year by 2015, according to company materials obtained by Platts.
Russian Prime Minister Vladimir Putin opened a new oil and gas institute at the Siberia Federal University while travelling through Siberia and the Far East. Speaking to faculty and students, Putin said the new institute would prepare specialists to work in the nation's rapidly-developing oil and gas sector.
US oilfield services giant Baker Hughes has strengthened its position in Russia's onshore play with the acquisition of Western Siberia-based Oilpump Services (OPS).
Rosneft geologists discovered a large new oilfield within Mogdinsky and East Sugdinsky license areas in Katangsky District of Irkutsk Region (East Siberia).