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Russia and Caspian upstream in brief

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04 April 2021

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

  • Catch up on our virtual briefing for regional clients
  • What next after BP’s giant Shafag Asiman gas-condensate discovery in Azerbaijan?
  • Russian NOVATEK announces Q1 2021 results
  • Azerbaijan’s Shah Deniz Phase One gas exports to Turkey suspended as contract extension talks continue
  • Kazakhstan awards eight onshore blocks to domestic investors in second online auction
  • PETRONAS moves closer to Garagol-Deniz first oil at Block 1, offshore Turkmenistan
  • OPEC+ – including Russia, Kazakhstan and Azerbaijan – agrees to phased oil output increase in May-July
  • OPEC+ oil cut tracker – how compliant are Russia, Kazakhstan and Azerbaijan?
  • NOVATEK secures another licence for its Arctic LNG-1 project
  • Discovery confirmed at deepwater Shafag Asiman prospect in Azerbaijan
  • Severneftegazprom finds new way to make gas recovery easier
  • Gas price to China via Power of Siberia falls to lowest level so far
  • Karachaganak gas debottlenecking project (KGDBN) launched in Kazakhstan
  • KazMunaiGas keeps control of KazTransGas, despite partial unbundling
  • Kazakhstan evaluates tax and regulatory reforms
  • Russia and Kazakhstan to increase oil production again in April, under latest OPEC+ terms
  • LUKOIL expresses interest in offshore Dostlug project, after landmark Azerbaijan-Turkmenistan MoU
  • High-profile oil discovery announced in Kazakhstan’s Mangistau region
  • Shenergy signs a 15-year SPA with NOVATEK
  • Block Energy achieves first gas sales in Georgia
  • NOVATEK announces 2020 results
  • Rosneft signs investment agreement for Priobskoye North field
  • Uzbekistan advances its ambitious methanol to olefins (MTO) plans
    • Russia
    • Rosneft will put its foot on the gas again
    • NOVATEK and Gazprom will play LNG catch-up
    • Caspian
    • Turkmenistan will grant offshore contract extensions
    • Uzbekistan will hope for a tender embrace from IOCs
    • Taking stock of the region’s upstream sector
  • 2020 - a year to remember for Russian discoveries
  • BP Azerbaijan reports resilient 2020 operating results
  • Nostrum Oil & Gas suffers another major reserve downgrade in Kazakhstan
  • Azerbaijani President announces SOCAR governance shake-up
  • Kazakhstan announces its next auction for onshore acreage
  • Nord Stream 2 under increased pressure as pipelaying resumes
  • Azerbaijan and Turkmenistan sign MoU for previously disputed Caspian Sea field
  • Achim Development starts production at 4A block
    • Listen to our podcast on the recent OPEC+ agreement
  • Rosneft starts 2021 with a discovery in East Siberia
  • Rosneft ends 2020 with discovery of global significance in East Siberia
  • Rosneft steps up M&A activity in Russia at year end
  • NOVATEK and NLMK sign MOU on decarbonisation
  • Kashagan consortium will boost oil output thanks to gas plant deal with KazTransGas
  • OMV Petrom sells its Kazakh assets to local firm
  • Domestic investors dominate Kazakhstan’s first-ever online exploration auction
  • Rosneft announces climate goals to 2035
  • What to look for in Russia and Caspian upstream in 2021?
  • Rosneft announces two giant discoveries in Russia’s Arctic offshore
  • Kazakhstan finally settles Karachaganak PSC dispute with Eni, Shell and partners
  • Equinor acquires early-life oil assets in East Siberia
  • Kazakhstan’s Kashagan megaproject outlines its long-term development plan
  • OPEC+ – including Russia, Kazakhstan and Azerbaijan – agrees to increase oil output in January 2021
  • Kazakh gas import talks highlight its future supply conundrum in eastern regions
    • Agenda
    • Global upstream webinar series
  • Russia's Vostok Oil project to get its first foreign investor
  • Russia’s Volga Gas to get a new owner
  • Trans Adriatic Pipeline (TAP) start-up marks the completion of Europe’s Southern Gas Corridor
  • Rosneft: a safe bet on oil in lower-for-longer scenario
  • Power of Siberia extends further
  • Leningradskoye appraisal well proves its worth
  • OMV Petrom’s Kazakh assets are for sale
  • NOVATEK announces Q3 2020 results
  • Russian Arctic LNG-2 finishes up fleet formation
  • Some you win, some you lose in Russia tax changes
  • Tethys Petroleum boosts hopes for Klymene oil discovery in Kazakhstan
  • Russia won’t fundamentally change oil transport tariff policy after all
  • Trans Adriatic Pipeline (TAP) construction completes, as commissioning nears
  • BP's strategy update – what does it mean for Russia and Caspian?
  • Gazprom appraisal success at Leningradskoye in the Kara Sea
  • LUKOIL makes progress towards second offshore Kazakh licence
  • Escalating Azerbaijan-Armenia conflict threatens energy infrastructure
  • First gas at Total’s Absheron in Azerbaijan delayed to 2022
  • Kazakhstan launches its first online auction for oil and gas licences
  • Tensions flare again in Azerbaijan-Armenia conflict
  • Russian upstream companies abroad
  • International financial institutions poised to finance Arctic LNG-2
  • Kazakhstan takes its onshore exploration auctions online
  • LUKOIL West-Siberia improves oil recovery
  • Will Turkey’s giant gas discovery undermine Russia and Azerbaijan’s export outlook?
  • LUKOIL continues to face severe production constraint in Uzbekistan
  • Rosneft drilling two exploration wells in the Kara Sea
  • Rosneft goes from strength to strength at the West Irkinski block
  • SIBUR starts construction of world's largest steam cracker in Russia
  • Azerbaijan’s president in rare criticism of SOCAR, the national energy champion
  • Uzbekistan will offer marginal field opportunities to boost oil output
  • Russian NOVATEK announces Q2 2020 results
  • Gazpromneft and NOVATEK to create Russian Arctic shelf JV in 2021
  • South Kirinskoye production drilling underway
  • Russian Ministry of Energy considers expansion of oil storage
  • Shell forms new Russian exploration JV with Gazpromneft
  • Tengizchevroil raises US$1.25 billion in first call on bond market since 2016
  • Is it ‘anchors aweigh’ for Nord Stream 2?
  • Webinar: China’s call on Russian and Central Asian gas – what to watch in the 2020s?
    • In Russia
    • 1. Offshore drilling – keeping the tank full
    • 2. Hard-to-recover formations – tough to ignore
    • In Caspian
    • 1. Uzbekistan’s reopening – a chance to regain momentum in IOC talks
    • 2. Azerbaijani gas – adding another piece to the jigsaw
  • SOCAR’s net profit fell 47% in 2019
  • Trans Adriatic Pipeline (TAP) gains schedule flexibility with exemption extension
  • OMV Petrom makes winning bid for Georgian Black Sea block
  • Tatneft, LUKOIL and Gazpromneft close Domanik JV deal
  • How does Russia and Caspian look in Lens Upstream?
  • Kazakhstan will compensate in Q3 for OPEC+ under-compliance in May
  • Kazakhstan intends to unbundle its national pipeline operators
  • LUKOIL accelerates E&A drilling in Russia's Caspian
  • Kazakhstan's Tengizchevroil (TCO) megaproject begins first crew change since coronavirus outbreak
  • Trans Adriatic Pipeline (TAP) completes offshore section and nears the finish line
  • After the crash – what's changed in Russia and Caspian upstream?
  • How will the regional supply chain survive 2020?
  • NOVATEK orders two floating LNG storage units in South Korea
  • Russia and its partners extend Phase 1 of OPEC+ production cuts to end-July
  • LUKOIL confirms 2020 gas production downside in Uzbekistan
  • Expanded sanctions on Nord Stream 2 on the horizon
  • SOCAR becomes technical operator of South Caucasus Pipeline (SCP)
  • NOVATEK’s Obskiy LNG postponed until 2024
  • Epsilon Development Company maintains Uzbek exploration success
  • Russian oil production falls dramatically in May, closing in on OPEC+ target
  • Borealis exits major petrochemical project in Kazakhstan
  • Russian state formally loses majority stake in Rosneft
  • Coronavirus cases approach 1,000 at Kazakhstan’s Tengizchevroil (TCO) megaproject, but operational shutdown is highly unlikely
  • Repsol abandons Gydan exploration JV with Gazpromneft and Shell
  • ExxonMobil maintains Azerbaijan divestment plans
  • Azerbaijan showcases compliance with OPEC+ oil cuts as pandemic hinders BP’s new ACG phase
  • Rosneft announces Q1 2020 results
  • Gazpromneft to unlock the potential of Gazprom’s liquids-rich formations
  • Kazakhstan starts to comply with its OPEC+ oil production cuts
  • Amid pandemic, China reduced April piped gas imports to make room for LNG
  • Global pandemic weighs on Gazprom’s exports
  • Rosneft launches exploration campaign to get the Vostok Oil megaproject moving
  • Rosneft announces capex cuts for 2020
  • Will Russia fundamentally change oil transport tariff policy?
  • Gazprom announces huge gas discovery in the Russia’s Kara Sea
  • The commercial and technical challenges of cutting oil production in Russia
  • Yakutia LNG project in Russia’s Far East seems far-fetched
  • BP and Equinor pause offshore exploration drilling in Azerbaijan
  • Gazprom and Rosneft deliver to shareholders despite challenging environment
  • Chevron reduces 2020 investment at Kazakhstan’s virus-hit Tengiz megaproject
  • Kazakh liquids producers temporarily diversify away from core CPC export route
  • Rosgeologiya warns on E&A, but Gazprom appears keen to push ahead with E&A activity in the Kara Sea
  • Webinar: Russia and Caspian upstream - price, production and pandemic
  • Coronavirus tracker: alarming situation near Murmansk
  • Kovyktinskoye field expected to reach a higher production plateau
  • MOL completes acquisition of Chevron’s Azerbaijan assets
  • Utrenniy terminal to be expanded for Arctic LNG-1
  • Coronavirus outbreak halts most construction work at Chevron-led Tengiz megaproject
  • OPEC+ 2.0 deal: how will Russia, Azerbaijan and Kazakhstan cut?
  • Rosneft continues share buyback but at a slower pace
  • Shell abandons the Meretoyakhaneftegaz JV
  • Fiscal evolution: New tax breaks for Arctic oil and gas projects
  • Survive and adapt – how is Russia and Caspian navigating the current crises?
  • Coronavirus spreads across the region
  • Nostrum Oil & Gas confirms 50% reserve downgrade at core Kazakh field
  • Coronavirus effect drives Caspian oil blends to record price discounts
  • Podcast: Middle East, Russia and US response to the oil price crash
  • Eni commissions its first onshore wind project in Kazakhstan
  • Block Energy acquires Schlumberger’s Georgia assets in share options deal
  • Assessing coronavirus’ impact on Russia and Caspian upstream
  • Export duty payments to the Russian government fall along with oil price
  • Regional currencies suffer largest drop since 2014 – how does this affect the upstream?
  • Equinor completes Karabakh appraisal offshore Azerbaijan
  • Oil price crash: deep investment cuts are coming
  • China cuts piped gas imports amid coronavirus outbreak
  • After the crash – what to watch right now in Russia and Caspian?
  • Turkmenistan’s roadshow – is a Caspian offshore licensing round on the cards?
  • Russneft to unlock Achimov potential of Tagrinskoye field
  • Kazakhstan’s long-term role in the Majors’ strategies
  • OMV and Gazprom postpone Achimov 4/5 deal
  • Zenith Energy to exit onshore Azerbaijan production
  • Kazakhstan seeks to stimulate exploration – again
  • Gazpromneft starts development of the West Yubileyni block
  • Russia and Caspian and the global impact of coronavirus
  • Russia’s US$1.7 billion nuclear-powered icebreaker
  • Rosneft postpones gas ramp-up at Kharampurskoye and Rospan International
  • Russian NOVATEK announces 2019 results and future plans
  • Key takeaways from Gazprom Investor Day
  • BP Azerbaijan reports strong 2019 performance
    • Russia
    • Uncertainty swirls around Gazprom’s Nord Stream 2 launch date
    • OMV’s M&A efforts with Gazprom will finally bear fruit
    • Caspian
    • In Kazakhstan, the finish line awaits for multi-billion-dollar Karachaganak PSC dispute
    • In Azerbaijan, ExxonMobil will reach the exit door
  • Lens database: key price assumption update
  • Amendment to subsoil law will simplify access to Russia’s internal seas and territorial waters
  • Contamination disrupts Kazakh oil exports to China
  • Rosneft wins two licences in Yamal-Nenets
  • Nostrum Oil & Gas downgrades its Kazakh outlook even further
  • Offshore role dawns for Caspian Sunrise after deal for Kazakh barge rig
  • BP targets giant Shafag Asiman gas-condensate prospect in Azerbaijan
  • Georgia launches first Black Sea licensing round in over a decade
  • TurkStream launched - a new route to Europe for Russian gas
  • Equinor and Rosneft take FID on Russia’s North Komsomolskoye field
  • NOVATEK and LUKOIL launch pilot production at gas fields in Russia’s Yamal-Nenets region
  • Three Russian majors create a new JV for hard-to-recover oil
  • Ukraine transit deal close but sanctions halt Nord Stream 2
  • NOVATEK-Yurkharovneftegaz wins two licences in Yamal-Nenets
  • Arctic LNG-2 to attract US$8 billion project financing
  • Yamal LNG receives last Arc7 ice-class tanker
  • Gazprom delivers on strategic objectives
  • Gazprom launches gas deliveries via Power of Siberia
  • Ceremony marks full completion of TANAP pipeline – the heart of Europe’s Southern Gas Corridor
  • Kazakhstan seeks more compensation as Karachaganak PSC dispute drags on
  • Russia looks to revise its OPEC+ production quota
  • Russia’s ESPO reaches full capacity
  • Uzbekistan’s latest reforms set the scene for future licensing rounds
  • LUKOIL completes key well in the Caspian Sea
  • The US Majors – Azerbaijan exit and Tengiz overruns bring Caspian under focus
  • MOL acquires Chevron’s Azerbaijan assets for US$1.57 billion
  • Chevron confirms cost increases and delays at Tengizchevroil expansion – the largest global upstream project
  • Nord Stream 2 receives Danish construction permit
  • Epsilon Development and Uzbekneftegaz continue Uzbek exploration success
  • Weatherford signs two drilling contracts in Russia
  • Gazprom advances talks for new Uzbek exploration acreage
  • Russia’s Rosneft explores de-dollarisation
  • Russian oil and LNG goes east along the Northern Sea Route
  • Majors drop Kazakhstan’s Kalamkas More-Khazar offshore greenfield project
  • RusGazDobycha chooses EPC contractor for Baltic сhemical complex
  • More bad news for Nostrum Oil & Gas in Kazakhstan
  • Kazakhstan completes strategic Saryarka gas pipeline to capital city
  • Thoughts from Kazakhstan Energy Week
  • Russia makes the Mineral Extraction Tax increment permanent
  • Kazakhstan proposes new US$1 billion gas plant for Kashagan megaproject
  • Russia’s NOVATEK and Japanese investors ink agreement on transhipment
  • Condor Petroleum sells its producing Kazakh assets
  • Surgutneftegas starts new field in Sakha-Yakutiya
  • BP signs construction contracts for new ACE phase at Azerbaijan’s ACG megaproject
  • Russian Ministry of Finance to support Baltic LNG
  • Here to stay: Russian tax increment could become permanent
  • NOVATEK and Gazpromneft go east
  • LNG agreements dominate Russia’s 5th Eastern Economic Forum
  • Nord Stream 2 inches ahead
  • Chart of the month: understanding direct and indirect ownership in Russia
  • Russia did not comply with the OPEC+ cut in August
  • Russia's Gazpromneft to build a gas pipeline from Novoportovskoye to Yamburg
  • 24 billion boe of prospective resources are up for auction in Russia
  • Russia’s Federal Antimonopoly Service (FAS) increases Gazprom market trading quota
  • New Arctic exploration opportunities
  • Gazprom connects the Chayandinskoye field to Power of Siberia pipeline
  • One year on – revisiting the landmark Caspian Sea agreement
  • NOVATEK starts tender process for its new Obskiy LNG
  • Wildfires and clogged pipelines: Russian oil production falls again
  • Transneft compensates for Druzhba oil pipeline incident
  • NOVATEK Q2 2019 results – quickly building the LNG portfolio
  • ExxonMobil queries restrictions on foreign-flagged vessels
  • President Putin meets Shell CEO in St. Petersburg
  • Russia introduces a moratorium on new tax reliefs for oil fields
  • Gazprom awards RUB 51 billion contract to RusGazDobycha for the Kirinskoye field development
  • NOVATEK gets nod to build transhipment terminal near Murmansk
  • Uzbekistan’s reform drive moves up a gear with NOC restructuring
  • CPC oil pipeline approves US$600 million project to boost Kazakh capacity
  • Gazprom on the hunt for gas in the Kara Sea
  • Arcticgas progresses with Achimov development in Russia
  • Georgia's 2018 licensing round falls flat despite awards
  • 15 more years at Dunga – Total and partners secure Kazakh contract extension
  • Gazprom signs five-year gas sales agreement with Turkmenistan
  • Russia extends cut with the OPEC+ group
  • TANAP and TAP pipelines maintain Southern Gas Corridor momentum
  • Mitsui and JOGMEC to get 10% in Russian Arctic LNG-2
  • Equinor adds to resurgent IOC exploration pipeline in Azerbaijan
  • Putting a price on Russian gas
  • Upstream tax changes on the horizon in Russia
  • LUKOIL makes progress in the Caspian Sea
  • PTTEP buys Partex – what is the Kazakh angle?
  • Kazakh-focused Nostrum Oil & Gas is open to offers
  • Progress at Nord Stream 2 despite headwinds
  • Taking stock of Kazakhstan's presidential election
  • High-profile deals in St. Petersburg
  • Striking deals in St. Petersburg
  • Druzhba contamination weighs down on Russian oil production
  • Neftegazholding to start development drilling at Paiyakhskoye
  • NOVATEK plans new Obski LNG for 2022
  • LUKOIL develops new offshore fields in the Baltic Sea
  • Kashagan production restarts after successful maintenance downtime
  • Gazprom makes world-class discovery
  • NOVATEK select TechnipFMC as EPC contractor on Arctic LNG-2
  • BP exploration pact and petchem deal headline Uzbek energy conference
  • Oil flows at Mingbulak for CNPC and Uzbekistan's NOC
  • Rosneft could abandon the FEPCO project
  • FID for final plateau extension project at Kazakhstan's Karachaganak megaproject
  • Five thoughts from a Silk Road trip to Uzbekistan
  • Contamination scare for Druzhba
  • Turkmen NOC keeps up drilling pace at its deepest field
  • Azerbaijan gets positive news on two key offshore gas wells
  • Chinese players buy 20% in Arctic LNG-2
  • Vysotsk LNG inaugurated by President Putin
  • Kashagan production shutdown – what to watch at Kazakh megaproject
  • Gazpromneft starts oil developments at Yamburgskoye, Pestsovoye and Yen-Yakhinskoye
  • Igor Sechin outlines his plan for the Arctic with President Putin
  • BP takes FID on new platform at Azerbaijan's ACG oil field
  • Total to invest in NOVATEK's LNG terminals
  • Gazprom makes its first Turkmen gas purchases in three years
  • NOVATEK signs first agreements on supply from Arctic LNG-2
  • Tajikistan's pre-salt: what happened to Central Asia's exploration wildcard?
  • Kamchatka LNG transhipment terminal construction to start in 2020
  • Gazprom launches development of Kharasaveiskoye
  • 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
  • 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)
  • 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 216 images and tables including:

  • Shah Deniz production outlook – could Shafag Asiman provide a long-term backfill option?
  • ACQ of Shah Deniz export GSAs by destination market vs forecast production
  • April 2021 auction results
  • Block 1 production by field
  • OPEC+ compliance by month
  • Location of North Gydanski
  • Location of Shafag Asiman discovery
  • South Russkoye production
  • Piped gas deliveries to China
  • Karachaganak liquids production outlook (base case)
  • NC KazMunaiGas EBITDA by business segment
  • Potential impact of zero oil export duty on offshore project economics
  • Tepke block location
  • Georgian gas infrastructure
  • Gas monetisation projects in Caspian region (commissioned since 2015)
  • Top 10 global discoveries of 2020 - Russia leads the way
  • Azerbaijan oil and gas production by field
  • Chinarevskoye 2P reserve downgrades
  • April 2021 auction
  • Nord Stream 2
  • Dostlug (Serdar/Kapaz) field
  • Urengoi Achimov IV and V production outlook
  • OPEC+ oil cuts in Q1 2021
  • Vostok Oil infrastructure
  • Komsomolskoye and Tasbulat Area – net sales production
  • December 2020 auction results
  • Rosneft’s flared volumes have more than doubled since 2015
  • Key recent gas discoveries and resource additions in the Kara Sea
  • KrasGeoNats and Sea of Okhotsk assets
  • Kashagan – operator’s development plan
  • Kazakhstan gas outlook (raw gas and sales gas)
  • Vostok Oil infrastructure
  • TAP overview
  • Power of Siberia gas throughput
  • Leningradskoye
  • OMV Petrom in Kazakhstan – net sales production
  • Russia - Summary of new MET credits
  • Russia - Summary of APT regime changes
  • Tethys Petroleum assets map
  • TAP overview
  • Recent E&A activity in the Kara Sea
  • Al-Farabi and Zhenis blocks
  • Top ten companies dependent on Azerbaijani export infrastructure by remaining value
  • December 2020 auction
  • Azerbaijani oil and gas export routes
  • Kazakhstan – onshore blocks available for auction
  • Vat-Yoganskoye location
  • Turkey gas demand and import contracts (annual contract quantity, ACQ)
  • LUKOIL’s Uzbekistan projects – reported net production
  • Rosneft Kara Sea activity
  • West Irkinski-31 well location
  • Uzbekistan – marginal fields
  • North Vrangelevski block
  • SOCAR revenues by type
  • SOCAR debt position
  • Block 2 and Block 3
  • JV blocks in the Russian Volga-Urals
  • Kazakhstan daily oil and condensate production
  • NC KazMunaiGas EBITDA by business segment
  • Tengizchevroil – coronavirus-related measures
  • Trans Adriatic Pipeline (TAP) route
  • Russia and Caspian development drilling capital expenditure
  • Russian monthly liquids production in 2019-20
  • LUKOIL’s Uzbekistan projects – gross gas sales
  • Epsilon Development Company – 2019-20 discoveries by resource size
  • Liquids production cut by company from April to May*
  • Evolution of Rosneft ownership
  • Tengizchevroil – confirmed coronavirus cases
  • ExxonMobil remaining NPV10 (at January 2020) in Russia and Caspian
  • Azerbaijani oil and condensate production outlook
  • Kazakh oil and condensate production outlook
  • Vostok Oil - potentially a major contributor to state production targets
  • Kara Sea discoveries and resource additions
  • Russia OPEC+ compliance
  • Tengizchevroil capital expenditure outlook (FGP-WPMP expansion and base business)
  • Kazakhstan’s CPC export volumes
  • Gazprom's key assets in the Kara Sea
  • Notable incidents and actions
  • Gazprom's exports to China
  • Arctic LNG-1 timing
  • Tengizchevroil capital expenditure – Q1 2020 view
  • Russia’s commitments
  • Kazakhstan’s commitments
  • Azerbaijan’s commitments
  • Notable incidents and actions
  • Chinarevskoye 2P reserves
  • BTC export volumes
  • CPC export volumes
  • Export duty in 2020
  • Lifting costs in Russia
  • Brownfield lifting costs in Kazakhstan
  • Location of the Karabakh field and Aypara prospect
  • Number of major project FIDs by year (global), 2020 risked
  • China's monthly piped imports - March is traditionally a low-demand month
  • 2020 upstream cash flow generation in Russia and Caspian
  • Turkmenistan - proposed offshore licensing round
  • Urengoi Achimov 4+5 production outlook (in kboe/d)
  • Onshore Azerbaijan oil and condensate production by operator (Q1 2020 outlook)
  • Chevron production outlook
  • Eni production outlook
  • Kazakhstan – reserve and resource additions from new discoveries
  • Meretoyakhaneftegaz assets
  • Leader icebreaker capex
  • BP-operated production in Azerbaijan
  • Kazakhstan-China Oil Pipeline
  • Nostrum Oil & Gas – Chinarevskoye sales production
  • Kazakhstan - recent and planned offshore E&A wells
  • Azerbaijan – Shafag Asiman exploration well
  • Georgia – 2020 offshore tender
  • Georgia offshore licensing round
  • TurkStream
  • Licences with NOVATEK's interest
  • Yamal LNG tankers
  • Trans-Anatolian Pipeline (TANAP) map
  • Karachaganak PSC - terms of provisional 2018 settlement agreement
  • Uzbekistan – IOC interest in exploration blocks
  • MOL working interest liquids production by country
  • Tengizchevroil expansion (FGP-WPMP) cost estimate – then and now
  • Nord Stream 2 and Bornholm Island - permit applies to 'Route 3'
  • Epsilon Development blocks in Uzbekistan
  • Uzbek blocks under discussion with Gazprom
  • Yamal LNG exports by initial destination
  • Kalamkas More-Khazar map and overview
  • Chinarevskoye valuation – sensitivity analysis
  • Saryarka gas pipeline to Nur-Sultan
  • Tax revenues
  • Impact of the tax change on company value
  • Kazakhstan gas outlook (base case) – raw production and sales gas
  • Western small-caps in Kazakhstan: production (base case)
  • Azerbaijan – key contract awards for Azeri Central East (ACE) platform
  • Location of the North Vrangelevski block
  • Nord Stream 2 location map
  • Russia monthly liquids production
  • Announced licence auctions in Russia
  • Location of licences to be auctioned in 2019
  • Licence awards on the Taimyr and Gydan Peninsula
  • Russia's Far East
  • Uzbekistan – what to watch in H2 2019
  • CPC pipeline capacity – the need for debottlenecking
  • Kara Sea E&A
  • Georgia licence awards
  • Kazakhstan – Dunga field
  • Russian liquids production outlook
  • Southern Gas Corridor value chain
  • Azerbaijan: Aypara-1 well
  • LUKOIL's liquids production in the Russian part of the Caspian Sea
  • Nostrum Oil & Gas' portfolio in northwest Kazakhstan
  • Gazpromneft's new partnerships with Shell and Repsol
  • Russian oil and condensate production
  • Paiyakhskoye field (Krasnoyarski krai)
  • Offshore fields in Russia's Kaliningrad region
  • Kashagan growth options
  • Gazprom's discoveries in the Kara Sea
  • Uzbekistan: new exploration agreements
  • FEPCO project in the Far East
  • Karachaganak megaproject: liquids production outlook (base case)
  • Uzbekistan sales gas outlook
  • Turkmenistan: ultra-deep Uzynada field
  • Caspian Sea: top 10 deepest E&A wells
  • Kashagan oil production
  • Caspian region: key 2019 maintenance periods
  • 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)
  • Key offshore E&A wells to watch in H2 2020 (currently drilling or planned)

What's included

This report contains:

  • Document

    Russia and Caspian upstream in brief

    PDF 32.79 MB