Imperial Energy is an upstream oil exploration and production company focused on Russian Federation.
The Company was founded by a group of Russian and foreign investors as an independent middle size oil producer in 2004. Through a series of acquisitions, by the end of 2004, the company had controlling stakes in four license-holding companies, three of which had exploration acreages in the Tomsk area of Western Siberia and one near Kostanai in Kazakhstan. Imperial Energy held a vast program of exploration works which has led to 7 new fields discoveries in Tomsk region. Thanks to its strategy, Imperial rapidly moved from being a junior oil and gas exploration company to an exploration and production organization.
Imperial Energy is a company of international level. In 2004 Imperial Energy listed its shares on London’s AIM exchange, then moved to the main LSE market in May 2007 and became a constituent of the FTSE 250 Index.
The company was acquired by ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), the flagship National Oil Company of India on 13th January, 2009 and the company was delisted from LSE on 9th March 2009.
In 2006, IEC established its own drilling company, RUS IMPERIAL GROUP (RIG), which now operates three heavy duty drilling rigs, three workover rigs and a coiled tubing unit. Shortly IEC also owned 50% of Imperial FracService (IFS) that provides hydraulic fracture services to improve production in its fields and service to the third parties.
During the period 2007-08, IEC built 367 km of pipeline infrastructure connecting its fields to the Transneft pipeline system. Prior to its pipeline completion, IEC was selling all of its oil at the wellhead to local off-takers for use in the Russian domestic market. The completion of pipelines enabled Imperial Energy to transport its oil to both domestic and export markets.
Latest Imperial Energy News
Steam injection has a pretty remarkable ability to drive out almost all of the heavy oil from highly permeable reservoirs but it is costly to generate and there is a lot to be gained if you could improve the overall efficiency of the process. The inventor of the SAGD process, Roger Butler, also inv... Tuesday, April 7, 2015
Imperial Oil Limited announced the completion of a major maintenance turnaround at its Cold Lake Mahihkan facilities. "We would like to wholeheartedly congratulate and thank our contractors and employees for completing this major turnaround without a lost-time safety incident," said Zaida... Wednesday, June 25, 2014
Imperial Oil and ExxonMobil Canada have acquired ConocoPhillips' interest in the Clyden oil sands lease, 150 kilometres south of Fort McMurray, Alberta. The Clyden lease is near Imperial's Corner lease holdings and contains 226,000 gross acres amenable to the in-situ recovery technique call... Thursday, August 8, 2013
Imperial Oil Limited today announced the start-up of the initial development of the Kearl oil sands project, which incorporates next-generation technology innovations that significantly enhance environmental performance. "Kearl is a historic development for Imperial," said Rich Kruger, Im... Monday, April 29, 2013
All Imperial Energy News
Imperial Resources, Inc. (OTCBB: IPRC), (OTCQB: IPRC) and its wholly owned subsidiary, Imperial Oil & Gas, Inc. announce that it is has received initial geological reports on its new Area of Mutual Interest in Oklahoma acquired under an agreement entered into in January 2012. The report's findi... Thursday, June 14, 2012