Unit 4. Company Profile and Records

Lead-in

Ex. 1. What are the stages of oil and gas process? They are commonly divided into Upstream and Downstream operations. To understand these ideas, arrange the following statements under the headings UPSTREAM sector and DOWNSTREAM sector.

1. a term commonly used to refer to the searching for and the recovery and production of crude oil and natural gas

2. a term commonly used to refer to the refining of crude oil, and the selling and distribution of natural gas and products derived from crude oil

3. includes oil refineries, petrochemical plants, petroleum product distribution, retail outlets and natural gas distribution companies

4. is also known as the exploration and production (E&P) sector

5. includes the searching for potential underground or underwater oil and gas fields, drilling of exploratory wells, and subsequently operating the wells that recover and bring the crude oil and/or raw natural gas to the surface

Ex. 2. Oil and gas industry includes a wide variety of sectors and, correspondingly, jobs. The following table follows the value chain from discovery to end user.  At each step along the process, the upper line of the table shows the primary technical job title, the middle line – the operational job, and the lower line – support position. Fill in the blank spaces 1-9 with professions A-I.

1. Chemical engineers

2. Pipeline workers

3. Landmen

4. Administrative assistants

5. Industrial engineers

6. Geoscientists

7. Terminal operators and truckers

8. Oil field workers

9. Analysts and traders

Exploration	Production	Transportation	Refining	Distribution	Marketing
1)	Petroleum engineers	Mechanical engineers	5)	6)	8)
Oil drillers and seismic crews	3)	4)	Plant operators	7)	Service station attendants
2)	Petroleum attorneys	Petroleum accountants	Human resources	Information technology	9)

Reading and Vocabulary

Ex. 3. Read the text and find out which company:

1. concentrates on one type of resources.

2. aims to deliver its products over the whole country’s territory.

3. is planning to start a very large-scale project soon.

4. sells much of its production to countries abroad.

5. implements modern technologies of extracting viscous oils.

6. is mostly state-owned.

7. has developed the world’s most extensive network for transmission of its products.

8. has around a third of its proved reserves concentrated at one field.

9. is going to diversify its resource base.

10. effectively contributes to Russia’s budget.

11. actively operates outside Russia.

A. OJSC Rosneft Oil Company

Integrated oil giant Rosneft conducts oil and gas exploration and production activities in Siberia, the Far East, the North Caucasus, Timan-Pechora, the Volga-Urals region, the Black, Caspian, and Azov Seas, and in Kamchatka. It also has exploration projects in Algeria, Kazakhstan, and Turkmenistan. The company has proved, probable and possible reserves of 49 billion barrels of oil equivalent. Growth of output in the short term will be mainly driven by fields in traditional Rosneft production regions, principally Western Siberia. Reserves at Priobskoye field are 30% of Rosneft’s total proved oil reserves. Commercial production of oil is also scheduled to launch at the Vankor field in Eastern Siberia in the immediate future. Development of Vankor is the largest project of its kind in Russia for the last 20 years. In the Far East, Rosneft is taking part in the promising Sakhalin-3 and Sakhalin-5 geological exploration projects on the shelf of the Sea of Okhotsk. These projects are being implemented with the Company’s foreign partners on a joint-financing basis, which minimizes risks for Rosneft. Successful development of the shelf of the Sea of Okhotsk will enable the Company to take a leading position in the energy market of the Far East. Rosneft also operates shipping and pipeline companies, as well as a national network of 1,700 gasoline stations. The Russian government owns 75% of Rosneft.

B. Gazprom OAO

Gazprom, Russia's largest company, produces 83% of the nation's natural gas, controls 17% of the world's reserves, and is also the world's largest gas producer. The company is engaged in gas exploration, processing, transport, and marketing. It operates Russia's domestic gas pipeline network and delivers gas to countries across Central Asia and Europe. Natural gas from Central Asia is a crucial element in Gazprom’s resource base. In 2008 Gazprom Group purchased 66.1 billion cubic meters of Central Asian gas. Gazprom owns the world’s largest gas transmission system capable of continuously conveying gas over long distances to Russian consumers and abroad. The length of Gazprom’s gas trunk-lines is over 159 thousand km. Gazprom is intent on expanding the production of gas chemical products, intensifying the extraction of valuable components from natural gas and boosting the production of advanced processing products. In the Russian Federation Gazprom holds a leading position in gas distribution. Gasification of Russia’s regions is therefore a major target of the Group.

Gazprom relies heavily on Western exports. It also holds stakes in Russian financial institutions, a polypropylene plant, and its own telecom network. The Russian government has boosted its stake in Gazprom from 38% to just more than 50%. Gazprom accounts for about 25% of Russia's tax revenues.

C. Oil Company Lukoil (JSC)

Most Russians look to LUKOIL for their oil and gas needs. Russia's #1 integrated oil company produces, refines, and sells oil and oil products; it accounts for 18% of Russia's crude oil production. LUKOIL has proved reserves of more than 19.3 billion barrels of oil equivalent, the great majority of which is located in Russia. Over 55% of the Company's proved reserves are located in traditional hydrocarbon production regions (Western Siberia, Urals, Volga) with well-developed infrastructure. Company reserves consist mainly of oil (more than 75% of proved reserves), but rapid development of gas business will increase the share of gas reserves. Most of company reserves are conventional, but LUKOIL also has high-viscosity and bituminous oil as well as hydrocarbons with high sulfur content. The Company is successfully developing these reserves using the latest technologies. For example, steam injection wells are used for extraction of high-viscosity oil at the Usinskoye field in the Komi Republic.

The company has operations in 60 regions in Russia and 25 other countries and owns seven refineries and a total of almost 6,750 gas stations (including 1,800 gas stations in the US). LUKOIL also has power generation activities. ING Bank Eurasia controls about 70% of the company. ConocoPhillips holds 20% but is looking to sell some of that stake to raise cash.

Ex. 4. VOCABULARY. In the text above, find the equivalents to the following words and phrases. (The sequence corresponds to their occurrence in the text.)

1. интегрированный

2. вести разведку

3. вести добычу

4. доказанные запасы

5. вероятные запасы

6. возможные запасы

7. выработка (продукции)

8. запланировать по графику

9. запустить (проект, производство и т.п.)

10. в ближайшем будущем

11. перспективный

12. шельф

13. применять, реализовывать

14. совместное финансирование

15. позволять, давать возможность

16. судоходная компания

17. заправочная станция

18. быть занятым

19. переработка

20. внутренний (внутри страны)

21. сеть трубопроводов

22. поставлять

23. ресурсная база

24. покупать

25. система транспортировки газа

26. непрерывно

27. передавать

28. потребитель

29. магистральный газопровод

30. намереваться

31. извлечение

32. ценный

33. повысить

34. глубокая переработка

35. цель

36. значительно полагаться на

37. иметь долю

38. на долю… приходится / составлять

39. налоговые поступления

40. хорошо развитый

41. быстрое развитие

42. традиционный

43. высоковязкий

44. битуминозный

45. углеводороды

46. содержание серы

47. новейшие технологии

48. закачка пара

49. нефтеперерабатывающий завод

50. денежные средства

Ex. 5. From the Vocabulary List above, find synonyms to the following items.

1. aim

2. be going to

3. be involved in

4. without interruption

5. start

6. traditional

7. buy

8. increase

9. constitute

10. money

11. transfer

12. precious

13. depend on

14. carry out

Ex. 6. Match words from Column A to the words from Column B in order to form phrases. Translate the resulting phrases into Russian. Make up five sentences with these phrases in the context of activities of oil and gas companies.

Column A	Column B
resource sulfur hold probable gasoline steam joint advanced gas tax	processing revenues injection financing trunk-line stake reserves base content station

Ex. 7. Insert appropriate items from the box into the following sentences. Sometimes you will have to change the form of the word.

a) steam injection	d) cash	g) account for	j) boost
b) refinery	e) domestic	h) hold a stake	k) valuabe
c) launch	f) tax revenues	i) convey	l) enable

1. A crack had developed in one of the main cooling pipes which are used to __________ water.

2. The multi-million dollar advertising campaign has failed to __________ sales.

3. Oil __________ are large scale plants, processing about a hundred thousand to several hundred thousand barrels of crude oil a day.

4. But now notice that what happens in the foreign market is a mirror image of what happens in the __________ market.

5. Higher education __________ about 13 percent of general fund expenditures.

6. __________ is most commonly applied to oil reservoirs which are relatively shallow and which contain very viscous oil.

7. Recent innovations in computer design __________us to produce magazines which are more creative and efficient.

8. Telefonica __________ a 60% __________ in the company, local partners the rest.

9. The entrepreneur was given the opportunity to __________ a new product for a major international company.

10. Charity workers must constantly raise more __________ for the needy.

11. Your knowledge and experience would be very __________ to us.

12. With economic growth, __________ grew faster than government expenditures.

Ex. 8. Translate the following sentences into English, using vocabulary from the text. (The items are underlined.)

1. Компания намеревается запустить несколько перспективных проектов, в том числе добычу на шельфе.

2. Компания имеет хорошо развитую систему глубокой переработки сырой нефти.

3. Объем доказанных запасов углеводородов всегда меньше объема вероятных запасов.

4. На этом месторождении преобладает высоковязкая нефть, поэтому для ее извлечения применяется закачка пара.

5. Внутренняя сеть трубопроводов, эксплуатируемых этой компанией, составляет около 30 тысяч км.

6. На долю этой компании приходится около 15 процентов налоговых поступлений в бюджет области.

7. По графику строительство магистрального газопровода должно начаться в мае.

8. Компания ведет добычу нефти в пяти регионах России и планирует в ближайшем будущем начать добычу на Дальнем Востоке.

9. Применение новейших технологий дало компании возможность повысить качество продукции.

10. В прошлом году компания купила новые перерабатывающие мощности и увеличила выработку нефтепродуктов на 30 процентов.

11. Компания-разработчик значительно полагается на своих акционеров, в частности, на крупный немецкий банк, который имеет долю в этом проекте.

12. Компании не всегда имеют достаточно денежных средств для начала добычи, поэтому некоторые проекты выполняются на основе совместного финансирования.

13. Компания ведет разведку новых месторождений и постоянно обогащает свою ресурсную базу.

14. Компания занята в переработке нефти и имеет развитую сеть заправочных станций.

15. В прошлом году эта судоходная компания поставила своим потребителям свыше 2 млн тонн груза.

16. Нефти с низким содержанием серы более ценны.

Speaking and Communication Skills: Presentation (Part 2)

Ex. 9. Read the following recommendations for making a presentation.