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Poolside photos of 59-year-old Christie Brinkley are a Web sensation
MOSCOW, Jan. 11 (UPI) -- Russian energy company Gazprom Neft announced Friday that it started drilling an appraisal well in Western Siberia, its second tight oil project.
"The drilling is part of the company's program to develop unconventional and hard to recover oil reserves," the oil arm of energy company Gazprom stated. "Exploration ... is part of a project to improve tight oil expertise in order to develop hydrocarbons located in the Bazhenov, Abalakskaya and Frolovskaya formations."
Gazprom Neft said it expects the region may have "high oil content," though it hasn't been explored extensively. Tight oil could be produced, however, based on the results for seismic data.
The company said it would examine the drilling results in the spring.
Gazprom Neft said it was involved in a similar development its joint venture operator with Shell, Salym Petroleum Development. Drilling is expected in the Bazhenov reservoir by 2014.
"Gazprom Neft, Shell and SPD produced a road map, which sets the stages leading toward full-scale development of the Bazhenov formation at the Verkhne-Salymskoye oil deposit in the Khanty-Mansi Autonomous District," the company said.
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| Additional Energy Resources Stories | |
ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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