Oil recovery innovation promises bright future for Pacific Rubiales
José Francisco Arata, President, Pacific Rubiales Energy Corp
Pacific Rubiales is working on two big technological innovations. STAR – Synchronised Thermal Additional Recovery – could increase the recovery factor in heavy oil reservoirs from 15 to 45 percent. Llanomulsion could significantly reduce the costs of pipeline transportation. José Arata discusses the company’s progress and the positive implications for its bottom line.
Related by the tag Colombia
José Francisco Arata, President, and Jairo Lugo, Senior Vice President of Exploration, Pacific Rubiales Energy Corp
Pacific Rubiales is responsible for nearly a quarter of Colombia’s oil output – and sustaining, if not growing, this marketshare is vital for the company and the country. Senior VP of Exploration Jairo Lugo outlines the firm’s plans to invest an additional $1.3bn in exploration over the next five years, evaluating a potential 4.4 billion barrels of oil.
January 4, 2012 Category: Energy
Jorge Uribe, President, and Javier Suárez, CFO, Seguros Bolívar
We hear from the president and CFO of Seguros Bolívar, one of the biggest players in the Columbian insurance market, as it prepares to begin operations in Costa Rica.
October 4, 2010 Category: Insurance & PensionsRelated by the tag Oil & Gas
Yuriy Rubin, Chief Financial Officer, Irkutsk Oil Company
Irkutsk Oil Company has enjoyed great success recently, with a growth rate of 65 percent for the last five years, and 2.3m tonnes of liquids produced in 2012, double that of the previous year. Chief Financial Officer Yuriy Rubin outlines some of the key details of its expansion, with the acquisition of licenses in east Siberia and new plans for the highly productive Yaraktinsky field, and how this has gone hand-in-hand with a commitment to increasing efficiency and reducing waste.
March 11, 2013 Category: Energy
Vlad Voskoboinikov and Vasily Mozgovoi, Tatneft
Russia was the second largest producer of crude oil in 2011, with production averaging more than 10 million barrels per day. Vlad Voskoboinikov and Vasily Mozgovoi of Russian operator Tatneft discuss the company’s origins and prospects, and outline the tax incentives available for oil companies in Russia working on hard to recover oil reserves.
November 14, 2012 Category: Energy
Omran Abukraa, General Manager, Arab Drilling and Workover Company (ADWOC)
Libya’s oil production has been approaching pre-revolution levels much faster than expected – but has the recovery stalled amid new unrest? Omran Abukraa discusses the security threat to Libya’s plans to grow oil output 40 percent in three years, ADWOC’s investments in new technology, and the company’s plans for expansion into Iraq and Syria
November 2, 2012 Category: Energy