Conference and Exhibition News and Updates

“Rosneft” Presented Innovative Technologies in Hydrocarbon Production

The Rosneft Research Institute in Ufa hosted a large-scale scientific and technical conference titled “Innovative Technologies in Hydrocarbon Production” as part of the Russian Oil and Gas Chemical Forum. The conference brought together over 700 experts from leading oil industry companies representing 40 cities across Russia. More than 200 presentations …

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Eurasia Journal News

Bashneft Has Connected Over 8,000 Wells to Its Digital Oilfield System

Bashneft, a subsidiary of Rosneft Oil Company, has integrated 8,100 oil wells into its Digital Oilfield information system. This represents over 70 percent of the company’s total operational well stock in the Republic of Bashkortostan. The system’s advanced solutions—used for the first time at such scale in the oil and …

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Eurasia Journal News

Bashneft Sets New Well Drilling Record

Bashneft (part of Rosneft) set a new record for daily drilling of a horizontal well in the Republic of Bashkortostan. Since the beginning of 2024, the maximum daily drilling rate has increased by more than 200 meters (from 444 to 647). This is the highest figure among Rosneft subsidiaries in …

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Eurasia Journal News

Rosneft Has Replaced Its Chief Geologist

Rosneft is undergoing active personnel changes this summer. According to the Kommersant newspaper, Vladimir Mashorin, a native of NNK, was appointed chief geologist instead of Andrei Polyakov. According to the publication’s interlocutors, Polyakov left the company for health reasons. They call Mashorin’s appointment logical, since he has extensive geological experience …

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Eurasia Journal News

Rosneft’s First Vice President Heads Bashneft

And Andrey Lazeev was sent to raise Vostok Oil. Rosneft has replaced the head of Bashneft. Instead of Andrey LAZEEV, this post was taken by Rosneft’s First Vice President Vladimir CHERNOV on June 19. Since 2020, he also continues to hold the post of General Director of the Vostok Oil …

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Eurasia Journal News

Bashneft Replenished Oil And Gas Reserves By 135% In 2023

Bashneft (part of the Rosneft structure) in 2023, due to successful geological exploration, increased hydrocarbon reserves by 24.4 million tons of oil equivalent, the production replacement rate with reserves was 135%. Every year, Bashneft ensures full replenishment of liquid hydrocarbon production due to the increase in reserves. In this way, …

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Eurasia Journal News

Unconventional Oil Has Been Switched to AIT From 2024

From January 1, 2024, production of viscous and extra-viscous oil in the Russian Federation will be transferred to the added income tax (AIT). The main producers of viscous oils and natural bitumen in Russia are LUKOIL, Tatneft and Rosneft (to a lesser extent). Interfax writes about this. Areas where at …

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Eurasia Journal News

Production of Viscous and Super-Viscous Oil and a Number of Fields of Rosneft and Bashneft are Switching to AIT

From January 1, 2024, production of viscous and extra-viscous oil will be subject to added income taxation (AIT). That is, areas in which at least 70% of the oil produced per year has a viscosity from 200 to 10 thousand mPa*s, as well as from 10 thousand mPa*s and more …

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Eurasia Journal News

Bashneft in NAO Increased Production to 2 Million Tons per Year

This was achieved through the introduction of gas piston units and new horizontal drilling technologies. Bashneft-Polyus plans to drill 5 more production wells in 2023. To increase their efficiency, four gas piston units with a substation were additionally launched. The units operate on associated petroleum gas, Nao-24 reports. In total, …

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Eurasia Journal News

Bashneft Has Processed More Than 30% of the Oil Waste of the “Historical Heritage”

Bashneft (part of Rosneft) in 2020-2022 recycled more than 30% of the oil waste of the “historical heritage”. For three years, about 570 thousand tons of oil sludge have been disposed of. Caring for the environment is an integral part of the corporate culture and one of the key principles …

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