Regional News: Caspian/Central Asia

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Frontera Increases Georgia Gas Resource Estimate More Than Tenfold
Thursday, October 08, 2015 Frontera Resources increases the gas resource estimate of its operations in eastern Georgia more than tenfold, compared to previous estimates.

Wood Group Wins Bechtel Contract to Supply Tengiz Project in Kazakhstan
Wednesday, October 07, 2015 Oilfield services firm Wood Group wins a multi-million dollar contract by Bechtel to supply equipment to Tengizchevroil's Crude Storage Capacity Project at the Tengiz Field in Kazakhstan.

Nostrum Withdraws Tethys Takeover Offer, AGR Proposes Share Deal
Wednesday, October 07, 2015 AGR Energy Holdings Limited issues a non-binding letter of intent to acquire $20 million worth of Tethys shares, following the withdrawal of Nostrum Oil & Gas plc's offer to acquire the entire issued share capital of Tethys.

Kazakhstan Says May Cut Oil Taxes To Spur Investment, Lift Output
Tuesday, September 29, 2015 The government in Kazakhstan is considering cutting the mineral extraction tax (MET) for some oil fields to try to reverse falling output, a senior energy official says.

Oil Output at Kazakhstan's TengizChevroil Seen Flat in 2015-2016
Tuesday, September 29, 2015 TengizChevroil is expected to keep output similar to its 2014 level this year and next.


Official: Unclear When Kashagan Reaches its Forecast Output Level
Tuesday, September 29, 2015 Kazakhstan's deputy energy minister says it is hard to judge when the Kashagan oilfield will start producing at the previously-forecasted level of 375,000 barrels per day.

KazMunaiGas EP Increases Capex to Drill New Wells in 2015
Monday, September 28, 2015 KazMunaiGas Exploration Production plans to increase its capital expenditure this year to pay for the drilling of additional wells at its main oilfields.

Azerbaijan 2016 Oil, Gas Production To Be Steady Around 2015 Levels
Monday, September 21, 2015 Azerbaijan expects to produce 40 million tonnes of oil and 30 billion cubic metres of gas in 2016, a senior official at SOCAR says.

Lukoil Cumulative Uzbekistan Gas Output Hits 1Tcf
Friday, September 18, 2015 Lukoil cumulatively produces 30 billion cubic meters (1.05 trillion cubic feet) of natural gas at its projects in Uzbekistan.

KOGAS Says Uzbek Surgil Gas to Start Commercial Output in Oct
Wednesday, September 16, 2015 Korea Gas Corp (KOGAS) says commercial production will begin in October at its joint venture Uzbekistan gas field and related petrochemical complex, with part of the gas used to produce feedstock products.

KOGAS Says Uzbek Surgil Gas to Start Commercial Output in Oct
Wednesday, September 16, 2015 Korea Gas Corp (KOGAS) says commercial production will begin at its joint venture Uzbekistan gas field in October.

Azeri Energy Firm SOCAR Says Revenues Halved in 2015 Due to Weak Oil Price
Monday, September 14, 2015 Azerbaijan's state oil firm SOCAR says its revenues have halved this year due to the low oil price.