Rosneft: Launches Long Term Strategic Plan – Reduce Cost Base Whilst Increasing Performance, Develop Powerful OFS Business
At its meeting December 9, the Rosneft Board of Directors approved the main strategic objectives for Company developments. In particular, Board of Directors members endorsed Rosneft Development Strategy and Long-term Development Program until 2030. The Company’s strategic goals aimed to enhance leadership in terms of volumes of production and reserves …
Russian Drilling Market: A Paradigm Shift
In all likelihood, the year 2014 will go down on record as a turning point for the Russian drilling market. New trends have been seen on this market for the first time in several years, i.e. a decline in the scope of total drilling instead of growth that was recorded …
Drilling Technologies for Brownfield Development: ROGTEC Talks ERD with the Industry Heavyweights
Vitaly Chubrikov: Baker Hughes INTEQ, Business Development Manager, Russia Kieran Fitzpatrick: Operations Manager, Halliburton Sperry Drilling, Russia David J. Brunnert: Vice President: Intervention Services, Weatherford International Ltd. With the age of peak oil perpetually drawing nearer, around 40% of the world’s oil today is produced from brownfields. Currently and in …