Orenburgneft: Cuts Water Consumption from Natural Sources
The Orenburgneft company, which is part of the oil and gas production complex of NK Rosneft, has reduced water intake from natural sources at the Lebyazhinskoye field by 28%. Thanks to the measures taken over 2.5 years to increase the level of reused water in the production process, the volume of …
Rosneft: Uses 3D Technologies to Train Employees
Specialists from the Tyumen Oil Research Center (Rosneft Research and Design Institute) have developed a program that allows a virtual tour of the Company’s Sorovskoye field. The main goal of the 3D tour is distance education for young specialists, familiarization of employees of corporate institutions with the specifics of the operation …
Gazprom Neft Tested the First Domestic Software for Drilling Automation
Gazprom Neft tested the first domestic software for drilling automation Gazprom Neft has successfully tested the first Russian software, which makes it possible to accelerate well construction by 15%. The company’s specialists, together with partners from Uralmash NGO Holding, participated in the development of the program, which was tested at …
Rosneft: Patented the Technology for Researching Unconventional Oil Reservoirs
Specialists of the Tyumen Oil Research Center (Rosneft Research and Design Institute) have invented and patented a technology for determining the volumes of oil and gas in unconventional oil reservoirs using nuclear magnetic resonance (NMR). The new approach is applied to assess the potential of hydrocarbons in the cavities of rocks …
Rosneft: Expands the Oil-Bearing Capacity for the Zapadno-Irkinskoye Field
In the course of comprehensive geological studies, Rosneft expanded the distribution of oil-bearing strata at the site within the West Irkinskoye field, which is part of the Vostok Oil project. In the process of drilling the Zapadno-Irkinskaya-32 well, more than 50 meters of potentially oil-saturated rocks were uncovered, and about 100 …
Rosneft: Operating Results for 2Q 2021 and 1H 2021
ESG Protecting life and health, as well as securing labor safety are the main priorities for Rosneft. In March 2021, to prevent the spread of the COVID-19 infection the Company commenced vaccination of its employees. In total, approximately 90% of employees of the Company’s headquarters and about 71% of employees …
Rosneft: Financial Results for 2Q and 1H 2021
Net income reached RUB 233 bln in 2Q and RUB 382 bln in 1H 2021. EBITDA increased by more than twofold to RUB 1,016 bln compared to 1H 2020. Unit upstream operating costs stayed at a minimum level of 2.6 USD/boe (194 RUB/boe). FCF increased in 1H 2021 by 2.5-fold to RUB …
OPEC Daily Basket Price: Monday, 16 August 2021, Stood at $69.65 a Barrel
Vienna, Austria, 17 August 2021 – The price of OPEC basket of thirteen crudes stood at $69.65 a barrel on Monday, compared with $70.90 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
LUKOIL Starts Exploration Drilling at Block 12 in Mexico
LUKOIL started drilling its first exploration well at Block 12 located in the southern area of the Gulf of Mexico. The Yoti West-1Exp well will be drilled by Valaris 8505 semisubmersible rig, which was transported to Block 12 after its successful work at Block 10 (the Sayulita-1EXP well). The exploration will focus on turbidite deposits of …
More than 500 Startups Applied for Participation in the First Technology Accelerator by Gazprom Neft
Gazprom Neft has received over 500 applications from technology startups to participate in the first acceleration program in hydrocarbon exploration and production, Industry 4.0, capital construction and alternative energy. The geography of startups is represented by 88 cities from Russia, Belarus, Kazakhstan, Azerbaijan and the USA. Startups submitted their projects in 150 …