Russia and Caspian upstream in brief

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20 March 2019

Russia and Caspian upstream in brief

Report summary

The Russia and Caspian upstream in brief provides Wood Mackenzie's expert opinion and analysis of the key events impacting the upstream industry in the region. We draw upon our upstream database and data tools to help deepen our clients' understanding of the region. The report primarily focuses on exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.

Table of contents

    • Kazakhstan's president resigns: what does it mean for the upstream sector?
    • Equinor gets a rig for Karabakh appraisal in Azerbaijan
    • NOVATEK commissions Vysotsk LNG
    • Eni signs initial agreements for new Kazakh offshore exploration block
    • LUKOIL faces domestic gas sales in Uzbekistan
    • Russian operators to reach OPEC+ cut level by early April
    • March editorial: will exports be the only driver of Russia’s long-term energy growth?
    • LUKOIL 2018 results released, D41 and South Messoyakhskoye fields to be brought onstream in 2019
    • EU reaches provisional agreement on regulations affecting Nord Stream 2
    • Siemens to produce Arctic LNG-2 compressors in Russia
    • Turkmen oil exports switch route after Vitol triumph
    • SIBUR to take FID on Amur gas chemical complex (GCC) before year-end
    • BP Azerbaijan confirms strong 2018 performance at its megaprojects
    • Gazprom signs an agreement with Almaz-Antey for the supply of subsea equipment
    • LPG sales under evaluation at Kazakhstan's Kashagan megaproject
    • The RDIF could acquire 30% in Eurasia Drilling Company (EDC)
    • February editorial – resource capture in Russia and Caspian
    • Azerbaijan to use Kazakhstan's stacked Satti jack-up rig
    • Salym Petroleum Development expands in Khanty-Mansi region
    • Siemens to provide compressor units for Arctic LNG-2
    • TurkStream volumes to flow into Serbia
    • NOVATEK ready to swap assets with Gazpromneft
    • Kazakh oil and condensate production impresses in 2018
    • Georgia launches onshore licensing round
    • Trans Adriatic Pipeline (TAP) completes EUR 3.9 billion project financing
    • Russia: Gazprom launches Kaliningrad FSRU
    • Uzbekistan GTL secures critical US$2.3 billion financing
    • Gazpromneft and Repsol acquire ASB Geo
    • Commercial oil production launched at Yaro-Yakhinskoye
    • Lundin Petroleum exits Russia's upstream
    • NOVATEK signs new deals for GBS construction, equipment for Arctic LNG-2
    • Kazakhstan breaks ground on Saryarka gas pipeline to Astana
    • OPEC and Russia ink new production cut deal
    • December editorial - Enhancing Russia's oil production
    • Chevron and ExxonMobil evaluating exit from Azerbaijan
    • LUKOIL signs up for offshore Kazakh exploration
    • Yamal LNG exports first 100 cargoes in less than a year
    • Line C of Turkmenistan-China Gas Pipeline reaches design capacity
    • Gazpromneft wins the licence for the South Obski block
    • Nostrum Oil & Gas further downgrades Kazakh production guidance
    • Yamal LNG commissions the third train
    • BP Azerbaijan – production strong, exploration rebounding
    • TurkStream offshore section complete
    • CNPC and NC KazMunaiGas relinquish Kazakh offshore exploration blocks
    • NOVATEK continues its successful exploration campaign
    • Gazpromneft makes a billion barrel discovery offshore Sakhalin
    • Azerbaijan-focused Greenfields Petroleum to list in London
    • Azerbaijan evaluates its gas import needs for 2019-20
    • November editorial - Georgia's upstream sector - why's it on our mind?
    • Trans Adriatic Pipeline (TAP) upheld by new Italian government
    • Eni exits Black Sea project with Rosneft
    • Kazakhstan agrees to increase gas exports to China
    • Gazprom set to resume Turkmen gas purchases
    • Total signs MoU to evaluate Uzbek exploration
    • NOVATEK intends to commission Vysotsk LNG in 2018
    • Get ready for Arctic LNG-3
    • October editorial - Russia looks east again
    • How high can Russian production go?
    • Kazakhstan and Eni/Shell-led Karachaganak consortium to settle PSC dispute
    • LetterOne and BASF merge upstream assets to form Wintershall DEA
    • Total acquires extra 0.5% share in NOVATEK
    • Resource upgrade at Neptune
    • NOVATEK increases reserves at Salmanovskoye (Utrenneye)
    • ONGC Videsh to exit offshore Kazakh exploration project
    • BP buys into Azerbaijan's onshore, with exploration in mind
    • FID for debottlenecking at Kazakhstan's Karachaganak megaproject
    • Rosneft withdraws from Pechora LNG
    • Gazpromneft deal with Mubadala and RDIF completed

Tables and charts

This report includes 16 images and tables including:

  • Liquids production in Russia
  • Russia primary energy demand by fuel (2005-35)
  • BP-operated production in Azerbaijan
  • Kazakhstan 2018 oil and condensate production
  • Georgia 2018 licensing round blocks on offer
  • Saryarka gas pipeline
  • IOC value in Azerbaijan (upstream and midstream)
  • Location of the Zhenis block in the Caspian Sea
  • Chinarevskoye sales production
  • Ayashski block in Russia's Far East
  • Gazprom purchases of Turkmen gas, 2008 onwards
  • Russian monthly production since 2016
  • Karachaganak PSC Settlement Agreement
  • Evolution of Total's participation in NOVATEK
  • NOVATEK's LNG projects
  • Karachaganak megaproject: liquids production outlook (base case)

What's included

This report contains:

  • Document

    Russia and Caspian upstream in brief

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