SOCAR Energy Ukraine's subsidiaries Torgoviy Dom and SOCAR-AVIA organize the sale of light oil
products and aviation fuel at Ukrainian airports.
The 'Adjusted Funds Flow', 'Light Oil
Operating Income', 'Light Oil
Operating Netback', 'Light Oil
Capital Expenditures Net of Capital-Carry', 'Thermal Oil Operating Income', 'Thermal Oil Operating Netback', 'Consolidated Operating Income', 'Consolidated Operating Netback', 'Consolidated Capital Expenditures Net of Capital-Carry', 'Net Debt' and 'Consolidated Free Cash Flow' financial measures contained in this News Release do not have standardized meanings which are prescribed by IFRS and they are considered to be non-GAAP measures.
The well has been opened to production in the sandstones and delivered 5,130 barrels of oil equivalent per day (boepd) of light oil
with low associated gas.
Analyst said revenues grew on accounts of higher Arab light oil
prices (up 24% year-on-year basis) to $65.6 per barrel, currency devaluation providing support to dollar-linked revenues and upward revision in Sui field's wellhead gas pricing.
The offers will add to a glut of light oil
supplies in Asia, increasing competition with fellow Gulf producer Abu Dhabi National Oil Co and Russia, who declined to be identified due to the sensitivity of the matter.
The reserve found by Repsol and its partner Armstrong Energy could contain as much as 1.2 million barrels of light oil
, (http://https://www.repsol.com/es_en/corporacion/prensa/notas-de-prensa/ultimas-notas/09032017-repsol-realiza-el-mayor-descubrimiento-de-petroleo-de-los-ultimos-30-anyos-en-suelo-estadounidense.aspx) the company said in a press release Thursday.
The No 3 Opec producer is producing around 4.5 million barrels per day (bpd) of crude and ultra light oil
condensate, according to local oil officials, while it has just about doubled its total exports since sanctions targeting its nuclear programme were lifted in January.
Spartan Energy Corporation (TSX:SPE), an oil and gas company based in Calgary, Alberta, has completed its acquisition of Wyatt Oil + Gas Incorporated, a privately held corporation with light oil
assets in southeast Saskatchewan.
In April 2007, the Oil Ministry announced a find south of Raudhatain oilfield in the north, saying the new field contained "a huge amount of light oil
and associated gas".
"Concrete slabs which prohibited vertical subsurface exploration activities were encountered at several of the following former gas-plant structure locations including: tar ASTs (above-ground storage tanks), a former tar well, two former gas-storage holders, the foundation for decanters and light-oil recovery operations, pipe tunnel, a former light oil
tank, drip oil tank and tar-processing tanks,'' according to the report.